Toronto-based FinTech firm Wealthsimple has announced that it has signed an equity round of up to $750 million CAD at a post-money valuation of $10 billion.

This represents double the company’s $5-billion valuation a year ago. It comes on the heels of significant growth for Wealthsimple, which revealed last week at its product showcase that it had doubled its total assets under administration over the past year to $100 billion— three years ahead of schedule .

Wealthsimple is profitable, caters to more than three million clients, and ranks among Canada’s most valuable tech companies.

This financing includes both a $550-million primary offering and a secondary offering of up to $200 million. Dragoneer Investment Group and GIC are co-leading with support from new investor Canada Pension Pl

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