About Access Bank
Access Bank is a company based in Lagos (Nigeria) founded in 1989.. The company has 113 employees as of December 31, 2022. Access Bank has completed 14 acquisitions, including Access Bank Botswana, Access Bank Tanzania and Bidvest Bank. Access Bank offers products and services including Mobile Banking, Personal Loans, and Business Accounts. Access Bank operates in a competitive market with competitors including Scotiabank, Fidelity Bank, First National Bank Ghana, First Atlantic Bank and Agricultural Development Bank, among others.
- Headquarter Lagos, Nigeria
- Employees 113 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Access Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$93.8 M (USD), Debt – Conventional
Aug 19, 2020
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Investors
European Investment Bank
& 8 more
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Employee Count
113
as on Dec 31, 2022
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Investments & Acquisitions
Access Bank Botswana
& 13 more
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Products & Services of Access Bank
Access Bank offers a comprehensive portfolio of products and services, including Mobile Banking, Personal Loans, and Business Accounts. 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.
Platform for secure transactions and account management via app
Financial products for individual borrowing and repayment needs
Tools for managing corporate finances and transactions
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Funding Insights of Access Bank
- Total Funding Total Funding
- Total Rounds 10
- Last Round Debt – Conventional — $93.8M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Debt – Conventional - Access Bank | Valuation |
investors |
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| Jul, 2019 | Amount | Debt – Conventional - Access Bank | Valuation |
investors |
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| Mar, 2019 | Amount | Debt – Conventional - Access Bank | Valuation |
investors |
| 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 Access Bank
Access Bank has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include European Investment Bank, Norfund and FMO. 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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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location | |
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Impact investing is managed through private equity by Symbiotics Group.
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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 Access Bank
Access Bank has strategically engaged in corporate development activities, having acquired 14 companies. Notable acquisitions include Access Bank Botswana, Access Bank Tanzania and Bidvest Bank. 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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Digital payment solutions for businesses are provided.
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2020 | ||||
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Commercial banking services are provided in Uganda.
|
2013 | ||||
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Commercial banking services are provided to businesses and individuals.
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Access Bank
| 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 |
Access Bank Comparisons
Competitors of Access Bank
Access Bank 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, Fidelity Bank, First National Bank Ghana, First Atlantic Bank and Agricultural Development 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 |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Retail banking services are provided to customers in Ghana.
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| domain | founded_year | HQ Location |
Commercial banking services are provided across Ghana.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Operates as a commercial bank providing deposits, loans, and payment services to customers.
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| 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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Latest news on Access Bank
Frequently Asked Questions about Access Bank
When was Access Bank founded?
Access Bank was founded in 1989 and raised its 1st funding round 25 years after it was founded.
Where is Access Bank located?
Access Bank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Access Bank?
Roosevelt Ogbonna is the current CEO of Access Bank.
How many employees does Access Bank have?
As of Dec 31, 2022, the latest employee count at Access Bank is 113.
What does Access Bank do?
Access Bank was established in 1989 as a commercial bank headquartered in Lagos, Nigeria. Operations are focused on providing retail, corporate, and investment banking services across the country and select international markets. Standard banking products, including deposits, loans, and digital solutions, are extended to individual and business clients. Leadership is held by CEO Roosevelt Ogbonna, with activities regulated under Nigerian financial authorities.
Who are the top competitors of Access Bank?
Access Bank's top competitors include Scotiabank, Fidelity Bank and Guaranty Trust Bank.
What products or services does Access Bank offer?
Access Bank offers Mobile Banking, Personal Loans, and Business Accounts.
How many acquisitions has Access Bank made?
Access Bank has made 14 acquisitions, including Access Bank Botswana, Access Bank Tanzania, and Bidvest Bank.
Who are Access Bank's investors?
Access Bank has 9 investors. Key investors include European Investment Bank, Norfund, FMO, Swedfund, and Proparco.
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