Wealthsimple Financial is an online investment management service focused on making "investing easier for millennials."
Wealthsimple provides world-class, long-term investment management with no account minimums.
Wealthsimple was founded in September 2014 by Michael Katchen and Brett Huneycutt. The company is based in Toronto, Ontario with additional offices in New York, New York and London, UK.
Wealthsimple takes financial services that are often confusing, opaque and expensive and makes them simple, transparent, and low-cost.
Wealthsimple is known for its client-centric approach to financial products, which include automated investing, commission-free stock and crypto trading, a savings account, and a tax filing software. Wealthsimple has evolved the financial services industry in Canada by bringing smart, simple and affordable financial products and services to market; today over 1.5 million Canadians use Wealthsimple products.
Wealthsimple is backed by Allianz X, TCV, Power Financial Corporation, Greylock, Meritech, Two Sigma Ventures, Impression Ventures and others. The company raised CAD $114M in new financing on Oct 14, 2020. This brings Wealthsimple's total funding to CAD $380.9M to date. The round values the company at CAD $1.4B pre-money. Wealthsimple has also acquired ShareOwner and SimpleTax to date.
Wealthsimple has received many awards and accolades. In 2015, Product Hunt Toronto honored Wealthsimple with its first-ever Product of the Year Award. In 2016, the 20th Annual Webby Awards named Wealthsimple its Best Financial Services/Banking website. Wealthsimple was also ranked 29th on the 2017 Fintech100 List.