About Concentra
Concentra is a company based in Saskatoon (Canada) founded in 2005 was acquired by Equitable Bank in February 2022. It operates as a Subscription Services and Direct-to-Consumer (D2C). 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). Concentra operates in a competitive market with competitors including Desjardins, Vancity, Conexus Credit Union, DUCA and Desjardins Financial Security, among others.
- Headquarter Saskatoon, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Concentra Bank
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
$250 M (USD), Debt – Conventional
May 17, 2021
- Investors
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Employee Count
Not available
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Acquired by
Equitable Bank
(Feb 07, 2022)
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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
Investors in Concentra
Concentra has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Equitable Bank.
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Commercial banking services are provided throughout Canada.
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Investor details for Concentra
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Investments & Acquisitions by Concentra
Investment portfolio details for Concentra
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Financial Statements - Concentra
Detailed financials for Concentra
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Concentra Comparisons
Peer comparison for Concentra
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Competitors of Concentra
Concentra 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 Desjardins, Vancity, Conexus Credit Union, DUCA and Desjardins Financial Security, among others.
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Financial services are provided cooperatively to members in Canada.
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Operates as a credit union and fund of funds across multiple sectors.
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Offers banking, loans, investments, and credit cards to personal and business clients.
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Provides banking, savings, investments, loans, and business financing services.
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Operates as a diversified insurance carrier providing comprehensive coverage solutions.
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Provides financial services including banking, loans, and investments in Alberta.
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Detailed competitors of Concentra
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Latest news on 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.