About African Development Bank Group
African Development Bank Group is a company based in Abidjan (Cote D'ivoire) founded in 1964.. African Development Bank Group operates in a competitive market with competitors including Axis Bank, Metro Bank, Bandhan Bank, HDFC Bank and Alpha Bank, among others.
- Headquarter Abidjan, Cote D'ivoire
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$47.11 M (USD), Grant
Dec 31, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of African Development Bank Group
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $47.1M
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First Round
First Round
(01 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2021 | Amount | Grant - African Development Bank Group | Valuation |
investors |
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| Jul, 2021 | Amount | Grant - African Development Bank Group | Valuation |
investors |
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| Dec, 2020 | Amount | Grant - African Development Bank Group | 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 African Development Bank Group
African Development Bank Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 African Development Bank Group
| 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 - African Development Bank Group
| 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 |
African Development Bank Group Comparisons
Competitors of African Development Bank Group
African Development Bank Group 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 Axis Bank, Metro Bank, Bandhan Bank, HDFC Bank and Alpha 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 |
Provider of a commercial banking services
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Commercial banking services are provided in the United Kingdom.
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Personal and business banking services are offered to underbanked markets.
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Commercial and personal banking services are offered by HDFC Bank.
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Alpha Bank is recognized as a leading financial institution in Greece.
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
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 African Development Bank Group
Frequently Asked Questions about African Development Bank Group
When was African Development Bank Group founded?
African Development Bank Group was founded in 1964 and raised its 1st funding round 55 years after it was founded.
Where is African Development Bank Group located?
African Development Bank Group is headquartered in Abidjan, Cote D'ivoire.
What does African Development Bank Group do?
The African Development Bank Group was founded in 1964 and is headquartered in Abidjan, Ivory Coast. Operations are centered on providing loans, equity investments, and technical assistance to promote sustainable economic growth in Africa. Focus areas include infrastructure, agriculture, energy, and private sector initiatives, with services extended to 54 African member countries and regional partners. Governance involves executive directors representing member states.
Who are the top competitors of African Development Bank Group?
African Development Bank Group's top competitors include Metro Bank, Truist and Yes Bank.
Who are African Development Bank Group's investors?
African Development Bank Group has 1 investor. Key investors include European Union.
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