2,702 Followers on Owler

Wealthsimple

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

Co-Founder & CEO

Michael Katchen

CEO Approval Rating

82/100

Est. Annual Revenue
$33M
Agree?
Est. Employees
600
Agree?

WEALTHSIMPLE TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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

Michael Katchen

Co-Founder & CEO

82/100
600
$906.6M
$33M
View Profile
1
Wealthsimple's Competitor - Robinhood logo
Vlad Tenev's photo - Co-Founder & CEO of Robinhood

Vlad Tenev

Co-Founder & CEO

89/100
2,100
$5.5B
$1.8B
View Profile
2
Wealthsimple's Competitor - Betterment logo
Sarah Kirshbaum Levy's photo - CEO of Betterment

Sarah Kirshbaum Levy

CEO

87/100
300
$435.4M
$65M
View Profile
3
Wealthsimple's Competitor - Questrade logo
Edward Kholodenko's photo - President & CEO of Questrade

Edward Kholodenko

President & CEO

100/100
500
- -
$25M
View Profile
4
Wealthsimple's Competitor - Wealthfront logo
Andrew S. Rachleff's photo - President & CEO of Wealthfront

Andrew S. Rachleff

President & CEO

78/100
250
$210.5M
$33M
View Profile
5
Wealthsimple's Competitor - Nest Wealth logo
Randy Cass's photo - Founder & CEO of Nest Wealth

Randy Cass

Founder & CEO

78/100
51
$57.5M
$4M
View Profile
6
Wealthsimple's Competitor - Brighton Jones logo
Jon Jones's photo - Co-Founder & CEO of Brighton Jones

Jon Jones

Co-Founder & CEO

91/100
191
$3.5M
$47.1M
View Profile
7
Wealthsimple's Competitor - WealthBar logo
Tea Nicola's photo - Co-Founder & CEO of WealthBar

Tea Nicola

Co-Founder & CEO

70/100
25
$5.5M
$2M
View Profile
8
Wealthsimple's Competitor - Mylo Financial Technologies, Inc. logo
Philip Barrar's photo - Founder & CEO of Mylo Financial Technologies, Inc.

Philip Barrar

Founder & CEO

90/100
17
$12.8M
$3.1M
View Profile
9
Wealthsimple's Competitor - Acorns logo
Noah Kerner's photo - CEO of Acorns

Noah Kerner

CEO

70/100
400
$705.6M
$71M
View Profile
10
Wealthsimple's Competitor - Personal Capital logo
Jay Shah's photo - President of Personal Capital

Jay Shah

President

83/100
500
$314.1M
$23M
View Profile
11
Wealthsimple's Competitor - WeInvest logo
Bhaskar Prabhakara's photo - Co-Founder & CEO of WeInvest

Bhaskar Prabhakara

Co-Founder & CEO

65/100
110
$12.2M
$5M
View Profile
12
Wealthsimple's Competitor - Altruist logo
Jason Wenk's photo - Founder & CEO of Altruist

Jason Wenk

Founder & CEO

87/100
30
$58.5M
$2.5M
View Profile

Missing a competitor? Contribute!

Robinhood is Wealthsimple's #1 competitor. Robinhood's headquarters is in Menlo Park, California, and was founded in 2012. Robinhood competes in the Fintech industry. Robinhood generates 5,363% of Wealthsimple's revenue.

Betterment is one of Wealthsimple's top rivals. Betterment was founded in New York, New York} in 2008. Betterment is in the Asset & Investment Management field. Compared to Wealthsimple, Betterment generates $32M more revenue.

Questrade is one of Wealthsimple's top competitors. Questrade is a Private company that was founded in 1999 in North York, Ontario. Questrade operates in the Investment Banking & Brokerage industry. Compared to Wealthsimple, Questrade has 100 fewer employees.

Wealthsimple 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.
ShareOwner

Dec 2015

Source »
undisclosed
ShareOwner is an online investment management company that provides automated share investment services to its clients.

These are all the companies that Wealthsimple has acquired. Wealthsimple has acquired 2 companies and its 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

Since Wealthsimple was founded in 2013, it has participated in 8 rounds of funding. In total Wealthsimple has raised $906.6M. Wealthsimple's last funding round was on May 2021 for a total of $610.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Venture Round
May 2021
$610M
Venture Round
Oct 2020
$86.8M
Equity
May 2019
$74.5M
Equity
Feb 2018
$51M
Series B
May 2017
$37M

Since Wealthsimple was founded in 2013, it has participated in 8 rounds of funding. In total Wealthsimple has raised $906.6M. Wealthsimple's last funding round was on May 2021 for a total of $610.0M

Wealthsimple Investments

No recent investments found related to Wealthsimple

Wealthsimple News

August 19, 2021IT Business Canada

Twitter teams up with Wealthsimple to send cash to creators via Tip Jar

Wealthsimple Cash is the first Canadian payment service to be linked directly with the feature.The po... See more »
July 13, 2021Betakit

Wealthsimple rolls out fractional shares trading in Canada, US companies

Wealthsimple has introduced fractional shares to make buying and selling large stocks more accessible... See more »
June 22, 2021Betakit

Wealthsimple launches 14 new coins on its crypto trading platform

Toronto-based FinTech firm Wealthsimple has launched 14 new tokens and cryptocurrencies that are now ... See more »
May 14, 2021Betakit

Wealthsimple launches Shariah-compliant ETF on NEO Exchange

Toronto-based Wealthsimple has launched its previously-announced Shariah-compliant exchange-traded fu... See more »
May 5, 2021IT Business Canada

Hashtag Trending, May 5, 2021 - Wealthsimple snags $750M in funding; Bill and Melinda split; Use of ad blockers surge

Wealthsimple snags $750 million in funding from venture funds and Canadian celebrities, Bill and Meli... See more »
May 5, 2021Fintech Switzerland

Wealthsimple Raises US$ 610 Million, Canadian Celebrities Buy In

Wealthsimple, a Canadian online investment management service focused on millennials, announced that ... See more »

Wealthsimple Blogs

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 »
March 30, 2016Wealth Simple Blog

Elaine Lui Tells Wealthsimple Why She Loves Investing in Herself-and Shoes

Lui-you may know her from CTV's etalk and The Social-explains being addicted to opportunity and how h... See more »

Wealthsimple Press Releases

September 14, 2020GlobalNewswire

Purpose Advisor Solutions Closes Merger With Wealthsimple For Advisors

Combined entity provides advisors access to leading technology and partnerships... See more »
June 27, 2018PR Newswire

Wealthsimple Survey Finds Money is Over Six Times More Likely Than Politics to Cause the Most Stress for Millennials

NEW YORK, June 27, 2018 /PRNewswire/ -- Wealthsimple, a digital investment service focused on making ... See more »
March 2, 2016CNW Group Ltd

Fintech leader Wealthsimple eliminates investment account minimum

TORONTO, March 3, 2016 /CNW/ - Wealthsimple, Canada's leading online investing service, announced it ... See more »
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

May 22, 2020Wealthsimple Youtube Channel

"Wealthsimple Trade | Zero" on YOUTUBE

February 13, 2020Wealthsimple Youtube Channel

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

February 13, 2020Wealthsimple Youtube Channel

"Wealthsimple Makes Wealth Easy | Wealthsimple" on YOUTUBE

February 13, 2020Wealthsimple Youtube Channel

"Finance So Boring | Wealthsimple" on YOUTUBE

February 13, 2020Wealthsimple Youtube Channel

"Hi I'm Here | Wealthsimple" on YOUTUBE

February 13, 2020Wealthsimple Youtube Channel

"Money What Is It | Wealthsimple" on YOUTUBE

January 21, 2020Wealthsimple Youtube Channel

"Money Tricks | Wealthsimple" on YOUTUBE

Social Media

Wealthsimple Headquarters

241 Spadina Avenue 3rd Floor

Toronto, OntarioM5T 2E2

647-649-3193

Driving Directions »

Trending Companies

Wealthsimple Summary

ABOUT

Overview

Wealthsimple is an Ontario-based fintech platform that provides stock trading, crypto exchanges, tax filing, and related solutions for individuals and businesses. Wealthsimple was founded in 2013. Wealthsimple's headquarters is located in Toronto, Ont...

CEO

Wealthsimple's Co-Founder & CEO, Michael Katchen, currently has an approval rating of 82%. Wealthsimple's primary competitors are Robinhood, Betterment & Questrade.

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 $906.6M 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 600 employees
  3. What sector does Wealthsimple operate in?

    Wealthsimple is in Banks
  4. Who are Wealthsimple's competitors?

    Wealthsimple's top competitors are Robinhood, Betterment, Questrade