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Financial institutions
LiveInvestment & brokerage platformsCanada

Wealthsimple

Wealthsimple is a Canadian online investment management service and fintech platform designed for individual retail investors and small business owners. The platform offers a comprehensive suite of financial tools including self-directed and managed investing, spending and savings accounts, and specialized tax services. It positions itself as a lower-fee alternative to traditional big banks, providing digital-first banking solutions for consumers ranging from kids and teens to entrepreneurs.

Last verified todayOfficial site
What it offers
  • Users can trade stocks, ETFs, and crypto while accessing managed investing portfolios.
  • Individuals can manage daily spending with a no-fee chequing account and a spend card that features no foreign exchange or ATM fees.
  • Business owners can open USD accounts for cross-border payments and access lines of credit at rates as low as 3.95%.
  • Clients can utilize a peer-to-peer money transfer service known as Cash App for quick transactions.
  • Qualified traders can participate in forecast trading tied to economic indicators and climate trends following CIRO regulatory approval.
Standout features
Unlimited 1% cashback prepaid business cardsKids and Teens accounts with parental controlsHigh-interest savings up to 4.3%Business portfolio lines of creditUSD savings accounts with 3.25% interest
Fees and rates

Free tier with optional management fees. While chequing accounts have no monthly fees or minimum balance requirements, management fees apply to investment accounts.

Background

The Toronto-based fintech reached a $10 billion valuation in late 2025 and is currently expanding into business and family banking services.

What's new
  1. 2026-09-14New profile

    Wealthsimple added to the directory

    Wealthsimple is a Canadian online investment management service and fintech platform designed for individual retail investors and small business owners. The platform offers a comprehensive suite of financial tools including self-directed and managed investing, spending and savings accounts, and spec

    fintech.ca
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