About Motus Bank
Motus Bank is a company based in Toronto (Canada) founded in 2018. It operates as a B2C, and Online Services. Motus Bank offers products and services including Online Banking Platform, Savings Accounts, Chequing Accounts, Investing Services, and Mortgages. Motus Bank operates in a competitive market with competitors including EQ Bank, Motive Financial and MAXA Financial, 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 Limited
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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
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Products & Services of Motus Bank
Motus Bank offers a comprehensive portfolio of products and services, including Online Banking Platform, Savings Accounts, Chequing Accounts, Investing Services, and Mortgages. 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.
Secure platform for managing accounts and transactions online
Accounts designed for saving with interest and easy access
Accounts for everyday transactions and payments
Services for managing investments and financial growth
Loans for home purchasing and financing options
Funding Insights of Motus 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 Motus Bank
| 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 - Motus 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 |
Motus Bank Comparisons
Competitors of Motus Bank
Motus 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 EQ Bank, Motive Financial 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 |
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| domain | founded_year | HQ Location |
Online savings accounts and GICs are provided by EQ Bank.
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| 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 |
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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Frequently Asked Questions about Motus Bank
When was Motus Bank founded?
Motus Bank was founded in 2018.
Where is Motus Bank located?
Motus Bank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Motus Bank do?
motusbank is a digital bank that delivers online financial services such as savings accounts, chequing, GICs, investing options, and mortgages. It operates through a user-friendly platform accessible via web and mobile, allowing customers to manage their finances securely. Based in Toronto, Canada, it serves individual members with tools for banking, support, and concern resolution, focusing on accessibility and security.
Who are the top competitors of Motus Bank?
Motus Bank's top competitors include EQ Bank, Motive Financial and MAXA Financial.
What products or services does Motus Bank offer?
Motus Bank offers Online Banking Platform, Savings Accounts, Chequing Accounts, Investing Services, and Mortgages.