About Afreximbank
Afreximbank is a company based in Cairo (Egypt) founded in 1993.. Afreximbank has raised $182 million across 11 funding rounds from investors including HSBC, Standard Chartered and Woori Bank. Afreximbank offers products and services including Trade Financing, Project Financing, Guarantees, and Export Development Advisory. Afreximbank operates in a competitive market with competitors including Scotiabank, CIB Egypt, Banque Misr, Crdit Agricole Egypt and Banque du Caire, among others.
- Headquarter Cairo, Egypt
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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 African Export-Import Bank
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$182 M (USD)
in 11 rounds
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Latest Funding Round
$400 M (USD), Debt – Conventional
Aug 29, 2023
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Investors
HSBC
& 17 more
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Employee Count
Employee Count
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Products & Services of Afreximbank
Afreximbank offers a comprehensive portfolio of products and services, including Trade Financing, Project Financing, Guarantees, and Export Development Advisory. 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 loans for trade and export activities in Africa
Supports infrastructure and industrial projects across continents
Offers trade guarantees to mitigate financial risks
Assists with policies and strategies for export growth
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Funding Insights of Afreximbank
Afreximbank has successfully raised a total of $182M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $400 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $400.0M
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First Round
First Round
(12 May 2017)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Debt – Conventional - Afreximbank | Valuation |
investors |
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| Jun, 2022 | Amount | Series C - Afreximbank | Valuation |
investors |
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| Mar, 2022 | Amount | Debt – Conventional - Afreximbank | Valuation |
investors |
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| 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 Afreximbank
Afreximbank has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, Standard Chartered and Woori Bank. 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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VC & PE firm
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Founded Year | Domain | Location | |
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Development finance offered via long-term lending and bond issuance.
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Founded Year | Domain | Location | |
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Operates as a commercial bank, offering deposits, loans, and payment services.
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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 Afreximbank
| 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 - Afreximbank
| 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 |
Afreximbank Comparisons
Competitors of Afreximbank
Afreximbank 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, CIB Egypt, Banque Misr, Crdit Agricole Egypt and Banque du Caire, 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 |
Commercial banking services are provided across Egypt's private sector.
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| domain | founded_year | HQ Location |
Commercial banking services are offered by Banque Misr in Egypt.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Egypt by this institution.
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| domain | founded_year | HQ Location |
Operates as a commercial bank, offering deposits, loans, and payment services.
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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 Afreximbank
Frequently Asked Questions about Afreximbank
When was Afreximbank founded?
Afreximbank was founded in 1993 and raised its 1st funding round 24 years after it was founded.
Where is Afreximbank located?
Afreximbank is headquartered in Cairo, Egypt.
Is Afreximbank a funded company?
Afreximbank is a funded company, having raised a total of $182M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.2B, raised on May 12, 2017.
What does Afreximbank do?
Afreximbank was established in 1993 and is headquartered in Cairo, Egypt. Operations are focused on the banking sector, with emphasis on trade finance for African economies. Services include export-import financing, project funding, and corporate banking solutions. Activities span multiple African countries, supporting intra- and extra-continental trade through specialized financial products and risk management tools. The institution serves governments, enterprises, and financial intermediaries in the region.
Who are the top competitors of Afreximbank?
Afreximbank's top competitors include Scotiabank, CIB Egypt and Banque Misr.
What products or services does Afreximbank offer?
Afreximbank offers Trade Financing, Project Financing, Guarantees, and Export Development Advisory.
Who are Afreximbank's investors?
Afreximbank has 18 investors. Key investors include HSBC, Standard Chartered, Woori Bank, Shinhan Bank, and KEB Hana Bank.
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