About Duo Bank
Duo Bank is a company based in Toronto (Canada) founded in 2010. It operates as a B2C, and B2B. Duo Bank has completed 1 acquisition, including Fairstone. Duo Bank offers products and services including Personal Loans, Credit Cards, Digital Lending, Mortgages, and Guaranteed Investment Certificates. Duo Bank operates in a competitive market with competitors including Investec, BMO, Equitable Bank, Scotiabank and RBC Royal Bank, among others.
- Headquarter Toronto, 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 Fairstone Bank Of Canada
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Duo Bank
Duo Bank offers a comprehensive portfolio of products and services, including Personal Loans, Credit Cards, Digital Lending, Mortgages, and Guaranteed Investment Certificates. 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.
Provides unsecured and secured loans for consumer financial needs
Offers rewards and financing options for everyday use
Enables quick online loans and borrowing solutions
Facilitates residential and commercial mortgage services
Provides secure GICs for short and long-term investments
Funding Insights of Duo 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 |
Investments & Acquisitions by Duo Bank
Duo Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fairstone. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Diversified lending services are offered by Fairstone as an NBFI.
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1923 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Duo 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 |
Duo Bank Comparisons
Competitors of Duo Bank
Duo 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 RBC Royal Bank, 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 |
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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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to individuals and businesses.
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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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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 Duo Bank
Frequently Asked Questions about Duo Bank
When was Duo Bank founded?
Duo Bank was founded in 2010.
Where is Duo Bank located?
Duo Bank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Duo Bank do?
Fairstone Bank operates as Canadas leading alternative lending institution, providing financial products like personal loans, credit cards, mortgages, and retail financing. Based in Toronto, it serves consumers and businesses through online platforms and branches across Canada, focusing on accessible and reliable solutions to help achieve financial goals.
Who are the top competitors of Duo Bank?
Duo Bank's top competitors include Investec, Canadian Imperial Bank of Commerce and Scotiabank.
What products or services does Duo Bank offer?
Duo Bank offers Personal Loans, Credit Cards, Digital Lending, Mortgages, and Guaranteed Investment Certificates.
How many acquisitions has Duo Bank made?
Duo Bank has made 1 acquisition, including Fairstone.