Access Bank Tanzania
About Access Bank Tanzania
Access Bank Tanzania is a company founded in 2010 was acquired by Access Bank in July 2023. It operates as a FinTech, and Commission-Based. Access Bank Tanzania offers products and services including Current Account, Savings Account, Loans, Insurance, and Cards. Access Bank Tanzania operates in a competitive market with competitors including Scotiabank, CRDB Bank, NMB Bank, Akiba Commercial Bank and Azania Bank, among others.
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Access Bank Tanzania 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
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Investors
Access Bank
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Access Bank Tanzania
Access Bank Tanzania offers a comprehensive portfolio of products and services, including Current Account, Savings Account, Loans, Insurance, and Cards. 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.
Personal current accounts are offered for financial transactions.
Savings accounts are provided for investment and saving needs.
Various loans are offered to support financial plans.
Insurance products are provided for protection against risks.
Debit and prepaid cards are issued for transactions.
Funding Insights of Access Bank Tanzania
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Access Bank Tanzania
Access Bank Tanzania has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Access Bank and KCB Group. 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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Financial services are provided through subsidiaries across East Africa.
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Commercial banking services are offered in Nigeria.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Access Bank Tanzania
| 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 |
Financial Statements - Access Bank Tanzania
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Access Bank Tanzania Comparisons
Competitors of Access Bank Tanzania
Access Bank Tanzania 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 Scotiabank, CRDB Bank, NMB Bank, Akiba Commercial Bank and Azania 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 |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided by CRDB Bank in Tanzania.
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Commercial banking services are provided in Tanzania since 2005.
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Commercial banking services are provided to clients in Tanzania.
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Provides banking services for personal and business needs in Tanzania.
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Microfinance services are extended to underserved clients in Tanzania.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Access Bank Tanzania
Frequently Asked Questions about Access Bank Tanzania
When was Access Bank Tanzania founded?
Access Bank Tanzania was founded in 2010.
What does Access Bank Tanzania do?
Access Bank Tanzania is involved in offering a wide range of banking and financial services. Personal and business banking solutions are provided, including current accounts, savings accounts, loans, and cards. Insurance products covering life, medical, and motor risks are also offered. The bank operates in multiple sectors, focusing on financial inclusion and sustainability. Various digital and agency banking options are made available for convenient access. Operations are primarily based in Tanzania, with branches in several cities to support both individual and corporate clients.
Who are the top competitors of Access Bank Tanzania?
Access Bank Tanzania's top competitors include Scotiabank, CRDB Bank and Akiba Commercial Bank.
What products or services does Access Bank Tanzania offer?
Access Bank Tanzania offers Current Account, Savings Account, Loans, Insurance, and Cards.
Who are Access Bank Tanzania's investors?
Access Bank Tanzania has 2 investors. Key investors include Access Bank, and KCB Group.
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