Robinhood Acquires WonderFi for CA$250M to Enter Canadian Market

WonderFi Technologies Acquires Bitbuy (First Ledger Corp.)

January 4, 2022

Payments & Fintech

WonderFi Technologies Inc. has entered into a definitive agreement to acquire First Ledger Corp., the parent of Bitbuy Technologies Inc., Canada's first approved crypto marketplace, in a transaction valued at approximately CAD $206 million. The deal (70 million WonderFi shares, $20M upfront cash and $30M vendor take-back note) adds over 375,000 users, CAD $455 million in assets under custody and more than 80 employees to WonderFi, expanding its licensed fiat on‑ramp, OTC capabilities and product suite.

WonderFi Technologies Acquires Blockchain Foundry Inc.

November 7, 2022

Software

WonderFi Technologies Inc. completed its acquisition of Blockchain Foundry Inc., a Toronto-based blockchain development firm, in an all‑share arrangement. The transaction brings BCF's blockchain, NFT and Web3 products (including LastKnown and Metacademy) and consulting capabilities into WonderFi's ecosystem to accelerate Web3 product scale and capability expansion.

Robinhood Acquires Ziglu Limited

April 19, 2022

Payments & Fintech

Robinhood has signed an agreement to acquire UK-based electronic money institution and cryptoasset firm Ziglu Limited, subject to regulatory approvals. The acquisition will help Robinhood accelerate its international expansion into the UK and Europe and bring Ziglu's crypto, debit-card and e-money capabilities onto the Robinhood platform.

Finder Acquires Finch

June 10, 2023

Financial Services

Finder has acquired Finch, a New York–based wealth management fintech that converts cash-back rewards into automated investments. The deal brings Finch's cash-back investing card and automated portfolio features into Finder's product set to help consumers save and invest more easily; Finch co‑founder Neel Ganu will join Finder's team.

Wonder Acquires Grubhub from Just Eat Takeaway.com

November 13, 2024

Restaurants & Hospitality

Wonder, the delivery-first food hall and mealtime platform founded by Marc Lore, will acquire Grubhub from Just Eat Takeaway.com for an enterprise value of $650 million (including $500 million of senior notes and $150 million cash). The acquisition will integrate Grubhub’s large marketplace and logistics network into Wonder’s app to accelerate Wonder’s ‘super app for mealtime’ strategy; the deal is expected to close in Q1 2025 and Jefferies served as Wonder’s financial advisor.

Wealthsimple Acquires Fey

September 3, 2025

Financial Services

Wealthsimple has acquired Fey, a Montreal-based investing platform founded in 2021 that offers trader-focused tools including earnings analysis, natural-language stock screening, and a real-time personalized news feed. The acquisition will bring Fey's AI-driven trading features into Wealthsimple's platform to enhance its DIY trading experience for millions of Canadian clients, with initial Fey-powered features expected by year-end.