About EQ Bank
EQ Bank is a company based in Toronto (Canada) founded in 2016.. The company has 1,870 employees as of October 31, 2024. EQ Bank has completed 1 acquisition, including PC Financial. EQ Bank offers products and services including Personal Account, Notice Savings Account, EQ Bank Card, and GICs. EQ Bank operates in a competitive market with competitors including Motive Financial, Motus Bank and MAXA Financial, among others.
- Headquarter Toronto, Canada
- Employees 1870 as on 31 Oct, 2024
- Stage Public
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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
*********
- Legal Name Eqb Inc
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Annual Revenue
$2.31 B (USD)9.18as on Oct 31, 2024
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Net Profit
$278.4 M (USD)-10.17as on Oct 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
1870
as on Oct 31, 2024
- Investments & Acquisitions
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IPO & Listings of EQ Bank
EQ Bank is a publicly listed company on the TSX with ticker symbol EQB in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of EQ Bank
EQ Bank offers a comprehensive portfolio of products and services, including Personal Account, Notice Savings Account, EQ Bank Card, and GICs. 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.
High-interest chequing account with no fees for everyday banking.
Account offering high rates with notice for withdrawals.
Reloadable card with cash back and free ATM withdrawals.
Low-risk investments with guaranteed returns over set terms.
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Funding Insights of EQ Bank
| 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 EQ Bank
EQ Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PC Financial. 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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Digital banking and financial services are provided in Canada.
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1996 |
| 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 - EQ Bank
| 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 |
Eq Bank Comparisons
Competitors of EQ Bank
EQ 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 Motive Financial, Motus Bank and MAXA Financial, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates as a digital bank offering services from Canadian Western Bank.
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| domain | founded_year | HQ Location |
Provides digital banking services including savings, chequing, investments, and mortgages online.
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| domain | founded_year | HQ Location |
Offers high-interest savings, GICs, and online banking for Canadian members.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Eq Bank
Frequently Asked Questions about EQ Bank
When was EQ Bank founded?
EQ Bank was founded in 2016.
Where is EQ Bank located?
EQ Bank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
How many employees does EQ Bank have?
As of Oct 31, 2024, the latest employee count at EQ Bank is 1,870.
What is the annual revenue of EQ Bank?
Annual revenue of EQ Bank is $2.31B as on Oct 31, 2024.
What does EQ Bank do?
EQ Bank was founded in 2016 in Toronto, Canada, and operates within the digital banking sector. Online savings accounts and guaranteed investment certificates (GICs) are offered to users, with interest calculated at 2.40 per annum. A minimum deposit of 100 is required for account opening. Services are accessed digitally via the domain eqbank.ca, focusing on straightforward financial products for Canadian residents.
Who are the top competitors of EQ Bank?
EQ Bank's top competitors include Motive Financial, Motus Bank and MAXA Financial.
What products or services does EQ Bank offer?
EQ Bank offers Personal Account, Notice Savings Account, EQ Bank Card, and GICs.
Is EQ Bank publicly traded?
Yes, EQ Bank is publicly traded on TSX under the ticker symbol EQB.
How many acquisitions has EQ Bank made?
EQ Bank has made 1 acquisition, including PC Financial.
What is EQ Bank's ticker symbol?
The ticker symbol of EQ Bank is EQB on TSX.
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