Canada’s Wealthsimple Valued at C$10 Billion in Equity Round

Wealthsimple Financial reached C$100 billion in assets under management in October. — Wealthsimple Financial reached C$100 billion in assets under management in October.
Source: Wealthsimple Financial

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By Stephanie Hughes

October 27, 2025 at 9:46 PM UTC

Updated on

October 27, 2025 at 11:01 PM UTC

Wealthsimple Financial Corp. raised C$750 million ($536 million) in the latest equity round that would value the financial services firm at C$10 billion, making it one of Canada’s most valuable startups.

The capital raise announced Monday is co-led by San Francisco-based Dragoneer Investment Group and GIC in Singapore. The round includes both a C$550 million primary offering and a secondary offering of up to C$200 million.