About Absa Group
Absa Group is a company based in Johannesburg (South Africa) founded in 1986 was acquired by Barclays in December 2005.. Absa Group has completed 2 acquisitions, including Global Alliance and Lease Plan Fleet Management. Absa Group offers products and services including Banking Services and Investment Services.
- Headquarter Johannesburg, South Africa
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Absa Group Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Global Alliance
& 1 more
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Acquired by
Barclays
(Dec 22, 2005)
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Products & Services of Absa Group
Absa Group offers a comprehensive portfolio of products and services, including Banking Services and Investment Services. 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.
Banking services are offered for personal and business needs, covering transactions and accounts
Investment services are provided for capital and risk management to support investors
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Software Development Team
220 people
Leadership Team
83 people
Finance and Accounting
42 people
Sales and Marketing
32 people
Data Analysis and Operations Team
31 people
Senior Team
30 people
Head Team
29 people
Product Management Team
27 people
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Funding Insights of Absa Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Absa Group
Absa Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Barclays. 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 |
|---|---|---|---|---|
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Diversified financial services are provided across global markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Absa Group
Absa Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Global Alliance and Lease Plan Fleet Management. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fleet management solutions, including leasing and maintenance, are provided.
|
1998 | ||||
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Multiple life and non-life insurance products are offered in Mozambique.
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1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Absa Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Absa Group Comparisons
Competitors of Absa Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Absa Group
When was Absa Group founded?
Absa Group was founded in 1986.
Where is Absa Group located?
Absa Group is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Who is the current CEO of Absa Group?
Arrie Rautenbach is the current CEO of Absa Group.
What does Absa Group do?
Absa Group was established in 1986 in Johannesburg, South Africa, as a financial holding company. Operations span banking, investment management, and insurance sectors, with a primary focus on African markets. Services include retail and corporate banking, asset management, and risk coverage solutions. In 2022, annual revenues reached 9.74 billion, while net profit stood at 1.26 billion. The group is led by CEO Arrie Rautenbach.
What products or services does Absa Group offer?
Absa Group offers Banking Services and Investment Services.
How many acquisitions has Absa Group made?
Absa Group has made 2 acquisitions, including Global Alliance, and Lease Plan Fleet Management.
Who are Absa Group's investors?
Absa Group has 1 investor. Key investors include Barclays.
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