Toronto-based Wealthsimple has announced an equity raise of up to $750 million, valuing the company at $10 billion post-money. The round was co-led by Dragoneer Investment Group and Singapore’s GIC, with participation from CPPIB, Power Corp, IGM Financial, ICONIQ, Greylock, and Meritech.
CEO Michael Katchen said the funding reflects investor confidence in Wealthsimple’s mission to redefine financial services. Profitable since 2024, the fintech manages more than $100 billion in assets and continues to expand with zero-commission options trading, gold investing from $1, and an upcoming AI-powered dashboard.
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