Wealthsimple
Canada's money app for younger savers: profitable, holding C$169B of client assets, valued at C$13.8B in October 2026, and controlled by Power Corporation.
Wealthsimple newsroom, Oct 27, 2026- Valuation
- C$13.8B Post-money, Oct 2026 (about US$9.8B at the Bank of Canada rate that day). Up 38% from C$10B in Oct 2025.
- Raised
- About C$1.48B Primary capital, our sum: C$630M before 2025, plus C$550M in 2025 and C$300M in 2026. Secondary sales come on top.
- Revenue
- C$129M a quarter Q2 2024, up 88% on a year earlier. The last figure it has shared. Profitable since Q2 2023, per the company.
- Watch
- Power controls it Power Corporation, Power Financial and IGM hold 52.3% undiluted (40.7% fully diluted) and consolidate Wealthsimple.
- AI
- Readable, not operable Publishes an llms.txt for AI tools. No public API or official MCP server found, so outside agents cannot act on accounts.
- Liquidity
- Staff secondaries The 2025 and 2026 rounds included up to C$200M and C$125M of secondary sales; the 2026 release says employees share in it.
- Hiring
- 44 → 40 remote listings since Oct 10.
Fees, spreads and interest across one consumer app.
It earns from managed-investing fees, trading (crypto: 0.5% fee plus spread), margin loans, a credit card, chequing deposits and business accounts, plus tax filing and employer group savings plans. No revenue split is published.
Wealthsimple llms.txt product index- 1The default first account for younger Canadians1 in 4 Canadians aged 18 to 40 use it, and 1 in 9 aged 41 to 55, per the company as of Sep 2026.Wealthsimple newsroom, Oct 27, 2026
- 2Money keeps arrivingAbout C$17B of net flows in Q2 2026 alone. Assets rose 84% in a year to C$155.6B, then C$169.2B by Sep 30.Wealthsimple newsroom, Jul 29, 2026
- 3From investing app to main bank accountIn Q2 2026 new chequing accounts outpaced new investment accounts for the first time. More than 50 products launched in a year.Wealthsimple newsroom, Oct 27, 2026
- Robinhood$76.6Blisted, Oct 30 close
- Wealthsimple$9.83BGrowth equity (2026), Oct 27
Private values are the last reported round; they can be stale. Listed values are market value. Bars start at zero.
Every round, and what its terms give away.
Wealthsimple is private, so there is no share price. What its investors paid, and on what terms, is the closest thing to one.
- $9.83B
- latest valuation, Growth equity (2026) Oct 27
- 1,500
- employees, as reported
Profitable since Q2 2023 and still profitable in 2025 and 2026, per the company; no profit figure given. Last revenue shared: C$129M in Q2 2024, up 88%. About C$1.48B primary raised (our sum).
Wealthsimple newsroom; Advisor.ca; Ashby postingsPost-money valuations as reported. The line starts at zero. Rounds without a reported valuation are left off.
- Oct 27Growth equity (2026)$303M at $9.83BLed by GIC. About 3% of the company, if all new sharesC$300M primary plus up to C$125M secondary at C$13.8B post-money. All named backers are existing investors.Wealthsimple newsroom, Oct 27, 2026
- Oct 27Series E$536M at $7.14BLed by Dragoneer Investment Group and GIC. About 8% of the company, if all new sharesC$550M primary plus up to C$200M secondary at C$10B post-money. CPP Investments and GIC were new.Wealthsimple newsroom, Oct 27, 2025; BetaKit
- May 3Growth round (2021)$611M at $4.07BLed by Meritech and Greylock. About 15% of the company, if all new sharesC$750M at C$5B post-money. BetaKit reports C$500M of it was secondary, with Power and IGM selling some shares.Osler deal page; BetaKit, Oct 27, 2025
- Oct 14Growth round (2020)$87MLed by TCVC$114M with Greylock, Meritech, Two Sigma Ventures and Allianz X. A C$1.4B valuation was reported; pre or post-money not stated.BLG deal page, Oct 14, 2020
- Down round or flat round?Up round. C$13.8B in Oct 2026 against C$10B in Oct 2025, a 38% step-up; 2025 itself doubled the 2021 price of C$5B.BNN Bloomberg, Oct 28, 2026Clear
- How much of the company the last round soldAbout 2.2% in new shares (C$300M primary of C$13.8B). Counting the secondary, about 3.1% changed hands. Our arithmetic.Wealthsimple newsroom, Oct 27, 2026Clear
- Time since the last raiseOne week (Oct 27, 2026). The gap before it was 12 months, and the profitable company did not need the cash to survive.Wealthsimple newsroom, Oct 27, 2026Clear
- Structured or unusual termsNo liquidation preference, ratchet or warrant terms reported. Share price and share class not disclosed. No SEC Form D checked (Canadian company).Osler deal pageOpen
- New outside lead or insiders only?Insiders only. GIC led after co-leading in 2025; every named participant is an existing investor. No new outside buyer set the C$13.8B price.BNN Bloomberg, Oct 28, 2026Flag
- Employee liquiditySecondary in both recent rounds; the 2026 release says employees share in it. BetaKit reports ICONIQ bought about C$100M of shares from current and former staff in 2024. Per-person terms not public.BetaKit, Oct 27, 2025; Wealthsimple newsroom 2026Clear
- Layoffs in the last 12 monthsSearched news Nov 3, 2026: none reported. The last cut was about 13% of staff in 2022. Postings now cite over 1,500 employees.Advisor.ca, Sep 2024; news search Nov 3, 2026Clear
Clear: checked, nothing found. Flag: found, with the source. Open: could not be checked.
No filing reported
- Oct 27, at $9.83B. Up to C$125M secondary inside the C$13.8B round; the company says employees share in it.
- Oct 27, at $7.14B. Up to C$200M secondary inside the C$10B round; sellers not disclosed.
What the record says, and what we think it means.
The fact is the source's. The read, in italics, is ours.
- 01Good
Raised C$425M at C$13.8B, a 38% markup in a year.
BNN Bloomberg, Oct 28, 2026Announced Oct 27, 2026: C$300M primary plus up to C$125M secondary, led by GIC with Power, IGM, ICONIQ, CPP Investments and Inovia.
The company calls itself profitable, so this looks like growth money. A Jefferies analyst read it as confidence plus a need to fund growth.
- 02Neutral
Power Corporation controls it and marks it every quarter.
Power Corporation Q2 2026 release, Jul 30, 2026Power, Power Financial and IGM hold 52.3% undiluted, 40.7% fully diluted. Power valued the group's interest at C$4.7B at Jun 30, 2026, up 15% in the quarter.
A public parent gives staff a quarterly outside read on value. C$4.7B over 40.7% implies roughly C$11.5B for the whole company before the new round (our arithmetic).
- 03Watch
The 2021 price took years to earn back.
Canadian Press via Advisor.ca, Sep 18, 2024Power valued its 55.1% stake at C$1.5B in June 2024, down from C$2.1B in 2021. The C$5B 2021 price was only doubled in Oct 2025.
Staff who joined at the 2021 peak waited about four years to be above water. Today's price can also fall.
- 04Watch
A 2025 breach exposed ID data for some clients.
iPhone in Canada, Sep 5, 2025On Aug 30, 2025 a compromised third-party software package exposed data for under 1% of clients, including SINs and ID documents. The company said no funds or passwords were taken.
Contained in hours and disclosed fast. Expect security and fraud teams to keep hiring, which matches several open roles.
- 05Neutral
It is moving into prediction markets with Kalshi.
Wealthsimple newsroom, Jun 18, 2026Wealthsimple Predict, a separate app trading Kalshi contracts, was announced Jun 18, 2026 with CIRO approval, starting with economics, markets and climate.
A new revenue line with real regulatory and reputational risk. Watch how provinces and the press respond.
- 06Good
Almost every open role is remote in Canada.
Ashby job board API, checked Nov 3, 202640 of 42 postings on Nov 3, 2026 were tagged Remote: 39 in Canada, 1 in the US. One Toronto role is on-site 5 days and one is hybrid at 80 Spadina Ave. Perks include working abroad up to 90 days a year.
Real remote, but Canada-bound. The boilerplate still says hybrid team, and the 90-day perk excludes some roles.
What the hiring data says.
We save every company's roles, pay by team and level, AI share and churn every day, so each month this page can say more. Sparklines use their own scale.
Can AI agents do business with Wealthsimple?
We checked the agent payment programs, developer docs and site rules an AI assistant would meet.
Readable, not yet operable. AI tools can read its product pages, but no outside agent can act on an account.
Still Remote read- YesA site guide for AI tools (llms.txt)wealthsimple.com/llms.txt lists 26 Markdown product pages: investing, trading, crypto, margin, card, tax and business. The help centre has none (404).checked Nov 3, 2026
- YesLets AI crawlers read its siteNo AI bots named. robots.txt blocks only error pages, PDFs, admin and invite paths for everyone.checked Nov 3, 2026
- Not foundAn official MCP server or public APINone found: /.well-known/mcp.json is 404 and developers.wealthsimple.com does not resolve. Only third-party connectors claim access.checked Nov 3, 2026
- YesIts own AI agents for clientsChat assistants and voice agents answer questions, give account information and help with certain transactions. They give no advice.Wealthsimple AI disclosure, updated Sep 29, 2026
- Not foundAgent payment protocols (AP2, ACP, card-network agent programs)No announcement found tying Wealthsimple or its card to any of them.Newsroom and news searched Nov 3, 2026
Where Wealthsimple puts AI to work.
- 1Most engineers code with AIBy March 2025, 85% of developers used GitHub Copilot and half had Cursor. An internal LLM Gateway served 500 staff a day.Wealthsimple engineering blog, Mar 26, 2025
- 2AI already answers clientsVoice and chat agents handle support, and AI helps with fraud detection and compliance. The disclosure gives no detail on human review.Wealthsimple AI disclosure, updated Sep 29, 2026
More listings than on Sep 7, led by sales.
What has to be true for $9.83 billion to hold?
Wealthsimple does not publish revenue, so the starting number is your assumption, not ours. A way to think, not a forecast, and not investment advice.
At 25x, Wealthsimple needs $393 million of revenue to be worth $9.83 billion. Your world gets there with $770 million, so the next round likely prices above the last.
$100,000 of equity valued at the $9.83B Growth equity (2026) price would be worth about $195,900 on paper in this world, before dilution from new rounds, taxes and vesting. Private shares only turn into cash at a sale, an IPO or a tender offer.
A way to think, not a forecast, and not investment advice.
Wealthsimple newsroom, Oct 27, 2026; US$ at Bank of Canada 1.4038The signals, and which way they push.
- TailwindClient assets up 69% in a year.
C$169.2B at Sep 30, 2026, from C$100B at the Oct 2025 raise, with over 4 million clients and 30,000 businesses.
- TailwindProfitable and still raising.
Profitable since Q2 2023 per the company, yet it raised C$300M of new money in Oct 2026 for products and infrastructure.
- HeadwindNo new outside price-setter.
The 2026 round came only from existing investors, and a Jefferies analyst read it partly as a need to fund growth.
- HeadwindMore risk products, more scrutiny.
Prediction markets, futures and options launched in the past year, after a 2025 breach that exposed ID data.
Where Wealthsimple ends up, if we had to bet.
Our calls, not facts. Each one is tied to something that already happened, so you can judge the reasoning.
- 1
Wealthsimple lists publicly by 2031.
Coin flip 50%IPOThe CEO called an IPO very much in the cards in 2024 and its goal one day in 2025. But it keeps raising privately, and Power controls the timing.
BNN Bloomberg, Sep 2024; BetaKit, Oct 2025 - 2
A big Canadian bank buys Wealthsimple.
Long shot 16%M&AThe CEO said it is committed to the independent path and does not see a bank takeover as likely. Power, the controlling holder, keeps adding money.
BNN Bloomberg, Sep 19, 2024 - 3
Spending and chequing become as big a draw as investing.
Likely 72%ProductsNew chequing accounts passed new investment accounts in Q2 2026. The 2026 raise names business, spending and chequing first.
Wealthsimple newsroom, Jul and Oct 2026 - 4
AI agents handle most Wealthsimple client support.
Likely 72%AIChat and voice agents already help with account questions and some transactions. Engineering adopted AI tools at scale by 2025.
Wealthsimple AI disclosure; engineering blog - 5
It stays the default first account for Canadians under 40.
Likely 72%Competition1 in 4 Canadians aged 18 to 40 already use it. J.D. Power ranked it #1 brokerage for satisfaction three years running.
Wealthsimple newsroom, Jul and Oct 2026
Read by the Still Remote research agent on November 3, 2026 from the sources linked on this page. Facts and scenarios only, not investment advice.