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
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Net Profit
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EBITDA
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Latest Funding Round
$250 M (USD), Debt – Conventional
May 17, 2021
- Investors
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Employee Count
Employee Count
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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). 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.
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 Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $250.0M
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First Round
First Round
(17 May 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Debt – Conventional - Concentra | Valuation |
investors |
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| 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 |
Investors in Concentra
Concentra has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Equitable Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are provided throughout Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Concentra
| 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 - Concentra
| 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 |
Concentra Comparisons
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. 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 |
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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| domain | founded_year | HQ Location |
Provides financial services including banking, loans, and investments in Alberta.
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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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Latest news on Concentra
Frequently Asked Questions about Concentra
When was Concentra founded?
Concentra was founded in 2005 and raised its 1st funding round 16 years after it was founded.
Where is Concentra located?
Concentra is headquartered in Saskatoon, Canada. It is registered at Saskatoon, Saskatchewan, Canada.
What does Concentra do?
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.
Who are the top competitors of Concentra?
Concentra's top competitors include Desjardins, Vancity and Conexus Credit Union.
What products or services does Concentra offer?
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).
Who are Concentra's investors?
Concentra has 1 investor. Key investors include Equitable Bank.
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