Wealthsimple: valuation, funding & revenue

Revenue

Funding history

Investors

Overview

Wealthsimple is a Toronto financial company that started out as a robo-adviser and has grown into something closer to an everyday money app for Canadians. People use it to invest, trade stocks and crypto, save, file their taxes and, more recently, spend and borrow. It was founded in 2014 by Michael Katchen, who still runs it.

What makes Wealthsimple interesting from a private-markets point of view is how its value has moved. It raised a big round in 2021, saw its largest shareholder mark it down during the 2022 tech slump, and then came back with a C$10 billion valuation in October 2025. Few Canadian fintechs have gone through that full cycle in public view.

How Wealthsimple makes money

Wealthsimple doesn't publish its revenue. From its products, though, you can see where the money comes from: management fees on managed portfolios, foreign-exchange and other trading fees, premium subscription tiers, interest earned on cash held by clients, crypto trading spreads, and newer lending and card products. The bigger the pool of assets it looks after, the more each of these grows.

That pool has grown fast. Reuters reported that assets under administration doubled during 2025 to roughly C$100 billion. The company also says it became profitable in 2024 and stayed that way into 2025. For a consumer fintech, profitability at that scale is the headline, because it means growth no longer depends on raising new money.

Funding history

The two rounds that matter most are about four and a half years apart.

In May 2021, at the height of retail-trading enthusiasm, Wealthsimple raised C$750 million. Reports put the valuation at around C$5 billion. A year later the market had turned, and Power Corporation, which has long been Wealthsimple's largest investor, wrote down the value of its stake.

In October 2025, Wealthsimple announced another round of up to C$750 million, this time at a C$10 billion post-money valuation. Dragoneer Investment Group and GIC led it. CPP Investments came in as a new investor, alongside existing backers Power Corporation, IGM Financial, ICONIQ, Greylock and Meritech. Around C$550 million was new money for the company. The rest, up to C$200 million, was a secondary sale, meaning existing shareholders sold some of their shares.

Revenue: what's known and what isn't

Wealthsimple has not disclosed its revenue. You'll find figures online from contact-data and estimate sites, but they're modelled guesses, not numbers from the company, so we don't repeat them here. The figures that are on the record are assets under administration (about C$100 billion in 2025) and the company's own statement that it is profitable.

If you need a reasoned estimate, the method in our guide to finding a private company's revenue applies well here: work from assets under administration and typical fee levels, then cross-check against headcount and published pricing.

What this means if you're…

Selling to Wealthsimple: a profitable company that has just raised fresh primary capital usually has budget for infrastructure, security, compliance and data tooling. New lines like lending bring their own regulatory and risk needs.

A Canadian founder: the 2025 round shows global growth investors will back a Canadian consumer company at scale when the numbers support it. The investor list is a useful map of who writes cheques of this size into Canadian fintech.

An investor or analyst: it's a useful comparable for consumer fintech valuations, especially next to US and UK peers that are publicly traded.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Wealthsimple newsroom
2. Reuters via MarketScreener
3. The Logic