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  6. Robinhood Acquires WonderFi

M&A Deal Summary

Robinhood Acquires WonderFi

On May 13, 2025, Robinhood acquired internet software and services company WonderFi from Mogo for 250M CAD

Acquisition Highlights
  • This is Robinhood’s 2nd transaction in the Internet Software and Services sector.
  • This is Robinhood’s 0th largest (disclosed) transaction.
  • This is Robinhood’s 1st transaction in Canada.
  • This is Robinhood’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2025-05-13
Target WonderFi
Sector Internet Software and Services
Buyer(s) Robinhood
Sellers(s) Mogo
Deal Type Add-on Acquisition
Deal Value 250M CAD
Advisor(s) Financial Technology Partners - FT Partners
Canaccord Genuity (Financial)
Cassels (Legal)

Target

WonderFi

Vancouver, British Columbia, Canada
WonderFi is a technology company with the mission of creating better access to DeFi through the core principles of simplicity and education. WonderFi has a multi-pronged business strategy which includes a high-growth consumer finance app which will serve as a trusted gateway to the new financial system, and a digital asset portfolio which consists of leading crypto and DeFi assets. WonderFi is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Robinhood

Menlo Park, California, United States
Category Company
Founded 2013
Sector Financial Services
Employees2,300
Revenue 3.0B USD (2024)
DESCRIPTION

Robinhood operates as an institutional brokerage company. Robinhood offers commission-free trading in one, user-friendly platform. Robinhood was founded in 2013 and is based in Menlo Park, California.

DEAL STATS #
Overall 3 of 4
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 Ziglu

London, United Kingdom

Ziglu is an operator of a UK-based electronic money institution and crypto-asset firm. Ziglu is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-25 MIAX Derivatives Exchange

Princeton, New Jersey, United States

MIAX Derivatives Exchange (MIAXdx) is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC). MIAXdx is based in Princeton, New Jersey.

Buy -

Seller(S) 1

SELLER

Mogo

Vancouver, British Columbia, Canada
Category Company
Founded 2003
Sector Internet Software and Services
Employees344
Revenue 71M CAD (2024)
DESCRIPTION

Mogo is a financial technology company offers financial health app that empowers consumers with solutions to help them manage and control finances. Users can sign up for a free MogoAccount in only three minutes and get access to six products including free credit score monitoring. Mogo was founded in 2003 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: British Columbia M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Fortification Capital

Montreal, Quebec, Canada

Fortification Capital is a Canadian registered investment dealer and a member of IIROC. Fortification Capital is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-10 Digital Commodities Capital

Vancouver, British Columbia, Canada

Digital Commodities Capital is a publicly listed investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. Digital Commodities Capital is based in

Buy -
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