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Wealthsimple Announces $750 Million Equity Round at $10 Billion Post-Money Valuation to Accelerate Growth
Wealthsimple's $750 million raise aims to boost investing, spending, and credit services following a surge to $100 billion in assets under administration.
- Wealthsimple announced in Toronto, Canada on Oct. 27, 2025, that it had closed an equity round of up to CAD $750 million at a post-money valuation of CAD $10 billion.
- Wealthsimple said the new capital will accelerate its product roadmap, supporting expansion across investing, spending and credit after surpassing $100 billion in assets under administration less than a week earlier.
- The round includes a $550 million primary and a $200 million secondary sale co-led by Dragoneer Investment Group and GIC, with participation from Canada Pension Plan Investment Board and existing investors.
- CEO Michael Katchen said the financing reflects investor confidence as Wealthsimple reported profitability in 2024 and continues to be profitable in 2025.
- More than 2.9 million Canadians opened trading accounts in the year to June, 2025, while Wealthsimple serves 3 million Canadians and reaches four million weekly TLDR newsletter readers.
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Wealthsimple announces its raising up to $750M in new capital to accelerate growth
TORONTO — Wealthsimple Inc. says it is raising up to $750 million in capital in an effort to accelerate its growth. The equity raise will bring its valuation to $10 billion upon completion. The equity round includes a $550 million primary offering and secondary offering of up to $200 million and is co-led by U.S.-based […]
·Toronto, Canada
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The Courier-Tribune+51 Reposted by 51 other sources
Wealthsimple announces $750 million equity round at $10 billion post-money valuation to accelerate growth
Dragoneer and GIC co-lead investment alongside CPP Investments, Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech reinforcing growing global conviction in Wealthsimple's mission to build the financial platform of the future.With a profitable and growing business, new…
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Leaning Left11Leaning Right5Center22Last UpdatedBias Distribution58% Center
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58% Center
L 29%
C 58%
13%
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