About Alsoohar Bank
Alsoohar Bank is a company based in Abu Dhabi (United Arab Emirates) founded in 2004. It operates as a B2C, and B2B. Alsoohar Bank offers products and services including Personal Loan, Money Transfer, Current Account, and Investment Services. Alsoohar Bank operates in a competitive market with competitors including NOW Money, FILPS, Business Community Bank, Silk Chain Capital and Emerald Monument Corporation, among others.
- Headquarter Abu Dhabi, United Arab Emirates
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Sectors
Financial Services
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Website
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Annual Revenue
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Products & Services of Alsoohar Bank
Alsoohar Bank offers a comprehensive portfolio of products and services, including Personal Loan, Money Transfer, Current Account, and Investment Services. 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 non-salary transfer loans up to AED one million with fixed rates.
Digital platform for sending money globally with real-time rates.
Personal and business accounts for daily transactions and management.
Tools for investing and monitoring currency charts and market movements.
Funding Insights of Alsoohar 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 |
Investments & Acquisitions by Alsoohar 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 - Alsoohar 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 |
Alsoohar Bank Comparisons
Competitors of Alsoohar Bank
Alsoohar 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 NOW Money, FILPS, Business Community Bank, Silk Chain Capital and Emerald Monument Corporation, 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.
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Employer-enabled mobile wallet is offered for workers' financial solutions.
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Offers digital banking solutions, instant loans, and fast payment systems to partners globally.
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Provides letter of credit consultancy services in Dubai, Abu Dhabi, Sharjah, and Saudi Arabia.
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| domain | founded_year | HQ Location |
Delivers digital banking solutions for users.
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| domain | founded_year | HQ Location |
Operates as an internet-first bank delivering digital financial services to customers.
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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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| 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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Frequently Asked Questions about Alsoohar Bank
When was Alsoohar Bank founded?
Alsoohar Bank was founded in 2004.
Where is Alsoohar Bank located?
Alsoohar Bank is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
What does Alsoohar Bank do?
Alsoohar Bank operates as a digital banking provider in the United Arab Emirates, offering services like personal loans, current accounts, savings options, and business banking. It facilitates money transfers, investments, and currency exchange through an online platform. The bank focuses on simplifying banking experiences for consumers and corporations, with locations in Abu Dhabi and Dubai. It emphasizes transparency in dealings and provides tools like mobile apps for easy financial management, including alerts and virtual cards.
Who are the top competitors of Alsoohar Bank?
Alsoohar Bank's top competitors include NOW Money, FILPS and Business Community Bank.
What products or services does Alsoohar Bank offer?
Alsoohar Bank offers Personal Loan, Money Transfer, Current Account, and Investment Services.