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VersaBank

Banking and Financial Services London, ON, Canada ~620 employees
Founded
--
Employees (Est.)
~620
31 leaders known
Total Funding
$311.3M
Funding Rounds
4
Last Funding
2024-12-24

About VersaBank

VersaBank is a North American bank that operates as the world's first fully digital financial institution. It employs a cloud-based, branchless, business-to-business model using proprietary state-of-the-art technology to address underserved segments of the banking industry. The bank obtains deposits and provides financing digitally through third-party financial intermediaries.

Products & Services

Digital Banking Services:Fully digital financial services offered through a branchless model in Canada and the USA.
Digital Meteor:A digital financial solution or platform mentioned under investor relations.
DRT Cyber:A cybersecurity or technology-related service or division of VersaBank.

Specialties

Digital Banking Cloud-Based Technology Branchless Banking Model Cybersecurity (DRT Cyber)

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Public Offering
T: -
FT: Public Offering 		A: 86250001
MR: -
FA: US$86,250,001
FAN: 86250001 		D: 2024-12-24
FD: 2024-12-24 		3 investors
2 RT: Public Offering of Common Shares
T: -
FT: Public Offering of Common Shares 		A: 75000009
MR: -
FA: US$75,000,009
FAN: 75000009 		D: 2024-12-18
FD: 2024-12-18 		3 investors
3 RT: Public Offering
T: -
FT: Public Offering 		A: 75000009
MR: -
FA: US$75,000,009
FAN: 75000009 		D: 2024-12-16
FD: 2024-12-16 		3 investors
4 RT: Public Offering of Common Shares
T: -
FT: Public Offering of Common Shares 		A: 75000000
MR: -
FA: US$75 million
FAN: 75000000 		D: 2024-12-16
FD: 2024-12-16 		3 investors
Public Offering Latest
2024-12-24
$86.3M
3 investors (Pro only)
Public Offering of Common Shares 2024-12-18
$75.0M
Public Offering 2024-12-16
$75.0M

View 3 more funding rounds with Pro

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

View 3 more growth metrics with Pro

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Team & Leadership

F

Frank J.C. Newbould

Director, Chair of the Board

G

Gabrielle Bochynek

Director

R

Robbert-Jan Brabander

Director

N

Nick Kristo

Chief Credit Officer

D

David A. Bratton

Director

P

Peter M. Irwin

Director

View 28 more team members with Pro

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Recent News

VersaBank Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Read more →

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Banking and Financial Services
Company Size
~620 employees (est.)
Locations
London, ON, Canada
London, Ontario
London, ON +1 more

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Technology Stack

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