“Can a licensed CeDeFi neobank bridge fiat and crypto banking globally while simultaneously selling BaaS infrastructure to other platforms?”
Founded in 2021 as a CeDeFi neobank targeting global crypto users, EQIFi set out to bridge fiat and crypto banking across 180 countries with IBAN accounts, Visa debit cards, a yield aggregator, and OTC trading. The platform quickly expanded into crypto-backed lending and corporate financing (aircraft, yacht, non-recourse loans). The affiliated EQIBank entity extended the model into a full BaaS offering for third-party platforms, positioning the group as both a consumer neobank and a B2B banking infrastructure provider — running compliance, KYC/AML, and card issuing in-house rather than through a third-party sponsor bank.
Eqifi discloses EQIBank (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Eqifi does not disclose a bank charter of its own; its banking services are provided through EQIBank (in-house).
Eqifi moves money over SWIFT and SEPA.
Eqifi's cards run on Visa.
The Embedded Finance Index 2026 maps 4 layers in Eqifi's stack: Money movement (SWIFT and SEPA); Banking / BaaS (EQIBank (in-house)); Card network (Visa); Lending (Crypto-backed loans (DeFi Cryptocurrency Loans, up to 36 months), Corporate loans (secured and unsecured), Yacht and Aircraft loans and Non-recourse loans).
Eqifi was founded by Jason B. (Founder & Executive Chairman) and is founded in 2021, headquartered in Roseau, Dominica.
Eqifi has raised undisclosed (Seed, 2021) in total (latest round: Seed, 2021-05-01).
Get a read on where your own stack stands against Eqifi and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.