Canadian fintech company majorly recognized as a leading innovator in its industry, placed among distinguished organizations on the 'Best Workplaces for Innovators' list.
Wealthsimple, the Canadian fintech company that has been pushing for 'The End of Banking' since its inception over a decade ago, has seen significant growth and recognition in recent years.
Founded in 2014 by Michael Katchen and Joshua Reich, the company has made headlines with its recent acquisitions and impressive growth figures. One such acquisition was Montreal's Fey, a move that brought on board the talented duo of Mae Hwang and Tim Kalvik as founders.
Wealthsimple's growth is nothing short of phenomenal. In just a year, the company's assets under administration have increased by more than 90%, reaching an impressive $84 billion. This growth has earned Wealthsimple a place on the Best Workplaces for Innovators list, an annual recognition by Fast Company for companies that foster innovation.
In 2025, Wealthsimple was named one of the Best Workplaces for Innovators: Large companies, a testament to the company's commitment to fostering a culture of innovation. Diana McLachlan, Chief People Officer at Wealthsimple, attributes this to the company's ethos of embracing curiosity, challenging assumptions, and seeing bold ideas through.
McLachlan also emphasised that Wealthsimple is a company founded on trust. She stated, 'The brand is only as strong as the product, and the product is only as strong as the people.' This ethos is reflected in the full suite of financial products Wealthsimple offers, including managed investing, DIY trading, cryptocurrency, tax filing, spending, and saving.
Wealthsimple's innovative spirit is not confined to its products. The company is also working on the launch of a credit card, further expanding its offerings and solidifying its position as a leading fintech player.
Despite its success, Wealthsimple's CEO has repeatedly declared that the company does not aspire to become a bank. Instead, they aim to be something better, a testament to their relentless pursuit of innovation and disruption in the financial industry.
As the only Canadian entity on the seventh annual edition of the Best Workplaces for Innovators list, which features 12 firms, Wealthsimple's innovation and growth have been recognised. The company's journey towards 'The End of Banking' continues, and it will be exciting to see what the future holds for this innovative fintech company.
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