Wealthsimple
Wealthsimple is an all-in-one Canadian personal finance platform combining chequing, credit cards, investing, trading, and tax filing in a single integrated experience. The platform offers commission-free stock and ETF trading, automated managed portfolios, and a high-interest chequing account with up to 2.25% interest and no monthly fees. Clients automatically unlock higher rates and perks as their assets grow, with tiered benefits starting at $100,000 for Premium and $500,000 for Generation status.
- Financial Technology
- Software Only
- Blockchain & Cryptocurrency
Funding
Raised to date
CA$2.1BRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $1.5Bacross 5 rounds
+17CA$425M · Series F
Announced Oct 2026
Disclosed cumulative: $1.5B
Founders
Founder details are not available yet.
Product
Problem
Traditional Canadian financial services are fragmented across multiple institutions, with confusing jargon, hidden fees, and complex processes that make investing and everyday banking feel inaccessible. Managing separate accounts for chequing, credit, investing, and tax filing creates friction and prevents individuals from having a clear, unified view of their financial life.
Solution
Wealthsimple provides an all-in-one personal finance platform that consolidates chequing, credit cards, investing, trading, and tax filing into a single integrated experience. The platform offers commission-free trading of stocks, ETFs, options, and crypto, alongside automated managed portfolios that handle rebalancing and dividend reinvestment. A high-interest chequing account with no monthly fees and a 2% cash-back credit card round out everyday banking needs. The platform automatically escalates clients through Premium and Generation tiers as assets grow, unlocking higher interest rates, lower management fees, and partner perks. Wealthsimple also provides tax filing tools that auto-fill returns and integrate directly with account data.
Target Audience
Wealthsimple serves Canadian retail investors and everyday banking customers, from first-time investors to high-net-worth individuals with over $500,000 in assets, as well as small businesses seeking integrated banking and investing solutions.
Features
- Chequing account with up to 2.25% interest, $0 monthly fees, $0 ATM fees, and CDIC coverage up to $1 million
- Credit card with 2% unlimited cash back, 0% foreign exchange fees, and no annual fee at Premium tier and above
- Commission-free trading for stocks, ETFs, and options with fractional shares, recurring investments, and real-time streaming quotes
- Automated managed portfolios with management fees from 0.5% down to 0.2% for Generation clients, including tax-loss harvesting and asset location
- Crypto trading with flat 0.5% fee plus spread, staking yields up to 5%, and DEX trading with $0 network fees
- Portfolio line of credit with no credit check, no minimum payment, and interest rates from 3.95% to 4.95%
- Integrated tax filing with auto-fill, maximum refund guarantee, and multi-return support up to 9+ returns for Generation clients
- Tiered account structure (Core, Premium, Generation) that automatically unlocks higher rates and partner perks based on total assets