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Wealthsimple valued at CA$13.8 billion after raising up to CA$425 million

Toronto-based fintech Wealthsimple has agreed to raise up to CA$425 million in an equity funding round led by GIC, pushing its post-money valuation to CA$13.8 billion.

A reception area and front desk featuring the Wealthsimple company name mounted on a concrete wall.
Image: @iPhoneinCanada

Toronto-based financial services company Wealthsimple has agreed to raise as much as CA$425 million ($302.5 million) in an equity funding round, according to reports from Reuters and Bloomberg citing company statements.[1][2][4]

The funding round was led by GIC and sets Wealthsimple's post-money valuation at CA$13.8 billion (approximately $9.8 billion). The new valuation marks a substantial increase from the CA$10 billion valuation the company held in 2025.[1][2][3][5]

Key facts

  • Wealthsimple agreed to raise up to CA$425 million ($302.5 million) in an equity round.
  • The financing round was led by GIC, according to Reuters.
  • The round establishes a post-money valuation for Wealthsimple of CA$13.8 billion ($9.8 billion).
  • The new CA$13.8 billion valuation is up from CA$10 billion in 2025.

Sources · 5 sources

  1. BL

    Bloomberg@businessPost on X ·

    Wealthsimple was valued at C$13.8 billion ($9.8 billion) after the Toronto-based fintech agreed to raise as much as C$425 million in an equity round, it said in a statement https://t.co/S5CmKoZT7b

    Open source
  2. TE

    TechmemeArticle ·

    Toronto-based fintech Wealthsimple raised up to CA$425M led by GIC at a post-money valuation of CA$13.8B, up from CA$10B in 2025 (Reuters) Reuters : Toronto-based fintech Wealthsimple raised up to CA$425M led by GIC at a post-money valuation of CA$13.8B, up from CA$10B in 2025 — Oct 27 (Reuters) - Canadian financial services company Wealthsimple said on Tuesday it had raised up to C$425 million ($302.5 million), taking its valuation …

    Open source
  3. TE

    Techmeme@TechmemePost on X ·

    Toronto-based fintech Wealthsimple raised up to CA$425M led by GIC at a post-money valuation of CA$13.8B, up from CA$10B in 2025 (Reuters) (Visit Techmeme dot com for the link and full context!)

    Open source
  4. TS

    The SaaS News@TheSaaSNewsPost on X ·

    Wealthsimple Raises CAD $425M Equity Round #Financial #DigitalBanking #WealthManagement #InvestmentPlatform #FinancialServices #FinTech #Funding #Wealthsimple https://t.co/fkyekhflOk

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  5. II

    iPhone in Canada@iPhoneinCanadaPost on X ·

    Wealthsimple Hits $13.8 Billion Valuation in Fresh Funding Round https://t.co/i42Texon9b https://t.co/DfbHOdfdNi

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