EQIBank Closes Oversubscribed $12.5 Million Series A Round Led by Canaccord Genuity and Gravitas Securities

Mar 24, 2021 | PRESS RELEASE

EQIBank Closes Oversubscribed $12.5 Million Series A Round Led by Canaccord Genuity and Gravitas Securities

 

EQIBank, one of the world’s leading digital banks, announced today the closing of an oversubscribed Series A investment of CAD$12.5 million, far exceeding its original CAD$7 million target, led by Canaccord Genuity and Gravitas Securities. The financing will be used to fund EQIBank’s continued global expansion and for further investment in its proprietary banking platform.

Founded in 2015, EQIBank is a global but personal digital bank focused on emerging affluent, mass affluent, high net worth, and corporate clients. Banking clients in over 180 countries worldwide, EQIBank is at the forefront of leveraging digital technology to shape the future of global banking.

Jason Blick, CEO of EQIBank, commented, “EQIBank strives to provide more financial solutions to more countries than any other digital bank, and this latest investment will allow us to further support clients in over 180 countries across the globe. Whether its accounts, cards, loans, custody, the purchase and sale of cryptocurrency, stable-coins, or even Banking as a Service (BaaS), EQIBank is at the cutting edge of digital banking.”

About EQIBank

Since its launch in 2015, EQIBank is the world’s digital bank, offering a variety of bank accounts, credit cards, loans, traditional custody assets, digital custody, multi asset exchange, stable coins, and DeFi products.

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