Company profile: Wealthsimple
1.1 - Company Overview
Company description
- Provider of financial tools to help investors grow and manage their money, including professionally managed, diversified ETF portfolios tailored to goals; commission-free self-directed trading in stocks, ETFs, and over 60 cryptocurrencies; a high-interest chequing account with no monthly fees; a TFSA calculator; and low-fee RESP portfolios with automatic investment.
Products and services
- Self-directed Investing: Wealthsimple delivers a commission-free platform empowering users to control trades in stocks, ETFs, and over 60 cryptocurrencies, with full autonomy over buying and selling decisions
- Managed Investing: Wealthsimple engineers goal-tailored portfolios and constructs diversified portfolios of ETFs on investors’ behalf to maximize returns and minimize risk through professional management and guidance from world-class financial experts
- Spend & Save: Wealthsimple offers a high-interest chequing account paying a minimum 4% yield, with no monthly fees and additional perks for everyday spending and saving
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Wealthsimple
Essentia Analytics
HQ: United Kingdom
Website
- Description: Provider of financial performance analytics software that helps professional investors understand where their skills lie, so they can focus on doing more of what they're good at and less of what they're not, using data that fund management firms already capture about individual investment decisions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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View full Essentia Analytics company profile →
Lysa
HQ: Sweden
Website
- Description: Provider of a Nordic automated investment service that simplifies smart savings, based in Stockholm, Sweden.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Finance Active
HQ: France
Website
- Description: Provider of fintech SaaS to optimize debt and financial risk management, including Fairways Debt for real-time data sharing, risk identification and comprehensive debt tracking; Fairways Guarantees for centralized tracking and detailed monitoring of guarantee information; and Covenant Tracking for forecasting and tracking financial and non-financial covenants via dynamic dashboards. Founded in 2000 with over 10,000 users worldwide.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Cadre
HQ: United States
Website
- Description: Provider of an online marketplace connecting real estate investors and operators, enabling investments and transactions, offering a sophisticated technology product for managing processes and predictive analytics for investors, with a secondary marketplace that allows investors to sell their interests to introduce liquidity.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Laser App
HQ: United States
Website
- Description: Provider of forms automation and management software for the securities and insurance industries, offering advisor-friendly e-forms solutions that combine state-of-the-art forms-filling technology with a massive library of industry-related forms. Products include Laser App Anywhere for mobile form filling, Laser App Enterprise for office e-forms management, and Custom Forms tailored for financial professionals.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Laser App company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Wealthsimple
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Wealthsimple
2.2 - Growth funds investing in similar companies to Wealthsimple
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4 - Top valuation comps for Wealthsimple
4.2 - Public trading comparable groups for Wealthsimple
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