Key facts
- The equity round raised up to C$425 million.
- The post-money valuation is C$13.8 billion ($9.8 billion).
- GIC led the investment round.
- New capital will fund product expansion and technology infrastructure.
Wealthsimple Financial Corp. announced on Tuesday, October 27, 2026, that it has agreed to an equity round of up to C$425 million, valuing the Canadian fintech at C$13.8 billion ($9.8 billion). GIC led the investment, with participation from existing investors including Power Corporation of Canada, IGM Financial Inc., ICONIQ, Canada Pension Plan Investment Board, and Inovia. The new capital will fund Wealthsimple's next phase of growth, including product expansion and investment in technology infrastructure. The company plans to accelerate its product roadmap, expanding its business, everyday spending and chequing, trading, and investment products. The round includes both a C$300 million primary offering and a secondary of up to C$125 million. As of September 30, 2026, Wealthsimple had C$169.2 billion in assets under management.