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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Email
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Phone
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Website
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Social
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series F — $392.9M
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First Round
First Round
(15 May 2014)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series F - Wealthsimple | Valuation | GIC , Dragoneer Investment Group | |
| May, 2021 | Amount | Series F - Wealthsimple | Valuation | Meritech , Greylock | |
| Oct, 2020 | Amount | Series E - Wealthsimple | Valuation | TCV |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Private equity investments are made in technology-enabled growth companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wealthsimple
Wealthsimple has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Fey, Plenty and SimpleTax. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2022 | ||||
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Canadian Personal Tax Filing Web app
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2012 | ||||
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Investment tools are delivered for real-time summaries and portfolio synchronization.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wealthsimple
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wealthsimple Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based automated investment and retirement planning platform
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wealthsimple
Frequently Asked Questions about Wealthsimple
When was Wealthsimple founded?
Wealthsimple was founded in 2014.
Where is Wealthsimple located?
Wealthsimple is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Wealthsimple?
Michael Katchen is the current CEO of Wealthsimple. They have also founded this company.
Is Wealthsimple a funded company?
Wealthsimple is a funded company, having raised a total of $1.29B across 9 funding rounds to date. The company's 1st funding round was a Series E of $86.83M, raised on May 15, 2014.
What does Wealthsimple do?
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.
Who are the top competitors of Wealthsimple?
Wealthsimple's top competitors include Coinbase, Betterment and Kraken.
What products or services does Wealthsimple offer?
Wealthsimple offers Chequing Account, Self-directed Investing, Managed Investing, and Tax Filing Service.
How many acquisitions has Wealthsimple made?
Who are Wealthsimple's investors?
Wealthsimple has 27 investors. Key investors include Sagard, Alkeon Capital Management, Power financial, Hivelocity, and Meritech Capital.
What is Wealthsimple's valuation?
The valuation of Wealthsimple is $1.5B as of Oct 2020.
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