About Concentra
Concentra is a Financial Services company based in Saskatoon (Canada) founded in 2005, and was acquired by Equitable Bank in February 2022. Concentra Bank is operated as a financial services provider in Canada. It operates on a Subscription Services and Direct-to-Consumer (D2C) model. Concentra offers products and services including Registered Disability Savings Plan (RDSP), Registered Education Savings Plan (RESP), Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), and Guaranteed Investment Certificate (GIC). Its focus areas include Financials, Banking and Retail Banking. Its legal entity is Concentra Bank. Its competitors include Desjardins, Vancity and Conexus Credit Union.
Company details
Concentra Bank, operating under the Concentra brand, is managed as a subsidiary of Equitable Bank since 2022. Financial products such as Registered Disability Savings Plans, Education Savings Plans, Tax-Free Savings Accounts, Retirement Savings Plans, and Guaranteed Investment Certificates are offered. Services are provided to individuals, credit unions, and commercial customers across Canada. Digital banking solutions through the EQ Bank platform are also included, recognized among top banks globally. The focus is placed on accessible, tax-advantaged savings and investment options for diverse client needs.
- Headquarters Saskatoon, Canada
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website concentra.ca
- Social LinkedIn X
- Acquired by Equitable Bank (Feb 2022)
- Legal Name Concentra Bank
- Latest Funding Round$250M (USD), Debt – Conventional
May 2021
- Investors
- Acquired byEquitable Bank
(Feb 2022)
Products & Services of Concentra
Concentra offers a comprehensive portfolio of products and services, including Registered Disability Savings Plan (RDSP), Registered Education Savings Plan (RESP), Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), and Guaranteed Investment Certificate (GIC).
Savings for disabled individuals are supported with government grants.
Education savings are grown tax-free with government grants.
Savings are grown tax-free with flexible access anytime.
Retirement savings are grown tax-free until funds withdrawal.
Secure investments are offered with competitive market rates.
Funding Insights of Concentra
- Total Rounds 1
- Last Round Debt – Conventional — $250M
- First Round $250M
(May 2021)
All 1 funding rounds of Concentra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $250M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in Concentra
Concentra has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Equitable Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided throughout Canada. | 1970 | equitablebank.ca | Toronto, Canada |
Investor details for Concentra
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Concentra
3 dated milestones of Concentra across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Concentra is founded.
- Funding First funding round of $250.0M.
- Exit Acquired by Equitable Bank.
Competitors of Concentra
Concentra has 3 listed competitors in our database. They include Desjardins, Vancity and Conexus Credit Union.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| desjardins.com | 1900 | Levis, Canada | Financial services are provided cooperatively to members in Canada. | |||
| vancity.com | 1946 | Vancouver, Canada | Operates as a credit union and fund of funds across multiple sectors. | |||
| conexus.ca | 2011 | Regina, Canada | Offers banking, loans, investments, and credit cards to personal and business clients. |
Detailed competitors of Concentra
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- Full competitor set
- Operating metrics
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Web traffic of Concentra
The website of Concentra (concentra.ca) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 12.3% vs previous month
Websites whose visitors overlap most with Concentra. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| neofinancial.com | 100% | 920.9K | #50,933 | View details | |
| equitablebank.ca | 60% | 145.7K | #237,274 | View details |
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Related news about Concentra
Complete news archive for Concentra
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Frequently Asked Questions about Concentra
Concentra was founded in 2005 and raised its 1st funding round 16 years after it was founded.
Concentra is headquartered in Saskatoon, Canada. It is registered at Saskatoon, Saskatchewan, Canada.
Concentra Bank, operating under the Concentra brand, is managed as a subsidiary of Equitable Bank since 2022. Financial products such as Registered Disability Savings Plans, Education Savings Plans, Tax-Free Savings Accounts, Retirement Savings Plans, and Guaranteed Investment Certificates are offered. Services are provided to individuals, credit unions, and commercial customers across Canada. Digital banking solutions through the EQ Bank platform are also included, recognized among top banks globally. The focus is placed on accessible, tax-advantaged savings and investment options for diverse client needs.
Concentra's top competitors include Desjardins, Vancity and Conexus Credit Union.
Concentra offers Registered Disability Savings Plan (RDSP), Registered Education Savings Plan (RESP), Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), and Guaranteed Investment Certificate (GIC).
Concentra has 1 investor. Key investors include Equitable Bank.
Concentra operates through Concentra Bank.
Yes. Concentra was acquired by Equitable Bank in February 2022.