First Nations Bank of Canada has raised $35.8M in new capital. The Saskatoon-based chartered bank, which focuses on serving the Indigenous marketplace across Canada, confirmed the funding but did not disclose the round type or the investors involved.
The bank is more than 87% Indigenous owned and controlled, and offers personal and business banking - loans, mortgages, registered and non-registered investments, transaction accounts and cash management - to Indigenous and non-Indigenous people, corporations and governments. It is a member of the Canada Deposit Insurance Corporation and the Canadian Payments Association, and an approved mortgage lender with Canada Mortgage and Housing Corporation and the First Nations Market Housing Fund.
