About AB Microfinance Bank Nigeria
AB Microfinance Bank Nigeria is a company based in Lagos (Nigeria) founded in 2008.. AB Microfinance Bank Nigeria offers products and services including Micro Loans, SME Loans, Mobile Banking, Savings Account, and Housing Loans. AB Microfinance Bank Nigeria operates in a competitive market with competitors including Moniepoint, Gojo, GE Capital, The Bank of Industry and VFD Microfinance Bank, among others.
- Headquarter Lagos, Nigeria
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Ab Microfinance Bank Nigeria Limited
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$4.9 M (USD), Debt – Conventional
Feb 19, 2014
-
Investors
International Finance Corporation
& 1 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of AB Microfinance Bank Nigeria
AB Microfinance Bank Nigeria offers a comprehensive portfolio of products and services, including Micro Loans, SME Loans, Mobile Banking, Savings Account, and Housing Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides small loans to support entrepreneur business growth
Offers loans for small and medium enterprises expansion
App for free, secure transactions and account management
Provides competitive interest rates for personal savings
Facilitates loans for housing and property needs
Unlock access to complete
Unlock access to complete
Funding Insights of AB Microfinance Bank Nigeria
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $4.9M
-
First Round
First Round
(01 Jun 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Debt – Conventional - AB Microfinance Bank Nigeria | Valuation |
investors |
|
| Jun, 2012 | Amount | Debt – Conventional - AB Microfinance Bank Nigeria | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AB Microfinance Bank Nigeria
AB Microfinance Bank Nigeria has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation and BIO Invest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
Founded Year | Domain | Location | |
|
Private equity and funds of funds
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by AB Microfinance Bank Nigeria
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - AB Microfinance Bank Nigeria
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ab Microfinance Bank Nigeria Comparisons
Competitors of AB Microfinance Bank Nigeria
AB Microfinance Bank Nigeria operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, Gojo, GE Capital, The Bank of Industry and VFD Microfinance Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Microcredit is extended to individuals and businesses in need.
|
|
| domain | founded_year | HQ Location |
Commercial aircraft and equipment leasing and lending services are provided.
|
|
| domain | founded_year | HQ Location |
Business loans are provided to support industrial development in Nigeria.
|
|
| domain | founded_year | HQ Location |
Operates as a microfinance bank offering accessible financial services to individuals.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ab Microfinance Bank Nigeria
Frequently Asked Questions about AB Microfinance Bank Nigeria
When was AB Microfinance Bank Nigeria founded?
AB Microfinance Bank Nigeria was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is AB Microfinance Bank Nigeria located?
AB Microfinance Bank Nigeria is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of AB Microfinance Bank Nigeria?
Klaus Mueller is the current CEO of AB Microfinance Bank Nigeria.
What does AB Microfinance Bank Nigeria do?
AB Microfinance Bank Nigeria was established in 2008 as a foreign-owned institution in the microfinance sector. Operations are based in Lagos, Nigeria, where financial services are provided to micro, small, and medium-sized enterprises. These services encompass term deposits, savings accounts, current accounts, micro loans, housing loans, and debit cards, supporting business and personal needs in the region.
Who are the top competitors of AB Microfinance Bank Nigeria?
AB Microfinance Bank Nigeria's top competitors include Gojo, Moniepoint and GE Capital.
What products or services does AB Microfinance Bank Nigeria offer?
AB Microfinance Bank Nigeria offers Micro Loans, SME Loans, Mobile Banking, Savings Account, and Housing Loans.
Who are AB Microfinance Bank Nigeria's investors?
AB Microfinance Bank Nigeria has 2 investors. Key investors include International Finance Corporation, and BIO Invest.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.