Royal Bank of Canada has announced the launch of RBCx, a full-service platform to accelerate the entrepreneurial journey at every stage of growth – providing access to capital solutions, innovative products and services, and operational expertise to help technology companies scale.
RBCx supports entrepreneurs – from startup to scale up – who are disrupting business models, industries and sectors.
“Now more than ever, entrepreneurs need committed partners to help them navigate the hardest pain points of scaling a technology business,” said Sid Paquette, Head, RBCx. “Created by one of Canada’s largest banks, RBCx is re-imagining how we can create meaningful value for our technology clients.”
RBCx is a holistic market-defining platform that will offer differentiated products and solutions for technology clients across their entire journey from inception to IPO and beyond.
In addition to a specialized banking platform, RBCx clients will have access to RBC market partnerships, innovative capital solutions, specialized operational talent and advice, and RBC’s multifaceted global footprint at their fingertips.
“RBCx has been built to help Canadian tech companies scale. We are importing some VC-like services such as in-house operational experts, new non-dilutive capital products such as venture debt, and adding to RBC’s full suite of services to deliver value to entrepreneurs, their companies, and their employees,” Eamonn Gamble, RBCx’s Western Canada Director told Techcouver.
“In Vancouver, we partner with Launch Academy and have recently become an investor in Version One’s most recent funds. With nine advisors based in Vancouver, we already have the largest presence from a tech-focused financial institution, and will continue to invest in this province’s rapidly growing tech sector.”