About Meridian
Meridian is a company based in Toronto (Canada) founded in 2005. It operates as a Subscription Services, and Commission-Based. Meridian offers products and services including Personal Banking Accounts, Credit Cards, Mortgages, and Investments. Meridian operates in a competitive market with competitors including Coast Capital Savings, FirstOntario, Innovation Credit Union, Coastal Community Credit Union and Prospera Credit Union, 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 Meridian Credit Union
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$125 M (USD), Debt – Conventional
Feb 25, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of Meridian
Meridian offers a comprehensive portfolio of products and services, including Personal Banking Accounts, Credit Cards, Mortgages, and Investments. 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.
Various chequing and savings accounts are offered here.
Multiple Visa credit cards are provided for customers.
Different mortgage options are available for home buyers.
Investment plans and GICs are offered for savings.
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Software Development Team
61 people
Leadership Team
49 people
Finance and Accounting
38 people
Senior Team
28 people
Sales and Marketing
15 people
Human Resources and Administration
13 people
Legal and Compliance
11 people
Operations Team
9 people
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Funding Insights of Meridian
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $125.0M
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First Round
First Round
(25 Feb 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2020 | Amount | Debt – Conventional - Meridian | Valuation |
investors |
| 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 |
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Investors in Meridian
Meridian has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Caisse de depot et placement du Quebec. 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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Investment strategies are provided across diverse asset classes and markets.
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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 Meridian
| 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 - Meridian
| 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 |
Meridian Comparisons
Competitors of Meridian
Meridian 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 Coast Capital Savings, FirstOntario, Innovation Credit Union, Coastal Community Credit Union and Prospera Credit Union, 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 |
Functions as a credit union providing financial services to members.
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Provides personal and business banking, loans, investments, and insurance options.
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Offers no-fee accounts, loans, mortgages, savings, and community financial support services.
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Provides personal and business banking, loans, investments, and insurance services.
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Financial services are offered to members by Prospera Credit Union.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Meridian
Frequently Asked Questions about Meridian
When was Meridian founded?
Meridian was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Where is Meridian located?
Meridian is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Meridian do?
Meridian Credit Union is established as a provider of comprehensive financial services in Canada. Personal and business banking solutions are offered, including chequing and savings accounts, credit cards, mortgages, loans, and investment options. Various sectors such as retail, commercial real estate, and manufacturing are served through tailored financing and industry expertise. Digital banking enhancements, mobile apps, and sustainable investing options are also provided to over 380,000 members across Ontario.
Who are the top competitors of Meridian?
Meridian's top competitors include Prospera Credit Union, Libro Credit Union and Coast Capital Savings.
What products or services does Meridian offer?
Meridian offers Personal Banking Accounts, Credit Cards, Mortgages, and Investments.
Who are Meridian's investors?
Meridian has 1 investor. Key investors include Caisse de depot et placement du Quebec.