About Wealthsimple
Wealthsimple is a company based in Toronto (Canada) founded in 2014 by Michael Katchen, Brett Huneycutt, and Rudy Adler. Wealthsimple has raised $1.29 billion across 9 funding rounds from investors including Sagard, Alkeon Capital Management and Power financial. Wealthsimple has completed 3 acquisitions, including Fey, Plenty and SimpleTax. Wealthsimple offers products and services including Chequing Account, Self-directed Investing, Managed Investing, and Tax Filing Service. Wealthsimple operates in a competitive market with competitors including Betterment, Stash, Coinsquare, Kraken and Coinbase, among others.
- Headquarter Toronto, Canada
- Founders Michael Katchen, Brett Huneycutt, Rudy Adler
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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- Legal Name Wealthsimple Us, Ltd.
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Products & Services of Wealthsimple
Wealthsimple offers a comprehensive portfolio of products and services, including Chequing Account, Self-directed Investing, Managed Investing, and Tax Filing Service.
No-fee account with interest and ATM access for daily transactions
Platform for trading stocks, ETFs, and crypto assets online
Automated portfolios with advice for long-term wealth building
Digital system for quick and accurate tax preparation and filing
People of Wealthsimple
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Software Development Team
133 people
Product Management Team
51 people
Leadership Team
26 people
Sales and Marketing
23 people
Operations Team
22 people
Senior Team
11 people
Human Resources and Administration
11 people
Creative and Marketing Team
8 people
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Funding Insights of Wealthsimple
Wealthsimple has successfully raised a total of $1.29B across 9 strategic funding rounds. The most recent funding activity was a Series F round of $392.86 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Wealthsimple
Wealthsimple has secured backing from 27 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Sagard, Alkeon Capital Management and Power financial.
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Private equity investments are directed toward US-based companies.
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Venture capital firm specializing in early-stage tech investments and founder support.
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Private equity investments are made in technology-enabled growth companies.
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Investor details for Wealthsimple
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Investments & Acquisitions by Wealthsimple
Wealthsimple has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Fey, Plenty and SimpleTax.
Investment portfolio details for Wealthsimple
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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A financial management platform is offered by Plenty for wealth building.
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Canadian Personal Tax Filing Web app
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Investment tools are delivered for real-time summaries and portfolio synchronization.
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Complete acquisition details for Wealthsimple
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Financial Statements - Wealthsimple
Detailed financials for Wealthsimple
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Wealthsimple Comparisons
Peer comparison for Wealthsimple
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Competitors of Wealthsimple
Wealthsimple operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Betterment, Stash, Coinsquare, Kraken and Coinbase, among others.
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App-based automated investment and retirement planning platform
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Automated investment and robo-advisory services are offered to individuals.
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Digital assets are bought, sold, and traded on Coinsquare.
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Provider of an app-based trading and exchange platform for cryptocurrency
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Cryptocurrency trading, storage, and exchange services are offered online.
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Detailed competitors of Wealthsimple
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Latest news on Wealthsimple
Complete news archive for Wealthsimple
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Frequently Asked Questions about Wealthsimple
Wealthsimple was founded in 2014.
Wealthsimple is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Michael Katchen is the current CEO of Wealthsimple. They have also founded this company.
Wealthsimple is a funded company, having raised a total of $1.29B across 9 funding rounds to date.
Wealthsimple was founded in 2014 in Toronto, Canada, as a fintech platform focused on online investment management. Robo advisory tools are utilized to build diversified portfolios in exchange-traded funds, stocks, and cryptocurrencies. Stock trading capabilities are enabled for users, alongside tax filing calculators and related financial tools. Operations are conducted digitally, serving clients primarily in Canada with an emphasis on accessible investment options.
Wealthsimple's top competitors include Coinbase, Betterment and Kraken.
Wealthsimple offers Chequing Account, Self-directed Investing, Managed Investing, and Tax Filing Service.
Wealthsimple has 27 investors. Key investors include Sagard, Alkeon Capital Management, Power financial, Hivelocity, and Meritech Capital.
The valuation of Wealthsimple is $1.5B as of Oct 2020.