Wealthsimple's chief executive officer Michael Katchen at the company's Toronto office in July. It has become one of the few Canadian technology companies to achieve a $10-billion valuation.

Wealthsimple Technologies Inc. has joined a rare club, becoming one of the few Canadian technology companies to achieve a $10-billion valuation on the strength of one of the largest domestic venture capital financings in recent years.

The Toronto online financial-services provider said Monday it had raised $550-million in fresh capital, alongside a $200-million secondary sale by existing investors, to a group co-led by Dragoneer Investment Group and Singapore sovereign wealth fund GIC. The Canada Pension Plan Investment Board also participated in the financing.

Wealthsimple hits $100-billion in ass

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