About Alternatif Bank
Alternatif Bank is a company based in Istanbul (Turkey) founded in 1991 was acquired by Commercial Bank in March 2013.. Alternatif Bank offers products and services including VOV Hesap, Digital Kredi, and Alternatif Bank Mobile. Alternatif Bank operates in a competitive market with competitors including UniCredit, Bank of America, Scotiabank, Fibabanka and Akbank, among others.
- Headquarter Istanbul, Turkey
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Alternatif Bank A.Ş.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Commercial Bank
(Mar 18, 2013)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Alternatif Bank
Alternatif Bank offers a comprehensive portfolio of products and services, including VOV Hesap, Digital Kredi, and Alternatif Bank Mobile. 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.
High-interest deposit account for personal savings and earnings.
Instant credit option for individual financial needs.
Mobile platform for transactions and account management.
Funding Insights of Alternatif Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alternatif Bank
Alternatif Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Commercial 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 |
|---|---|---|---|---|
|
Commercial Bank is recognized as a leading financial institution in Qatar.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Alternatif Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Alternatif Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alternatif Bank Comparisons
Competitors of Alternatif Bank
Alternatif 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 UniCredit, Bank of America, Scotiabank, Fibabanka and Akbank, 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 bank
|
|
| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial bank with presence in turkey
|
|
| domain | founded_year | HQ Location |
Multiple consumer banking services are provided by Garanti BBVA.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Alternatif Bank
When was Alternatif Bank founded?
Alternatif Bank was founded in 1991.
Where is Alternatif Bank located?
Alternatif Bank is headquartered in Istanbul, Turkey.
What does Alternatif Bank do?
Alternatif Bank was established in 1991 and is based in Istanbul, Turkey. Operations are centered on the financial sector, with a focus on commercial banking activities. Services such as corporate loans, deposit accounts, trade finance, and payment processing are extended to business customers. The bank operates primarily within the Turkish market, supporting economic transactions for enterprises across various industries.
Who are the top competitors of Alternatif Bank?
Alternatif Bank's top competitors include Scotiabank, Bank of America and Garanti BBVA.
What products or services does Alternatif Bank offer?
Alternatif Bank offers VOV Hesap, Digital Kredi, and Alternatif Bank Mobile.
Who are Alternatif Bank's investors?
Alternatif Bank has 1 investor. Key investors include Commercial Bank.