About Alterna
Alterna is a company based in Ottawa (Canada). It operates as a Subscription Services, and Commission-Based. Alterna offers products and services including Chequing and Savings Accounts, Mortgages, Credit Cards, and Investment Products. Alterna operates in a competitive market with competitors including Meridian, Coast Capital Savings, FirstOntario, Innovation Credit Union and Coastal Community Credit Union, among others.
- Headquarter Ottawa, Canada
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Products & Services of Alterna
Alterna offers a comprehensive portfolio of products and services, including Chequing and Savings Accounts, Mortgages, Credit Cards, and Investment Products. 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.
Basic banking accounts are provided for personal finance management.
Various mortgage options are offered for home purchase needs.
Credit card solutions are available for personal spending needs.
Investment plans and deposits are managed for financial growth.
Funding Insights of Alterna
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investments & Acquisitions by Alterna
| 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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Comparisons
Competitors of Alterna
Alterna 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 Meridian, Coast Capital Savings, FirstOntario, Innovation Credit Union and Coastal Community Credit Union, 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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| domain | founded_year | HQ Location |
Urban communities are served by this member-owned credit union.
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| domain | founded_year | HQ Location |
Functions as a credit union providing financial services to members.
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| domain | founded_year | HQ Location |
Provides personal and business banking, loans, investments, and insurance options.
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| domain | founded_year | HQ Location |
Offers no-fee accounts, loans, mortgages, savings, and community financial support services.
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| domain | founded_year | HQ Location |
Provides personal and business banking, loans, investments, and insurance services.
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| domain | founded_year | HQ Location |
Financial services are offered to members by Prospera Credit Union.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Alterna
Where is Alterna located?
Alterna is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
What does Alterna do?
Alterna Savings is established as a financial institution offering a wide range of banking solutions in Canada. Services are provided across personal and business sectors, including chequing and savings accounts, mortgages, loans, credit cards, and investment products. Digital banking options are supported to ensure accessibility and convenience for members. Specialized solutions are also extended to students, seniors, and new Canadians. Community impact and member well-being are prioritized through tailored financial advice and support programs.
Who are the top competitors of Alterna?
Alterna's top competitors include Meridian, Prospera Credit Union and Libro Credit Union.
What products or services does Alterna offer?
Alterna offers Chequing and Savings Accounts, Mortgages, Credit Cards, and Investment Products.
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