Wealthsimple Technologies
Wealthsimple Technologies is a financial technology company offering a digital platform for investing, trading, tax filing, and cash management.
Secondary Market Price
Secondary Market Price
How Wealthsimple Technologies Measures Up
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Prospect Rating
Exit Risk
Funding Stage
Series E
Secondary Market Price Chart
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Prospect Projected Future Wealthsimple Technologies Prices
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Company Description
Wealthsimple Technologies is a private financial services company that provides a digital platform integrating investment management, self-directed trading, tax filing, and cash management services. The company offers managed portfolios, crypto trading, and educational resources through a single application. Founded in 2014 in Toronto, Canada, Wealthsimple has since expanded its operations with offices in London and New York. As of February 2024, the company reported serving three million users and having C$30 billion in assets under administration.
The company continues to expand its product offerings, recently announcing a partnership with Wise to facilitate international money transfers, with plans to add more currencies and countries. Wealthsimple has also introduced new trading tools and continues to produce educational content, including its "Money Master Class" series. Through its foundation, the company is involved in financial literacy initiatives, such as delivering programs to students. A recent Series E funding round raised US$393 million, with key investors including GIC and Dragoneer Investment Group.
- Dragoneer Investment Group
- GIC
- Canada Pension Plan Investment Board
- Power Corporation of Canada
- IGM Financial Inc.
- ICONIQ
- Greylock
- Meritech
- TCV
- Allianz X
- Two Sigma Ventures
- Sagard
- iNovia
- DST Global
- Redpoint
- STEADFAST
- Alkeon
- TSV
- Plus Capital
- Drake
- Ryan Reynolds
- Michael J. Fox
- Kelly Olynyk
- Dwight Powell
- Patrick Marleau
- Co-Founder, CEO Michael Katchen
- Co-Founder, Chief Marketing Officer Rudy Adler
- Co-Founder, Chief Product Officer Brett Huneycutt
Peer Group Comparison
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Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Wealthsimple Technologies worth joining?
Deciding to join any company involves weighing factors like company culture, growth prospects, and your personal career goals. If you receive an equity offer, platforms like Prospect can help you model its potential future value to inform your decision.
What should I do with my Wealthsimple Technologies stock?
The right strategy for your stock depends on your financial goals, tax situation, and risk tolerance. Tools like Prospect can provide personalized, tax-optimized strategies for exercising options or selling shares.
Can you sell Wealthsimple Technologies stock?
As Wealthsimple Technologies is a private company, selling stock is generally restricted to liquidity events like tender offers or secondary sales. Platforms such as Prospect offer tools to help you navigate these opportunities and determine which shares are most tax-optimal to sell.
How can I find the value of my Wealthsimple Technologies stock?
For a private company, stock value is typically determined by its most recent 409A valuation or the price set in a recent funding round. To better understand its potential future worth, you can use services like Prospect, which uses predictive models to forecast your equity's value.
What is Wealthsimple Technologies's equity worth?
The current worth of private equity is based on internal valuations, but its future value can change significantly based on company performance. Financial modeling tools from platforms like Prospect can help you project potential outcomes for your holdings.
What is Wealthsimple Technologies's stock ticker symbol?
As a privately held company, Wealthsimple Technologies is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are assigned only when a company undergoes an Initial Public Offering (IPO).
Can I buy or sell Wealthsimple Technologies stock?
Selling private stock is typically limited to company-approved tender offers or secondary market sales, which can be complex to navigate. Buying shares is also restricted and generally only available to accredited investors through specialized platforms.
What is the criteria to buy or invest in Wealthsimple Technologies stock?
Investing in a private company like Wealthsimple Technologies is typically reserved for accredited investors who meet specific income or net worth thresholds defined by regulators. These investment opportunities are usually found through venture capital funds or secondary marketplaces.
