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# Canada's Wealthsimple outlines 2025 plans including USD chequing accounts and a credit card
- URL: https://www.theglobalbanker.com/canada-s-wealthsimple-outlines-2025-plans-including-usd-chequing-accounts-and-a-credit-car/
- Published: 2024-12-19T16:54:00.000Z
- Updated: 2026-09-29T13:01:51.000Z
- Description: The Canadian platform, profitable since the second quarter of 2023, reviewed a year of launches led by margin trading and set out plans for 2025.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, #archive

Canadian fintech Wealthsimple set out its product plans for 2025 in a review of its 2024 launches published on 19 December 2024, saying it intends to add USD chequing accounts, a credit card and enhanced advisory services next year. The company also said it would continue its mortgage partnership with Pine.

“We’re building something better than a bank,” said Brett Huneycutt, Wealthsimple’s chief product officer. “Over the past 10 years, we’ve grown into a sophisticated platform offering a full suite of financial services.”

#### NEW PRODUCTS IN 2024

Wealthsimple launched its first lending product, margin trading, during 2024, and said more than a third of clients on the waiting list had begun using it. It also widened retail access to alternative investments, allowing clients with assets of C$50,000 or more to invest in private-market opportunities; its private funds have attracted C$500 million over two years. The company added ten cryptocurrencies to its platform and introduced crypto swaps, which remove the need for conversions into fiat currency and, it said, halve trading fees.

Its Wealthsimple Cash account gained ATM fee reimbursement, paycheque automation and joint accounts, and its CDIC deposit insurance coverage was expanded to C$1 million. The company said it had paid more than C$200 million in interest to clients and had opened more than a third of all First Home Savings Accounts in Canada.

#### PROFITABLE SINCE 2023

In September 2024, as it marked ten years in operation, Wealthsimple disclosed for the first time that it had been profitable since the second quarter of 2023\. It reported second-quarter 2024 revenue of C$129 million, up 88 per cent from a year earlier, more than three million customers and more than C$50 billion in assets, roughly double the level a year before. Power Corporation of Canada and related entities hold a controlling stake in the privately owned company.