About Alterna Bank
Alterna Bank is a company based in Ottawa (Canada) founded in 2000. It operates as a B2C, and B2B. Alterna Bank offers products and services including High Interest eSavings, No Fee eChequing, eTerm Deposits, and TFSA eSavings. Alterna Bank operates in a competitive market with competitors including Investec, BMO, Equitable Bank, Scotiabank and Bank of America, among others.
- Headquarter Ottawa, Canada
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TechnologyFinancial Services
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Products & Services of Alterna Bank
Alterna Bank offers a comprehensive portfolio of products and services, including High Interest eSavings, No Fee eChequing, eTerm Deposits, and TFSA eSavings. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online account offering high-yield savings for personal financial growth
Fee-free checking for everyday transactions and account management
Fixed-term deposits providing guaranteed returns on savings
Tax-sheltered savings option for long-term financial planning
Funding Insights of Alterna Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investments & Acquisitions by Alterna Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alterna Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alterna Bank Comparisons
Competitors of Alterna Bank
Alterna Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, BMO, Equitable Bank, Scotiabank and Bank of America, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Global banking, investment, and wealth management services are offered worldwide.
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BMO is recognized as a leading financial services provider in Canada.
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Commercial banking services are provided throughout Canada.
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking and asset management services are offered worldwide.
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Commercial banking services are provided to businesses and individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alterna Bank
Frequently Asked Questions about Alterna Bank
When was Alterna Bank founded?
Alterna Bank was founded in 2000.
Where is Alterna Bank located?
Alterna Bank is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
What does Alterna Bank do?
Alterna Bank is a Canadian financial institution that delivers online banking services, including high-interest savings accounts, chequing options, and term deposits. It operates through digital platforms for easy account management and transactions, serving personal and small business clients. Based primarily in Ottawa with additional offices in Toronto, it emphasizes secure banking and investment solutions to help users grow their finances efficiently.
Who are the top competitors of Alterna Bank?
Alterna Bank's top competitors include Investec, Canadian Imperial Bank of Commerce and Scotiabank.
What products or services does Alterna Bank offer?
Alterna Bank offers High Interest eSavings, No Fee eChequing, eTerm Deposits, and TFSA eSavings.
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