EQ Bank launches business card with cashback and high interest for Canadian SMBs.

EQ Bank launched a new product on June 18, 2026.

Primary

EQ Bank

Date

June 18, 2026

Sub-sector

Card Issuing

Shows an incumbent bank entering the SMB card/payments space with competitive rewards, but unlikely to materially shift fundraising or M&A strategy for sub-$250M fintech competitors given EQ Bank's size and regional focus.

Primary company

EQ Bank

Counterparty

Not disclosed

Amount

Not disclosed

Event date

June 18, 2026

Sub-sector

Card Issuing

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

PR Newswire

Source: prnewswire.com