wealthsimple

Toronto-based fintech Wealthsimple is giving Canadians a chance to win big—literally. Wealthsimple is running its 2025 Solid Gold Giveaway, where one winner will take home a 1-kilogram gold bar worth over $175,000. Other prizes include ten 1-ounce gold coins valued at about $5,500 each, fifty 1/10-ounce coins worth $550 each, and 5,000 prizes of $5...

Toronto-based Wealthsimple’s popular Apple promotion has returned, giving Canadians a chance to score free Apple gear — including the iPhone 17 series (including the iPhone 17 Air), MacBook Air, or even a Studio Display — by transferring or depositing new funds into their investment accounts. According to details shared with users, those who register for...

Toronto-based Wealthsimple, has raised up to $750 million CAD in a new equity round that values the fintech firm at $10 billion CAD. The round includes $550 million in new funding and a $200 million secondary offering. It’s co-led by Dragoneer Investment Group and GIC, with participation from the Canada Pension Plan Investment Board (CPP...

Toronto-based Wealthsimple unveiled several new products at its “For Nerds Only” event today, introducing fresh tools aimed at helping Canadians invest smarter — and earlier—while cutting costs across the board. The event spotlighted new investment strategies, digital portfolios, and even a modern way to buy real gold. Just this month, Wealthsimple also hit a milestone...

Toronto fintech Wealthsimple is preparing to roll out its new Visa Infinite Privilege credit card, an upgraded version of its existing Visa Infinite card that adds premium travel and lifestyle benefits at no extra cost. The new card will start reaching eligible clients in the coming weeks, with upgrades happening in batches over the next...

Toronto-based fintech Wealthsimple is giving Canadians a shot at winning a fully furnished home worth $1.1 million in Prince Edward County, Ontario—plus $100,000 in cash to help with the costs of homeownership. The contest runs from October 3 to October 30, 2025, and is open to new and existing Wealthsimple clients across Canada, including Quebec....

Toronto-based fintech Wealthsimple is taking aim at the federal government for allowing banks and investment firms to gouge Canadians with what it calls junk fees on their own savings. In a submission to the 2025 federal pre-budget consultation—ahead of the Nov. 4 budget release—the company warned that exit and transfer charges on registered accounts like...

Wealthsimple is making some big changes to its banking products, with one popular perk going away and several new features being added. The company confirmed to customers in an email today that the 1% cash back reward on its prepaid Mastercard will end on October 1, 2025. Clients can still earn cash back up until...

Toronto-based Wealthsimple is dangling Apple’s newest iPhone 17 as bait to get your paycheque. The company has launched a promotion where invited customers can get a 256GB iPhone 17 ($1,129 value) at no upfront cost if they set up direct deposit of at least $4,000 a month into a Wealthsimple account—and keep it there for...

Toronto-based fintech Wealthsimple is hiking the cost of its Visa Infinite credit card, doubling the annual fee from $120 to $240. In an update to its terms and conditions today, Wealthsimple says starting October 8, 2025, cardholders will be charged $20 per month (instead of $10). In Quebec, the fee will instead be billed once...

Toronto-based fintech Wealthsimple says a data breach on August 30 allowed unauthorized access to personal information from fewer than 1% of its clients. The company confirmed on Friday that no funds were stolen, no accounts were accessed, and no passwords were compromised. The breach was traced to a compromised software package from a third-party provider....

Toronto-based Wealthsimple has acquired Fey, a Montreal-based investing platform known for its advanced trading tools. The deal will bring Fey’s tech—including earnings analysis, natural language stock screening, and personalized news feeds—into the Wealthsimple app which supports trading of stocks and more. Normally, services from Fey cost $30/month or $300/year, but now it's coming for all...