Toronto-based Wealthsimple , has raised up to $750 million CAD in a new equity round that values the fintech firm at $10 billion CAD.

The round includes $550 million in new funding and a $200 million secondary offering. It’s co-led by Dragoneer Investment Group and GIC, with participation from the Canada Pension Plan Investment Board (CPP Investments) and existing backers Power Corporation of Canada, IGM Financial, ICONIQ, Greylock, and Meritech.

Wealthsimple , known for its investing, spending, and tax tools, recently acknowledged it now has $100 billion in assets under administration, doubling from $50 billion a year earlier. Wealthsimple also reported profitability in both 2024 and 2025.

“This raise reflects deep confidence from new and returning investors in our mission and our role

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