Wealthsimple has agreed to an equity round of up to C$425 million at a post-money valuation of C$13.8 billion, the Toronto-based financial services company announced on October 27, 2026. The round includes a $300 million primary offering and a secondary of up to $125 million, which lets employees share in the value they helped create. GIC leads, joined by existing investors Power Corporation of Canada, IGM Financial, ICONIQ, Canada Pension Plan Investment Board, and Inovia. The company will use the new capital to speed up its product roadmap, including business, everyday spending and chequing, trading, and investment products. "These investors know our business deeply and chose to increase their commitment," said Michael Katchen, chief executive officer and co-founder.

Wealthsimple is launching Wealthsimple Predict, a standalone app offering Canadian retail investors access to prediction markets trading. The app, currently in beta testing, will launch this summer. At launch, the app will provide access to nearly 4,000 event contracts trading on Kalshi, the leading US predictions exchange. The contracts cover economic indicators, financial markets and climate—categories Wealthsimple is authorised to offer in Canada. Prediction markets allow participants to trade on real-world event outcomes through yes-or-no contracts that settle at $1 or $0. Contract prices reflect the market's collective probability assessment of each outcome. In March, the Canadian Investment Regulatory Organisation authorised Wealthsimple to offer event and forecast contract trading, making it the second investment dealer to receive such approval. Wealthsimple serves over 4 million Canadians with $125 billion in assets under administration.

Wealthsimple has expanded into business banking with new offerings including a business chequing account, line of credit, credit card and upcoming USD account. The move reflects changing expectations amongst modern entrepreneurs who increasingly operate globally and demand streamlined financial services. Co-founder Brett Huneycutt noted that starting a business has become easier, with entrepreneurs now able to serve customers across Canada and internationally. According to Global Affairs Canada, small and medium-sized enterprises are increasingly participating in international markets as digital commerce reduces geographic barriers. This global reach creates new financial needs, including multi-currency accounts and faster international payments. Entrepreneurs are also losing patience with traditional banking friction, seeking the same convenience from financial services that they receive from other technology platforms.