About Equitable Bank
Equitable Bank is a Financial Services company based in Toronto (Canada) founded in 1970. Commercial banking services are provided throughout Canada. It operates on a Subscription Services, Commission-Based, and FinTech model. Equitable Bank has completed 3 acquisitions, including ACM Advisors, Concentra and Wyth Financial. Its website equitablebank.ca draws about 146 thousand monthly visits. Equitable Bank offers products and services including Residential Mortgages, Reverse Mortgages, Commercial Lending, Insurance Lending, and Savings and Investments. Its focus areas include Financials, Banking and Retail Banking. Its competitors include BMO, Scotiabank and RBC Royal Bank.
Company details
Equitable Bank is established as Canadas Challenger Bank, providing a wide range of financial services. Residential mortgages are offered to support home ownership across various demographics. Commercial lending solutions are tailored for businesses from startups to large enterprises. Reverse mortgages are provided to unlock tax-free cash from home equity for seniors. Insurance lending options are made available to access funds from life insurance policies. Additionally, savings and investment products, including high interest savings accounts and GICs, are offered to grow wealth. The bank operates in the financial sector with a focus on innovative banking solutions.
- Headquarters Toronto, Canada
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website equitablebank.ca
- Social LinkedIn YouTube
- Legal Name Equitable Bank
- Latest Funding Round$200M (USD), Debt – Conventional
Sep 2019
- InvestorsCanadian Imperial Bank of Commerce
& 6 more
- Investments & AcquisitionsACM Advisors
& 2 more
Products & Services of Equitable Bank
Equitable Bank offers a comprehensive portfolio of products and services, including Residential Mortgages, Reverse Mortgages, Commercial Lending, Insurance Lending, and Savings and Investments.
Mortgage solutions are provided for home ownership goals.
Tax-free cash is unlocked from home equity assets.
Financing is tailored for businesses of all sizes.
Flexible loans are offered against insurance policy values.
High interest accounts and GICs are provided here.
Apps and channels of Equitable Bank
its YouTube channel Equitable Bank has 148 subscribers and 30 videos.
Videos from Equitable Bank
The most watched videos on Equitable Bank's YouTube channel, Equitable Bank (148 subscribers). Click a video to play it here.
More on Equitable Bank.
Funding Insights of Equitable Bank
- Total Rounds 5
- Last Round Debt – Conventional — $200M
- First Round $150M
(Apr 2017)
- Investors Count 7
All 5 funding rounds of Equitable Bank 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 |
|---|---|---|---|---|---|
| Sep 2019 | $200M | Debt – Conventional | – | – | – |
| Jun 2019 | $400M | Debt – Conventional | – | – | |
| Apr 2019 | $150M | Debt – Conventional | – | – | – |
| Jun 2017 | $2B | Post-IPO | – | – | |
| Apr 2017 | $150M | Debt – Conventional | – | – | – |
7 investors in total: 7 institutional.
Investors in Equitable Bank
Equitable Bank has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Scotiabank and National Bank of Canada.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services are offered through diverse subsidiaries. | 1955 | td.com | Portland, United States | |
BMO is recognized as a leading financial services provider in Canada. | 1817 | bmo.com | Toronto, Canada | |
Financial solutions are provided by CIBC Capital Markets globally. | 1867 | cibccm.com | Canada, United States | |
Commercial bank | 1859 | nbc.ca | Montreal, Canada | |
Commercial banking services are provided internationally by Scotiabank. | 1832 | scotiabank.com | Toronto, Canada | |
Commercial banking services are provided to individuals and businesses. | 1867 | cibc.com | Toronto, Canada | |
Commercial banking services are provided to businesses and individuals. | 1864 | rbcroyalbank.com | Halifax, Canada |
Investor details for Equitable Bank
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Investments & Acquisitions by Equitable Bank
Equitable Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ACM Advisors, Concentra and Wyth Financial.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Financial advisory services are offered in real estate and investments. | acma.ca | Vancouver, Canada | 1993 | Oct 2023 | •••• | |
Wyth Financial, a trade name of Concentra Bank, is operated as a provider of financial savings and investment products in Canada. | wyth.ca | Saskatoon, Canada | 2019 | Feb 2022 | •••• | |
Concentra Bank is operated as a financial services provider in Canada. | concentra.ca | Saskatoon, Canada | 2005 | Feb 2022 | $368.15M |
Complete acquisition details for Equitable Bank
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Timeline of Equitable Bank
6 dated milestones of Equitable Bank across 53 years, from founding to its latest funding, stage changes and deals.
- Founded Equitable Bank is founded.
- Funding First funding round of $150.0M.
- Funding Latest funding round, Debt – Conventional, of $200.0M.
- Acquisition Acquires Concentra.
- Acquisition Acquires Wyth Financial.
- Acquisition Acquires ACM Advisors.
Competitors of Equitable Bank
Equitable Bank has 3 listed competitors in our database. They include BMO, Scotiabank and RBC Royal Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bmo.com | 1817 | Toronto, Canada | 16,140 | BMO is recognized as a leading financial services provider in Canada. | ||
| scotiabank.com | 1832 | Toronto, Canada | 88,645 | Commercial banking services are provided internationally by Scotiabank. | ||
| rbcroyalbank.com | 1864 | Halifax, Canada | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of Equitable Bank
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Web traffic of Equitable Bank
The website of Equitable Bank (equitablebank.ca) receives about 145.7K visits a month.
- Monthly visits145.7K
▲ 51.1% vs previous month
Websites whose visitors overlap most with Equitable Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eqbank.ca | 100% | 1.8M | #23,842 | View details | |
| wealthsimple.com | 58% | 10.9M | #5,448 | View details | |
| bnc.ca | 53% | #4,749 | View details | ||
| fct.ca | 50% | #1,122,043 | View details | ||
reversemortgagepros.ca | reversemortgagepros.ca | 50% | #1,539,742 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Equitable Bank
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- Audience overlap
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Related news about Equitable Bank
Complete news archive for Equitable Bank
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Frequently Asked Questions about Equitable Bank
Equitable Bank was founded in 1970 and raised its 1st funding round 47 years after it was founded.
Equitable Bank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Equitable Bank is established as Canadas Challenger Bank, providing a wide range of financial services. Residential mortgages are offered to support home ownership across various demographics. Commercial lending solutions are tailored for businesses from startups to large enterprises. Reverse mortgages are provided to unlock tax-free cash from home equity for seniors. Insurance lending options are made available to access funds from life insurance policies. Additionally, savings and investment products, including high interest savings accounts and GICs, are offered to grow wealth. The bank operates in the financial sector with a focus on innovative banking solutions.
Equitable Bank's top competitors include Scotiabank, BMO and RBC Royal Bank.
Equitable Bank offers Residential Mortgages, Reverse Mortgages, Commercial Lending, Insurance Lending, and Savings and Investments.
Equitable Bank has made 3 acquisitions, including ACM Advisors, Concentra, and Wyth Financial.
Equitable Bank has 7 investors. Key investors include Canadian Imperial Bank of Commerce, Scotiabank, National Bank of Canada, BMO, and RBC Royal Bank.
Equitable Bank operates through Equitable Bank.
The website of Equitable Bank receives about 146 thousand visits a month.