EQIBank is a global digital bank that offers traditional banking services, including multi-currency accounts and custody solutions, specifically designed for corporations and businesses operating internationally. By providing secure online banking and 24/7 access to funds, EQIBank addresses the challenges of managing financial operations across different jurisdictions without direct taxation.
Funding
$16.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Corporations and high-net-worth individuals operating internationally face challenges in managing finances across multiple jurisdictions due to currency fluctuations, complex cross-border transactions, and the need for multiple banking relationships. Traditional banking systems often lack the unified platform needed for efficient global financial management.
Solution
EQIBank provides a digital banking platform designed for corporations and high-net-worth individuals requiring international financial solutions. It offers multi-currency accounts that allow users to hold, send, and receive funds in various currencies, including Euros and US dollars, from a single account. The platform streamlines cross-border transactions, reduces currency exchange risks, and provides 24/7 access to funds. EQIBank combines digital technology with offshore financial services, offering a unified approach to global banking needs.
Target Audience
The primary target audience includes corporations operating in the Eurozone and high-net-worth individuals with international financial needs.
Features
- Multi-currency accounts supporting a wide range of currencies, including stablecoins
- Global Secured Credit Card from Visa, enabling international spending and access to funds
- Collateral-backed financing options secured on listed securities or crypto
- OTC (Over-the-Counter) services for digital asset transactions
- Custody services maintaining a relationship with Fidelity Investments through a Toronto-based licensed and regulated broker
- SWIFT-enabled accounts for secure money transfers
- API solutions tailored to customer needs, from accounting to payroll
- Online and Mobile banking with 24/7 availability