Wealthsimple Raises $425 Million at $13.8 Billion Valuation
Canadian wealth platform Wealthsimple has raised 425 million dollars at a 13.8 billion valuation, with GIC leading the round, Reuters reports.
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what happened
Canadian financial platform Wealthsimple said it has raised 425 million dollars at a valuation of 13.8 billion dollars. The funds will be used to speed up business growth, according to a statement cited by Reuters.
GIC led the round. Power Corporation of Canada, IGM Financial, ICONIQ, CPP Investments and Inovia also took part.
why it matters
Wealthsimple is a private company, so the news does not directly move any listed stock. It does signal continued interest from large investors in Canadian fintech firms.
tags
sources
- Wealthsimple Says Raises $425 Million At $13.8 Billion Valuation To Accelerate Growth — Reuters, 27 October 2026 at 22:37 UTC
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