Wealthsimple raises C$750 million in funding round, hits C$10 billion valuation

Reuters

15 hours ago

Wealthsimple raises C$750 million in funding round, hits C$10 billion valuation

Oct 27 (Reuters) - Canadian financial services company Wealthsimple said on Monday it raised C$750 million ($534.80 million) in its latest funding round, which raised its valuation to C$10 billion.

The funding round was led by Dragoneer Investment Group and GIC and included participation from Canada Pension Plan Investment Board, Power Corporation of Canada POW.TO, IGM Financial IGM.TO, ICONIQ, Greylock and Meritech.

Wealthsimple said the funding round will help accelerate its roadmap across investing, spending and credit and support strategic opportunities to expand its platform.

The Toronto-based company has helped make stock trading, peer-to-peer money transfers and tax filing easily accessible. The firm doubled its assets under administration to C$100 billion in 2025 from last year.

($1 = 1.4024 Canadian dollars)

(Reporting by Vallari Srivastava in Bengaluru; Editing by Alan Barona)

((Srivastava.Vallari@thomsonreuters.com))

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