Wealthsimple Valued at $10 Billion After Funding Round
Toronto-based Wealthsimple has raised $750 million CAD in a new equity round, valuing the fintech firm at $10 billion CAD.
The round includes $550 million in new funding and a $200 million secondary offering, co-led by Dragoneer Investment Group and GIC.
- Participation from Canada Pension Plan Investment Board (CPP Investments)
- Existing backers: Power Corporation of Canada, IGM Financial, ICONIQ, Greylock, and Meritech
Wealthsimple, known for its investing, spending, and tax tools, has $100 billion in assets under administration, doubling from $50 billion a year earlier.
The company reported profitability in both 2024 and 2025.
No direct quote available in the text.
Author's summary: Wealthsimple valued at $10 billion.
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