What EQIBank does

EQIBank is a licensed global digital bank operating from Roseau, Commonwealth of Dominica, under the Offshore Banking Act No. 8 of 1996, and is a subsidiary of Cayman-registered EQITrade Limited. Founded in 2015, the bank serves corporate clients, high net worth individuals, institutional investors, and fintech/BaaS partners across 180+ countries with 100+ currencies. The platform combines traditional banking (multi-currency accounts, international payments via SWIFT and SEPA, Visa-secured global credit cards, asset-backed lending, escrow, custody, and wealth management) with digital-asset infrastructure (OTC crypto trading across 10+ liquidity pools, insured cold-storage custody, and support for 100+ coins). Compliance is delivered through integrated AML/KYC, FATCA, and CRS frameworks, with biometric security and behavioral transaction monitoring.

Revenue is generated through a hybrid model spanning subscription (BaaS platform at $35,000/month with partners retaining 90% of net profit), transaction-based fees (0.75% OTC, 1.00% FX on majors, 0.5–1.0% wire fees), account application fees ($1,500 non-refundable), wealth management AUM-linked fees, and an ambassador referral program paying $350 per account plus 10% recurring revenue share. The go-to-market combines direct online sales with dedicated relationship managers, white-label BaaS distribution, and a partner referral program. Office presence spans Dominica, the British Virgin Islands, and the Cayman Islands, with operating reach explicitly excluding sanctioned jurisdictions. Capital structure reflects a private company funded historically through a 2021 ~$9.98M raise led by Canaccord Genuity and Gravitas Securities, with no publicly disclosed revenue, headcount beyond 11–50 employees, or current valuation. In April 2026, EQIBank announced a strategic joint venture with FUTR Corporation to develop an AI-Agent-native digital banking platform targeting 1 million users across 100+ countries within 36 months.

Name

EQIBank

Legal name

EQIBank Limited

Website

https://eqibank.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

EQIBank is a Dominica-licensed global digital bank serving corporates, HNWIs, institutional investors, and fintech partners across 180+ countries with multi-currency accounts, payments, Visa cards, custody, OTC crypto, and white-label BaaS infrastructure.

Ownership category

akta.pro rank

Product category

Global Digital Banking

NAICS

Commercial Banking (52211), Credit Card Issuing (52221), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Personal Credit Institutions (6141)

akta.pro primary industry

Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)

akta.pro secondary industries

Crypto-Backed Business / SME Loans (Secured) (FSADAFAH), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)

Keywords

• Multi-currency banking
• Banking-as-a-service
• Digital asset custody
• Corporate banking services
• OTC crypto trading

Headquarters

HQ city

Roseau

HQ country

Dominica

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Account and Banking Fees: EQIBank generates revenue through multi-currency account application fees (USD 1,500 non-refundable), monthly minimum transaction fees (150), wires in/out (0.50-1.00% with min/max limits), and audit confirmations. Monthly account maintenance is free.
2. OTC Digital Asset Trading: EQIBank charges 0.75% per trade for OTC digital asset trading services, providing institutional investors including investment firms, family offices, hedge funds, and corporate treasuries with bespoke OTC trading services for high-volume trades in digital assets and fiat currencies.
3. Banking-as-a-Service Licensing: BaaS partners pay a monthly platform fee of US$35,000 covering technology, license, compliance operations, AML, KYC, banking operations, and dedicated support. Partners retain 90% of net profit generated by their program.
4. Wealth Management: EQIBank provides clients with a wide range of investment products and services including fixed income products, equities and ETFs, structured notes, options, non-U.S. dollar securities, and alternative investments including funds of hedge funds.
5. FX and Currency Exchange: FX margin of 1.00% for major currency pairs with exotic currencies priced by currency. FX transfers can be set up through the online banking platform for currency conversions.
6. Ambassador Program Referral Revenue: Ambassadors earn US$350 for each account opened by referred clients and 10% of Net Revenue generated from any products used by the client for as long as the client remains with EQIBank.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

EQIBank is a licensed global digital bank offering multi-currency accounts, international payments, Visa-backed secured credit cards, asset-backed lending, custody for traditional and digital assets, escrow services, wealth management, and OTC cryptocurrency trading across 180+ countries and 100+ currencies. It also provides a white-label Banking-as-a-Service platform allowing partners to launch fully branded banks under their own license umbrella within 10 weeks.

Product overview

EQIBank operates as a global digital neobank offering a comprehensive suite of banking services through a unified platform architecture. The core offering includes digital banking with multi-currency accounts (USD, EUR, GBP, CAD, CHF, SGD, CNH), the Global Secured Credit Card (Visa), borrowing/lending services, custody services, escrow accounts, wealth management, and OTC cryptocurrency services. The company also provides a white-label Banking-as-a-Service (BaaS) platform enabling partners to launch full banks under their brand in 10 weeks, keeping 90% of net profits. Recent expansion includes AI-Agent-native digital banking capabilities through a joint venture with FUTR Corporation. Services span over 180 countries with 100+ currencies supported, regulated by the Financial Services Unit of the Commonwealth of Dominica.

Differentiator

Problem solved

Functional benefit

Brands

• Banking-as-a-Service (BaaS): White-label banking solution powered by EQIBank, allowing organizations to launch licensed banking services under their own brand.

Products and services

• Multi-Currency Accounts

Quantifiable outcome

• Partners can scale to 100,000+ users within first year on BaaS platform
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• FUTR CorporationcoreStrategic or Co-development Partner · 1 April 2026Strategic joint venture to develop an AI-Agent-native digital banking platform. FUTR retains 75% ownership and operational control while EQIBank holds 25% through a performance-based arrangement. The venture aims to deliver digital banking services including multiple financial products through the FUTR Agent App in over 100 countries, targeting up to 1 million users within 36 months. Up to 15 million shares issuable to EQIBank tied to technical, legal, and operational milestones including 200,000 funded accounts and 1 million verified active users.
• BequantsupportingTechnology or IntegrationBequant acts as a liquidity provider and potential sub-custodian or execution agent for OTC transactions. The Bank may execute OTC transactions using internal accounts operated in conjunction with liquidity providers including Bequant. EQIBank maintains Digital Asset and fiat currency float balances with designated liquidity providers.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Interactive Brokers: Global multi-asset brokerage offering multi-currency accounts, FX, and institutional trading across 150+ markets. Overlaps with EQIBank's OTC and FX transaction business and HNWI/institutional target segment.
• CIM Bank: Swiss online private bank offering multi-currency accounts, FX, lending, and wealth management to international clients. Comparable offshore-style value proposition and product breadth, though without the digital-asset core that defines EQIBank.
• Brex: US-based corporate-card and banking platform with global capabilities. Comparable in serving internationally active corporates with cards and treasury, though its crypto exposure is more limited than EQIBank's.
• Mercury: US-based digital business-banking platform serving startups and tech companies. Comparable business-banking model and digital-first UX, though constrained to US customers and lacking the crypto/offshore breadth of EQIBank.

Direct peers

• Sygnum Bank: Swiss-licensed digital-asset bank providing multi-currency accounts, crypto custody, lending, and B2B banking services. Directly comparable to EQIBank's asset-backed lending, custody, and multi-currency offering.
• FV Bank: Puerto Rico-headquartered bank serving digital-asset businesses with multi-currency accounts, USD and EUR wires, Visa cards, and custody. Comparable offshore-style jurisdiction positioning targeting crypto and fintech clients.
• Choice Bank: Belize-licensed offshore digital bank serving businesses and HNWIs with multi-currency accounts and international payments. Closest direct offshore-jurisdiction peer to EQIBank, with a similar target-customer profile.
• BCB Group: UK-based regulated business bank purpose-built for crypto and digital-asset firms, offering multi-currency accounts, payments, OTC, and custody. Highly comparable to EQIBank's business-and-digital-asset positioning, though BCB is FCA-regulated in the UK rather than offshore-chartered in Dominica.
• AMINA Bank (formerly SEBA Bank): Swiss FINMA-licensed digital-asset bank offering crypto banking, custody, trading, and tokenization services to institutional and HNWI clients. Closest regulated peer to EQIBank's combined traditional-and-digital-asset banking model.

Emerging players

• Alpaca: API-first brokerage and embedded-finance platform serving fintech developers. Relevant as an emerging BaaS/embedded-banking comparison, though Alpaca focuses on US brokerage infrastructure rather than full-stack regulated banking.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/eqibank
• LinkedInlinkedin.com/company/eqibank
• Instagraminstagram.com/eqibank_finance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EQIBank