Toronto-based financial technology company Wealthsimple has raised up to C$750 million in a new equity round, valuing the company at C$10 billion post-money. The round, which includes a $550 million primary offering and a secondary offering of up to $200 million, was co-led by Dragoneer Investment Group and Singapore’s sovereign wealth fund GIC. The financing marks one of the largest private rounds in Canada’s fintech history, signaling strong global investor confidence in Wealthsimple’s mission to build a modern financial platform for Canadians.
The round welcomed new participation from the Canada Pension Plan Investment Board (CPP Investments) alongside existing backers Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock, and Meritech. The new capital will be used to expand Wealthsimple’s product roadmap across investing, spending, and credit, pursue strategic platform growth opportunities, and enhance the value it delivers to its users.
Founded in 2014, Wealthsimple has transformed the way Canadians invest, trade, and manage their money through a combination of technology and accessibility. The company introduced several firsts in the Canadian financial landscape, including commission-free trading, regulated crypto trading, and 24/5 market access. It has also diversified into banking services, offering features such as automatic paycheque allocation, bank draft delivery, and fee-free chequing.
Wealthsimple reported profitability in both 2024 and 2025, doubling its assets under administration from $50 billion to $100 billion in just one year. The company now serves over three million Canadians, positioning itself as one of the most trusted financial platforms in the country. The funds from this raise will help it deepen its integration across financial services and accelerate its long-term vision of helping Canadians achieve financial freedom.
Wealthsimple’s recent initiatives include launching a waitlist for its first credit card, which attracted over 300,000 Canadians within six months, and introducing Wealthsimple Presents. This live product showcase drew nearly 350,000 registrants across its 2025 livestream events.
The company’s investor base now includes some of the world’s most prominent financial institutions and technology-focused funds. Dragoneer, known for backing category-defining companies, also led OpenAI’s $8.3 billion raise earlier in 2025. GIC, one of the world’s most significant sovereign wealth funds, joins CPP Investments as a new investor in Wealthsimple’s latest round.
This investment follows Wealthsimple’s 2021 C$750 million equity raise, one of the largest in Canadian history. It represents the next phase of the company’s evolution as it continues to redefine financial services for the modern era.
KEY QUOTES:
“This raise reflects deep confidence from new and returning investors in our mission and our role as a defining Canadian company. We were intentional in choosing partners committed to the long-term future of Wealthsimple. These are well-respected, global leaders with a proven track record scaling category leaders, and who believe in our vision for the future of financial services.”
Michael Katchen, CEO and Co-Founder, Wealthsimple
“Few companies have achieved what Wealthsimple has in the last few years. The Wealthsimple team has built an expansive financial platform that millions of Canadians trust. They’re not just participating in Canada’s financial services industry; they’re redefining it. Wealthsimple’s product velocity, customer obsession, and category leadership remind us of some of the most enduring global companies and we’re thrilled to be partnering with them in this next phase of growth.”
Christian Jensen, Partner, Dragoneer Investment Group
“We look for companies that will transform industries for decades to come, and Wealthsimple is one of them. Their track record of innovation, from investing to trading to spending, combined with deep trust from Canadians, positions them to build a defining, generational company in Canadian financial services.”
Choo Yong Cheen, Chief Investment Officer, Private Equity, GIC
“Wealthsimple has built a strong foundation as a trusted financial platform in Canada, combining innovation with disciplined growth. Alongside our partner Dragoneer, we’ve seen the company’s innovative approach to making financial products more accessible to Canadians, consistent with our strategy to back technology-driven businesses that deliver lasting value for CPP contributors and beneficiaries.”
Afsaneh Lebel, Managing Director, Head of Funds, CPP Investments
