wealthsimple

Toronto-based fintech Wealthsimple is making its biggest push yet into active trading, announcing a suite of new tools on May 1 that bring professional-grade features to everyday Canadian investors. The announcement came during The Trade Show, an event that drew more than 100,000 traders online and in person. The timing is deliberate. A survey Wealthsimple...

Montreal's bike-sharing network BIXI has landed Wealthsimple as the exclusive sponsor of its electric fleet. Starting this season, the fintech company's logo will appear on all 3,500 of BIXI's e-bikes. The deal also breathes new life into the AMI BIXI program, which tackles one of bike-share's most persistent headaches: stations that are either completely empty...

Wealthsimple has officially launched support for the Québec Education Savings Incentive (QESI), allowing families in the province to access provincial grants directly through their RESP accounts. The move comes after years of the feature being one of the most requested items from the company’s 565,000 Québec clients. By adding QESI support, parents can now secure...

Wealthsimple has rolled out a series of significant upgrades to its Interac e-Transfer service, aiming to give clients more flexibility and higher limits than regular Canadian banks. The Toronto-based fintech now allows users to send up to $25,000 daily, a move that doubles the standard limit found at most major financial institutions. Beyond the increased...

A leak from last month suggesting that X would integrate stock trading powered by Wealthsimple has officially come true. While many initially doubted the rumours, the discovery by code sleuth Aaron proved to be solid as the feature went live for Canadian users. Wealthsimple confirmed the partnership on April 14, introducing Smart Cashtags for Canadian...

Calgary-based Neo Financial is levelling up its payment game today by officially joining the Interac e-Transfer network as a participant. They are the only second fintech in Canada to do so. This move follows a change in Canadian rules that allows fintechs to hook directly into the country’s main money-moving system rather than relying on...

TD Direct Investing has overhauled its mobile offering with the official launch of the new TD Easy Trade app, a move clearly aimed at reclaiming younger investors from fintech rivals like Toronto-based Wealthsimple. The new app was updated earlier this month but today marks the official launch. The new platform features a modern interface and...

Elon Musk's social network X appears to be integrating stock trading into its platform—and it will be powered by Toronto fintech Wealthsimple. That’s according to a screenshot shared by @aaronp613, who routinely dives through app codes. "You can click on a Cash Tag and it will show a Trade button which says Powered By Wealthsimple,”...

Toronto fintech Wealthsimple has quietly rolled out a new beta feature that allows its credit card users to spend their accumulated cash back directly on physical products within the app. The merchant rewards redemption storefront is currently available to a limited group of testers, moving the platform away from its traditional cash model toward a...

Toronto-based fintech Wealthsimple has introduced a new feature allowing users to automatically invest portions of their paycheque into more than 140 different cryptocurrencies with zero trading fees. The company claims it is the first platform in Canada to offer this direct-from-paycheque automation for digital assets, according to an email send to customers on Wednesday. Under...

Last fall Wealthsimple had an Apple promotion that offered up a free iPhone 17 series, iPhone Air, MacBook Air, MacBook Pro or Studio Display, if you were to transfer in net deposits to the Toronto-based fintech. Now some people who registered and had their transfers stuck due to banks or whatever, have realized that their...

Toronto-based Wealthsimple has officially joined the SWIFT global financial messaging network, marking the first time a Canadian fintech has gained direct membership. The move puts the company among only a handful of fintechs globally to access the system used by 11,000 financial institutions to move trillions of dollars across borders. By joining SWIFT, Wealthsimple will...