Wealthsimple company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.


Founded Year



Unattributed VC - II | Alive

Total Raised




Last Raised

$610M | 1 yr ago



About Wealthsimple

Wealthsimple is a technology-driven investment manager that combines a robo-advisor platform with access to live advisors.

Wealthsimple Headquarter Location

860 Richmond St W 3rd Floor

Toronto, Ontario, M6J 1C9,



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Expert Collections containing Wealthsimple

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wealthsimple is included in 3 Expert Collections, including Wealth Tech.


Wealth Tech

1,763 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.


Fintech 250

498 items



3,389 items

Excludes US-based companies

Wealthsimple Patents

Wealthsimple has filed 3 patents.

The 3 most popular patent topics include:

  • Models of computation
  • Parallel computing
  • Production and manufacturing
patents chart

Application Date

Grant Date


Related Topics




Parallel computing, Project management, Production and manufacturing, Systems engineering, Models of computation


Application Date


Grant Date



Related Topics

Parallel computing, Project management, Production and manufacturing, Systems engineering, Models of computation



Latest Wealthsimple News

Canadian wealthtech Wealthsimple sheds 12.6% of workforce due to market volatility

Jun 20, 2022

20th June 2022 Canadian digital wealth manager Wealthsimple is to shed 159 employees – 12.6% of its workforce – due to “changes in market conditions”. Wealthsimple sheds 12.6% of its workforce Wealthsimple CEO and co-founder Mike Katchen made the announcement to employees at an “all-hands meeting”, before sharing the news publicly. “Of the 1,262 people who work for Wealthsimple today, 159 will be leaving the company.” Katchen says that the pandemic was a time of “immense volatility”. Markets crashed, then soared, Katchen says, and “our business grew at an unprecedented rate”. In May last year, the Toronto-founded wealth management platform landed a $610 million (CAD 750 million) round of funding, valuing the firm at $4 billion . “Of course, volatility works both ways, and we’re seeing the other side of it now as the pandemic market conditions unwind,” Katchen adds. The ensuing market uncertainty means Wealthsimple must continue to make its clients its “first priority” and “concentrate our resources on what’s most important in today’s environment,” Katchen says. As well as the layoffs the wealthtech will be “laser-focused” on its core businesses, such as investing, banking and crypto, and will reduce investment in areas such as peer-to-peer (P2P) payments, tax and merchant services. Wealthsimple CEO Mike Katchen Teams that are no longer as essential to the business in the “new normal” – recruitment and marketing, for example – will be “restructured”, Katchen says. To help soften the blow, the company says it will be offering severance packages, extended health coverage and recruitment programmes. Wealthsimple has been in talks with IGM and Canada Life, two of the firm’s leading investors, “and they’ve guaranteed interviews to anyone interested in working at those companies,” Katchen says. Katchen signs off: “I’d like to express that we owe a debt of gratitude to all those who are leaving. Thank you for helping to make Wealthsimple a great place to work and for helping make a difference in the lives of millions of Canadians.” In December, the Canadian wealthtech pulled out of the UK market after four and a half years, and shifted its focus back to Canada. The layoffs at Wealthsimple represent a broader shift in fintech as market volatility reigns and recession looms. Buy now, pay later (BNPL) giant Klarna announced in May it is to let go of approximately 10% of its global workforce due to ongoing challenging global economic conditions. Klarna CEO Sebastian Siemiatkowski outlined in a statement to employees how the war in Ukraine, inflation, a volatile stock market, shifts in consumer sentiment and a likely recession, “have marked the beginning of a very tumultuous year” .

Wealthsimple Web Traffic

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Wealthsimple Rank

  • When was Wealthsimple founded?

    Wealthsimple was founded in 2014.

  • Where is Wealthsimple's headquarters?

    Wealthsimple's headquarters is located at 860 Richmond St W, Toronto.

  • What is Wealthsimple's latest funding round?

    Wealthsimple's latest funding round is Unattributed VC - II.

  • How much did Wealthsimple raise?

    Wealthsimple raised a total of $712.38M.

  • Who are the investors of Wealthsimple?

    Investors of Wealthsimple include Two Sigma Ventures, Meritech Capital Partners, Technology Crossover Ventures, Greylock Partners, Inovia Capital and 18 more.

  • Who are Wealthsimple's competitors?

    Competitors of Wealthsimple include Robinhood, Neo Financial, Wealthfront, Betterment, Alpaca.markets and 12 more.

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