Canada’s Real-Time Rail is live, with Wealthsimple, KOHO and other early participants helping usher in a new era of around-the-clock payments. [Read more…] about Canada Launches Real-Time Rail With Wealthsimple and KOHO Among First Participants
Wealthsimple
Wealthsimple Unveils Penny AI Assistant in Major Product Expansion
Wealthsimple is introducing an AI assistant that can help Canadians move money, place trades, and manage everyday financial tasks—with client approval required before it takes action. [Read more…] about Wealthsimple Unveils Penny AI Assistant in Major Product Expansion
Fintechs Welcome Ottawa’s Proposed Ban on Investment Transfer Fees
Fintechs Canada and Wealthsimple are welcoming a federal proposal to ban investment account transfer-out fees, while urging provinces to extend similar protections to financial providers they oversee. [Read more…] about Fintechs Welcome Ottawa’s Proposed Ban on Investment Transfer Fees
Wealthsimple Announces $425 Million Round at $13.8 Billion Valuation
Wealthsimple has agreed to an equity financing round of up to $425 million at a $13.8 billion post-money valuation as it expands across Canadians’ financial lives. [Read more…] about Wealthsimple Announces $425 Million Round at $13.8 Billion Valuation
Wealthsimple’s Paul Teshima Wants Canadians to See What Banking Really Costs
Canadians rarely receive a single receipt showing what it costs them to bank. Wealthsimple’s latest advertising campaign is attempting to provide one. [Read more…] about Wealthsimple’s Paul Teshima Wants Canadians to See What Banking Really Costs
Wealthsimple Draws $17 Billion as Chequing Becomes a Growth Engine
Wealthsimple recorded approximately $17 billion in net inflows during the second quarter of 2026 as demand for its chequing and spending products accelerated. [Read more…] about Wealthsimple Draws $17 Billion as Chequing Becomes a Growth Engine
Wealthsimple Wading into Prediction Markets with Launch of Standalone App
In March, the Canadian Investment Regulatory Organization authorized Wealthsimple to offer event and forecast contract trading—better known as prediction markets. [Read more…] about Wealthsimple Wading into Prediction Markets with Launch of Standalone App
Wealthsimple Lands At Billy Bishop
Wealthsimple is setting up shop inside Billy Bishop Toronto City Airport. [Read more…] about Wealthsimple Lands At Billy Bishop
Wealthsimple Launches Monthly Millionaire Savings Program
Wealthsimple is giving Canadians a new reason to save. [Read more…] about Wealthsimple Launches Monthly Millionaire Savings Program
Wealthsimple Expands Into Family And Business Banking
Wealthsimple is expanding its banking ambitions with a suite of new services designed to give Canadians a single place to manage personal, household, children’s, and business finances. [Read more…] about Wealthsimple Expands Into Family And Business Banking