Wealthsimple’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Wealthsimple is an advisory firm that provides investment management and financial planning solutions for individuals and businesses. Read more

388 Followers on Owler
388 Followers on Owler
388 Followers on Owler
388 Followers on Owler

Wealthsimple is an advisory firm that provides investment management and financial planning solutions for individuals and businesses. Read more

Michael Katchen's photo - Co-Founder & CEO of Wealthsimple

Co-Founder & CEO

Michael Katchen

CEO Approval Rating

70/100

Founded:

2013

Status:

PrivateIndependent Company

Est. Annual Revenue
Est. Employees

TOP COMPETITORS OR ALTERNATIVES

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COMPANY

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Wealthfront is Wealthsimple's #1 competitor. Wealthfront's headquarters is in Palo Alto, California, and was founded in 2008. Like Wealthsimple, Wealthfront also works within the Application Software sector. Wealthfront generates 87% of Wealthsimple's revenue.

Nest Wealth is one of Wealthsimple's top rivals. Nest Wealth was founded in Toronto, Ontario} in 2014. Nest Wealth competes in the Investment Management & Fund Operators industry. Compared to Wealthsimple, Nest Wealth generates $29M less revenue.

Brighton Jones is one of Wealthsimple's top competitors. Brighton Jones is a Investment Company company that was founded in 1999 in Seattle, Washington. Brighton Jones is in the Asset & Investment Management field. Compared to Wealthsimple, Brighton Jones has 95 fewer employees.

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Is $33M a good estimate for Wealthsimple's revenue?

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
SimpleTax Software Inc.

Sep 2019

Source »
undisclosed
SimpleTax is an online platform that offers tax preparation and e-filing solutions for individuals and businesses.

These are all the companies that Wealthsimple has acquired. Wealthsimple's latest acquisition was SimpleTax Software Inc. in Sep 2019. SimpleTax is an online platform that offers tax preparation and e-filing solutions for individuals and businesses.

Wealthsimple Funding History

$2M$32M$84.3M$135.3M$209.8M$296.6M

Since Wealthsimple was founded in 2013, it has participated in 7 rounds of funding. In total Wealthsimple has raised $296.6M. Wealthsimple's last funding round was on Oct 2020 for a total of $86.8M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Venture Round
Oct 2020
$86.8M

TCV

Equity
May 2019
$74.5M
Equity
Feb 2018
$51M
Series B
May 2017
$37M
Equity
Jan 2017
$15.3M

Since Wealthsimple was founded in 2013, it has participated in 7 rounds of funding. In total Wealthsimple has raised $296.6M. Wealthsimple's last funding round was on Oct 2020 for a total of $86.8M

Investments

No recent investments found related to Wealthsimple

These are all the companies that Wealthsimple has invested in. Wealthsimple's latest investment was SimpleTax Software Inc. in Sep 2019. SimpleTax is an online platform that offers tax preparation and e-filing solutions for individuals and businesses.

Wealthsimple News

October 16, 2020FinTech Global

Wealthsimple is the latest FinTech to reach unicorn status

Online investing app Wealthsimple has reportedly joined the ever-growing list of FinTech unicorns, af... See more »
October 15, 2020Finextra

Wealthsimple achieves $1.5 billion valuation on new fundraising round

Canadian robo-advisory firm Wealthsimple has achieved Unicorn status on a CA$114 million investment r... See more »
October 15, 2020Fintech Direct

Wealthsimple snaps up $86.5m funding for $1bn valuation

Toronto-based firm plans to recruit more staff. The post Wealthsimple snaps up $86.5m funding for $1b... See more »
October 14, 2020Private Capital Journal

Power Corporation's Wealthsimple raises $114M led by TCV at $1.5B valuation

Power Corporation controlled Wealthsimple secured $114M at post-money valuation of $1.5B from TCV, Gr... See more »
October 14, 2020Investment Executive

Wealthsimple raises $114 million in financing round

Canadian fintech reaches "unicorn" status with a valuation of $1.4 billion The post Wealthsimple rais... See more »
October 14, 2020Financial Post

Robo-advising made Wealthsimple's reputation, but COVID-19 day-trading helped make it a unicorn

Wealthsimple Technologies Inc. rose to prominence as a result of its robo-adviser investing service, ... See more »
October 14, 2020Toronto Star

Robo adviser Wealthsimple poised to be unicorn with TCV deal

The company last year raised capital from investors including Power Financial and Allianz X, the tech... See more »

Wealthsimple Blogs

May 23, 2016Wealth Simple Blog

The Drummer from Keys N Krates Tells Us Why He Doesn't Care About Material Things but Still Wants a Gold Rolex

Adam Tune from the Toronto band talks about how his most valuable financial lessons came from realizi... See more »
May 18, 2016Wealth Simple Blog

Wealthsimple is a 2016 Webby Award Winner!

"The Oscars of the Internet" just named us the best financial services website in the world (and, yes... See more »
May 12, 2016Wealth Simple Blog

How to Be Smart with Your Tax Refund (and Still Buy Stupidly Expensive Things)

Be a grown-up this year and invest in Future You. Then be a kid and buy something that makes you happ... See more »
April 28, 2016Wealth Simple Blog

How One Man in British Columbia Lives Happily on Almost $0 a Day

He didn't do it out of principle. But over time, Nick Farrar found himself living on almost nothing b... See more »
April 26, 2016Wealth Simple Blog

Ask Wealthsimple: How Do I Know When To Start Investing?

Dave Nugent, Wealthsimple's Head of Investments and resident financial advice-giver, answers your bur... See more »
April 21, 2016Wealth Simple Blog

How To Start Your Own Whiskey Fund for $1500

Turns out it's a better investment than wine-as long as you really like drinking it.... See more »
April 7, 2016Wealth Simple Blog

How to Know What Kind of Mortgage You Can Afford

When buying a house, it's not how much you can pay every month; it's how much you should pay if you'r... See more »

Wealthsimple Press Releases

December 2, 2015CNW Group Ltd

Fintech leader Wealthsimple acquires online brokerage pioneer ShareOwner

After launching in September 2014, Wealthsimple now manages over 10,000 clients and $400 million in c... See more »
April 9, 2015CNW

Wealthsimple receives up to $30 million investment from Power Financial Corporation

TORONTO, April 9, 2015 /CNW/ - Wealthsimple, a technology-driven investment manager, today announced ... See more »
September 15, 2014CNW

New service finally makes investing simple for Canadians

Wealthsimple brings previously inaccessible investing strategies to all investors TORONTO, Sept. 15, ... See more »

Wealthsimple Videos

February 13, 2020Wealthsimple Youtube Channel

"Finance So Boring | Wealthsimple" on YOUTUBE

February 13, 2020Wealthsimple Youtube Channel

"Notorious B.I.G. | Wealthsimple" on YOUTUBE

February 13, 2020Wealthsimple Youtube Channel

"Money What Is It | Wealthsimple" on YOUTUBE

January 21, 2020Wealthsimple Youtube Channel

"Bank | Wealthsimple" on YOUTUBE

January 21, 2020Wealthsimple Youtube Channel

"Security Guard | Wealthsimple" on YOUTUBE

January 21, 2020Wealthsimple Youtube Channel

"Money Tricks | Wealthsimple" on YOUTUBE

January 15, 2020Wealthsimple Youtube Channel

"Nail Salon | Wealthsimple" on YOUTUBE

Social Media

Headquarters

860 Richmond Street West 3rd Floor

Toronto, OntarioM6J 1C9

647-649-3193

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Summary

ABOUT

Overview

Wealthsimple is an advisory firm that provides investment management and financial planning solutions for individuals and businesses. Wealthsimple was founded in 2013. Wealthsimple's headquarters is located in Toronto, Ontario, CA M6J 1C9. It has rais...

CEO

Wealthsimple's Co-Founder & CEO, Michael Katchen, currently has an approval rating of 70%. Wealthsimple's primary competitors are Wealthfront, Nest Wealth & Brighton Jones.

Website

wealthsimple.com

Frequently Asked Questions about Wealthsimple

  1. When was Wealthsimple founded?

    Wealthsimple was founded in 2013
  2. Who is Wealthsimple's CEO?

    Wealthsimple's CEO is Michael Katchen
  3. How much revenue does Wealthsimple generate?

    Wealthsimple generates $33M in revenue
  4. How much funding does Wealthsimple have?

    Wealthsimple has historically raised $296.6M in funding
  1. Where is Wealthsimple's headquarters?

    Wealthsimple's headquarters is in Toronto Ontario, CA
  2. How many employees does Wealthsimple have?

    Wealthsimple has 235 employees
  3. What sector does Wealthsimple operate in?

    Wealthsimple is in Application Software
  4. Who are Wealthsimple's competitors?

    Wealthsimple's top competitors are Wealthfront, Nest Wealth, Brighton Jones