About AfrAsia Bank
AfrAsia Bank is a company based in Port Louis (Mauritius) founded in 2007 by Thierry Vallet was acquired by The Access Bank UK in November 2024.. AfrAsia Bank offers products and services including Private Banking, Corporate Cash Management, Investment Solutions, and International Banking. AfrAsia Bank operates in a competitive market with competitors including Investec, Scotiabank, MCB, State Bank of Mauritius and MauBank, among others.
- Headquarter Port Louis, Mauritius
- Founders Thierry Vallet
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Afrasia Bank 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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Acquired by
The Access Bank UK
(Nov 14, 2024)
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Products & Services of AfrAsia Bank
AfrAsia Bank offers a comprehensive portfolio of products and services, including Private Banking, Corporate Cash Management, Investment Solutions, and International Banking. 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.
Manages individual wealth and accounts for high-net-worth clients.
Handles cash flow and treasury for corporate entities.
Provides investment options and advisory for clients.
Facilitates cross-border transactions and services.
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Funding Insights of AfrAsia Bank
| 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 AfrAsia Bank
AfrAsia Bank has secured backing from 1 investor. Prominent investors backing the company include The Access Bank UK. 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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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 AfrAsia Bank
| 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 - AfrAsia Bank
| 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 |
Afrasia Bank Comparisons
Competitors of AfrAsia Bank
AfrAsia 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 Investec, Scotiabank, MCB, State Bank of Mauritius and MauBank, 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 |
Global banking, investment, and wealth management services are offered worldwide.
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Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Mauritius since 1838.
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| domain | founded_year | HQ Location |
Diversified banking and financial services are provided in Mauritius.
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Operates as a commercial bank, offering deposits, loans, and payment services to customers.
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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 Afrasia Bank
Frequently Asked Questions about AfrAsia Bank
When was AfrAsia Bank founded?
AfrAsia Bank was founded in 2007.
Where is AfrAsia Bank located?
AfrAsia Bank is headquartered in Port Louis, Mauritius.
What does AfrAsia Bank do?
AfrAsia Bank was established in 2007 in Port Louis, Mauritius, as a commercial bank. Core operations encompass deposit accounts, lending, and payment services for corporate and retail clients. The institution focuses on regional financial needs within the African and Asian corridors. Leadership is provided by Founder and General Manager Thierry Vallet, with activities centered in Mauritius to support local and international transactions.
Who are the top competitors of AfrAsia Bank?
AfrAsia Bank's top competitors include Investec, Scotiabank and MCB.
What products or services does AfrAsia Bank offer?
AfrAsia Bank offers Private Banking, Corporate Cash Management, Investment Solutions, and International Banking.
Who are AfrAsia Bank's investors?
AfrAsia Bank has 1 investor. Key investors include The Access Bank UK.