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The Toronto fintech said in a release that its assets under administration were up 71 per cent from last year in the first quarter. (The Logic)
Talking point: Wealthsimple’s hot streak continues. In October 2025, the company announced it had met its goal of holding $100 billion in client assets three years early, and that it had raised $750 million at a $10-billion valuation a few days later. Last fall, it announced new sophisticated tools for traders. In March, Wealthsimple disclosed it received the regulatory green light to one day offer prediction markets trading, which lets users bet on the outcome of real-world events. Support for increasing financial services competition in Ottawa and movement on other initiatives, such as the Real-Time Rail instant payment system and open banking, are boosting the fintech sector.
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