Transaction · Neobank · 2025

EQB / PC Financial 2025

EQB Inc. acquired PC Financial for $800M on December 3, 2025.

Target
PC Financial
Acquirer
EQB Inc.
Deal value
$800M
Announced
December 3, 2025
Sub-sector
Neobank

Transaction overview

  • EQB Inc. announced the acquisition of PC Financial on December 3, 2025 for $800M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Expands EQB into credit-card market with 2.5M customers and $5.8B in assets; adds payments capabilities to digital banking platform.

Deal terms & multiples

Deal value
$800M
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
December 3, 2025
Acquirer
EQB Inc. (Strategic)
Sub-sector
Neobank

Frequently asked questions

How much did EQB Inc. pay for PC Financial?

EQB Inc. acquired PC Financial for $800M, announced on December 3, 2025.

When did EQB Inc. announce the acquisition of PC Financial?

EQB Inc. announced the acquisition of PC Financial on December 3, 2025.

What sub-sector is PC Financial in?

PC Financial is tracked in the Neobank sub-sector.

Sources

  • theglobeandmail.com /investing/markets/inside-the-market/article-small-caps-to-watch-d2l-earnings-preview-deals-from-eqb-and-canfor/