About Aldermore Bank
Aldermore Bank is a company based in Wilmslow (United Kingdom) founded in 2009 was acquired by FirstRand in October 2017.. Aldermore Bank has raised $218.26 million across 4 funding rounds from investors including Honeywell, Morgan Stanley and FirstRand. Aldermore Bank has completed 1 acquisition, including Unite People. Aldermore Bank offers products and services including Personal Savings Accounts, Mortgages, Business Finance, and Motor Finance. Aldermore Bank operates in a competitive market with competitors including Starling Bank, Monzo, Metro Bank, Atom bank and Investec, among others.
- Headquarter Wilmslow, United Kingdom
- Stage Public
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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 Aldermore Bank Plc
- Date of Incorporation 10 Feb, 1969
- Jurisdiction READING
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Products & Services of Aldermore Bank
Aldermore Bank offers a comprehensive portfolio of products and services, including Personal Savings Accounts, Mortgages, Business Finance, and Motor Finance. 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.
Accounts offering competitive interest rates for individual savers
Loans for residential and buy-to-let property purchases
Funding solutions for business growth and operations
Financing options for vehicles like cars and motorcycles
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Software Development Team
44 people
Leadership Team
18 people
Finance and Accounting
16 people
Head Team
13 people
Product Management Team
12 people
Operations Team
10 people
Sales and Marketing
6 people
Legal and Compliance
5 people
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Funding Insights of Aldermore Bank
Aldermore Bank has successfully raised a total of $218.26M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $60.61 million completed in January 2014. 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 4
- Last Round Private Equity Round — $60.6M
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First Round
First Round
(01 Jul 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2014 | Amount | Private Equity Round - Aldermore Bank | Valuation |
investors |
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| May, 2012 | Amount | Debt – Conventional - Aldermore Bank | Valuation |
investors |
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| Sep, 2011 | Amount | Private Equity Round - Aldermore Bank | Valuation | Goldman Sachs Asset Management , Honeywell |
| 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 Aldermore Bank
Aldermore Bank has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Honeywell, Morgan Stanley and FirstRand. 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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Private equity firm focused on mid-market financial, technology, and business services companies
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Founded Year | Domain | Location | |
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Toscafund is engaged in specialist investment management services.
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Founded Year | Domain | Location | |
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Offers fundamental equity investing and management for institutional clients since 1998.
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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 Aldermore Bank
Aldermore Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Unite People. 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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Recruitment services for the construction sector are provided.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aldermore 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 |
Aldermore Bank Comparisons
Competitors of Aldermore Bank
Aldermore 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 Starling Bank, Monzo, Metro Bank, Atom bank and Investec, 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 |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Internet first bank for individuals and businesses
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| domain | founded_year | HQ Location |
Commercial banking services are provided in the United Kingdom.
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| domain | founded_year | HQ Location |
Digital banking services are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aldermore Bank
Frequently Asked Questions about Aldermore Bank
When was Aldermore Bank founded?
Aldermore Bank was founded in 2009.
Where is Aldermore Bank located?
Aldermore Bank is headquartered in Wilmslow, United Kingdom. It is registered at Wilmslow, Cheshire, United Kingdom.
Who is the current CEO of Aldermore Bank?
Phillip Monks is the current CEO of Aldermore Bank.
Is Aldermore Bank a funded company?
Aldermore Bank is a funded company, having raised a total of $218.26M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $83.68M, raised on Jul 01, 2009.
What does Aldermore Bank do?
Aldermore Bank was founded in 2009 and is headquartered in Wilmslow, United Kingdom. Commercial banking services are provided, with a focus on small and medium-sized enterprises through savings accounts, mortgages, and specialist lending. Products include asset finance, invoice finance, SME commercial mortgages, and residential mortgages. Customers and intermediaries are served online, by telephone, and in person via regional offices across the UK.
Who are the top competitors of Aldermore Bank?
Aldermore Bank's top competitors include Revolut, Monzo and Starling Bank.
What products or services does Aldermore Bank offer?
Aldermore Bank offers Personal Savings Accounts, Mortgages, Business Finance, and Motor Finance.
How many acquisitions has Aldermore Bank made?
Aldermore Bank has made 1 acquisition, including Unite People.
Who are Aldermore Bank's investors?
Aldermore Bank has 8 investors. Key investors include Honeywell, Morgan Stanley, FirstRand, Goldman Sachs Asset Management, and Toscafund.
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