About Ardshinbank
Ardshinbank is a company based in Yerevan (Armenia) founded in 2002. It operates as a Commission-Based. Ardshinbank has raised $10 million across 1 funding round from investors including Asian Development Bank and Commerzbank. Ardshinbank has completed 1 acquisition, including Areximbank. Ardshinbank offers products and services including Banking Services. Ardshinbank operates in a competitive market with competitors including Ameriabank, Scotiabank, InecoBank, ARMECONOMBANK and Unibank, among others.
- Headquarter Yerevan, Armenia
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
May 08, 2018
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Investors
Asian Development Bank
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Ardshinbank
Ardshinbank offers a comprehensive portfolio of products and services, including Banking 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.
Banking solutions are provided for individuals and businesses.
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Funding Insights of Ardshinbank
Ardshinbank has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in May 2018. 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(08 May 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - Ardshinbank | 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 Ardshinbank
Ardshinbank has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Asian Development Bank and Commerzbank. 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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Commercial banking services are offered to corporate and retail clients.
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Founded Year | Domain | Location | |
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Advisory services and financial resources are mobilized for development projects.
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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 Ardshinbank
Ardshinbank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Areximbank. 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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Commercial banking services are offered in Armenia.
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1998 |
| 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 - Ardshinbank
| 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 |
Ardshinbank Comparisons
Competitors of Ardshinbank
Ardshinbank 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 Ameriabank, Scotiabank, InecoBank, ARMECONOMBANK and Unibank, 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
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| 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 in Armenia.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Armenia since 1991.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Armenia.
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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 Ardshinbank
Frequently Asked Questions about Ardshinbank
When was Ardshinbank founded?
Ardshinbank was founded in 2002 and raised its 1st funding round 16 years after it was founded.
Where is Ardshinbank located?
Ardshinbank is headquartered in Yerevan, Armenia.
Who is the current CEO of Ardshinbank?
Safaryan Karen Souren is the current CEO of Ardshinbank.
Is Ardshinbank a funded company?
Ardshinbank is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on May 08, 2018.
What does Ardshinbank do?
Banking and financial solutions are provided by Ardshinbank to individuals and businesses. Services are extended across personal and corporate sectors in Armenia. Comprehensive financial products are made available to meet diverse client needs.
Who are the top competitors of Ardshinbank?
Ardshinbank's top competitors include Ameriabank, Scotiabank and InecoBank.
What products or services does Ardshinbank offer?
Ardshinbank offers Banking Services.
How many acquisitions has Ardshinbank made?
Ardshinbank has made 1 acquisition, including Areximbank.
Who are Ardshinbank's investors?
Ardshinbank has 2 investors. Key investors include Asian Development Bank, and Commerzbank.