About VersaBank
VersaBank is a company based in London (Canada) founded in 1980.. The company has 121 employees as of October 31, 2024. VersaBank has completed 1 acquisition, including Stearns Bank. VersaBank offers products and services including Digital Banking Platform and Lending Solutions. VersaBank operates in a competitive market with competitors including Jewel Bank and Southernend Bank, among others.
- Headquarter London, Canada
- Employees 121 as on 31 Oct, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Versabank
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Annual Revenue
$216.83 M (USD)0as on Oct 31, 2025
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Net Profit
$20.29 M (USD)0as on Oct 31, 2025
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
121
as on Oct 31, 2024
- Investments & Acquisitions
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IPO & Listings of VersaBank
VersaBank is a publicly listed company on the TSX with ticker symbol VBNK 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 VersaBank
VersaBank offers a comprehensive portfolio of products and services, including Digital Banking Platform and Lending Solutions. 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 deposit and lending solutions via technology
Offers loans to financial intermediaries in North America
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Leadership Team
13 people
Software Development Team
8 people
Finance and Accounting
5 people
Human Resources and Administration
2 people
Board Team
1 people
Chair Team
1 people
Sales and Marketing
1 people
Legal and Compliance
1 people
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Funding Insights of VersaBank
| 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 VersaBank
VersaBank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Stearns Bank. 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.
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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 |
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Commercial banking services are provided in the United States.
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1912 |
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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 - VersaBank
| 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 |
Versabank Comparisons
Competitors of VersaBank
VersaBank 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 Jewel Bank and Southernend 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 |
Digitally native bank for digital asset investors and market makers
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| domain | founded_year | HQ Location |
Offers digital banking solutions tailored for enterprise clients.
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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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| 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 Versabank
Frequently Asked Questions about VersaBank
When was VersaBank founded?
VersaBank was founded in 1980.
Where is VersaBank located?
VersaBank is headquartered in London, Canada. It is registered at London, Ontario, Canada.
How many employees does VersaBank have?
As of Oct 31, 2024, the latest employee count at VersaBank is 121.
What is the annual revenue of VersaBank?
Annual revenue of VersaBank is $216.83M as on Oct 31, 2025.
What does VersaBank do?
VersaBank was founded in 1980 in London, Canada, and operates in the financial services sector as a digital bank focused on businesses. A range of products is provided, including investment certificates, savings accounts, retirement savings plans, lease and loan portfolio financing, corporate loans, and project financing. Agency-based services are delivered to end customers through a network of financial advisors and deposit brokers.
Who are the top competitors of VersaBank?
VersaBank's top competitors include Jewel Bank and Southernend Bank.
What products or services does VersaBank offer?
VersaBank offers Digital Banking Platform and Lending Solutions.
Is VersaBank publicly traded?
Yes, VersaBank is publicly traded on TSX under the ticker symbol VBNK.
How many acquisitions has VersaBank made?
VersaBank has made 1 acquisition, including Stearns Bank.
What is VersaBank's ticker symbol?
The ticker symbol of VersaBank is VBNK on TSX.