About Arion banki
Arion banki is a company based in Reykjavik (Iceland) founded in 1929.. The company has 858 employees as of December 31, 2024. Arion banki has completed 1 acquisition, including Igloo Rent. Arion banki offers products and services including Banking App, Loans, Credit Cards, Savings Accounts, and Investments. Arion banki operates in a competitive market with competitors including Scotiabank, Kvika, Landsbankinn, Islandsbanki and Bidvest Bank, among others.
- Headquarter Reykjavik, Iceland
- Employees 858 as on 31 Dec, 2024
- 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
*********
- Legal Name Arion Banki Hf
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Annual Revenue
$1.26 B (USD)7.62as on Dec 31, 2024
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Net Profit
$188.51 M (USD)1.4as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$256.69 M (USD), Debt – Conventional
Jun 01, 2019
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Investors
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Employee Count
858
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Arion banki
Arion banki is a publicly listed company on the OMXICE with ticker symbol ARION in Iceland, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Arion banki
Arion banki offers a comprehensive portfolio of products and services, including Banking App, Loans, Credit Cards, Savings Accounts, and Investments. 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.
Mobile application for managing accounts and transactions securely
Various loan products for personal and business financing needs
Debit and credit cards with rewards and security features
Accounts for saving and earning interest over time
Options for funds, stocks, and retirement planning
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Software Development Team
41 people
Leadership Team
11 people
Finance and Accounting
11 people
Data Analysis and Operations Team
8 people
Legal and Compliance
8 people
Product Management Team
7 people
Head Team
6 people
Customer Team
6 people
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Funding Insights of Arion banki
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $256.7M
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First Round
First Round
(01 Apr 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2019 | Amount | Debt – Conventional - Arion banki | Valuation |
investors |
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| Apr, 2019 | Amount | Post-IPO - Arion banki | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Arion banki
Arion banki has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Igloo Rent. 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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Online property insurance platform for individuals
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2018 |
| 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 - Arion banki
| 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 |
Arion Banki Comparisons
Competitors of Arion banki
Arion banki 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 Scotiabank, Kvika, Landsbankinn, Islandsbanki and Bidvest 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 |
|---|---|---|---|---|
| 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 Reykjavik, Iceland.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Iceland by Landsbankinn.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Iceland.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in South Africa.
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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 Arion Banki
Frequently Asked Questions about Arion banki
When was Arion banki founded?
Arion banki was founded in 1929 and raised its 1st funding round 90 years after it was founded.
Where is Arion banki located?
Arion banki is headquartered in Reykjavik, Iceland.
Who is the current CEO of Arion banki?
Hoskuldur H Olafsson is the current CEO of Arion banki.
How many employees does Arion banki have?
As of Dec 31, 2024, the latest employee count at Arion banki is 858.
What is the annual revenue of Arion banki?
Annual revenue of Arion banki is $1.26B as on Dec 31, 2024.
What does Arion banki do?
Arion banki was founded in 1929 as a commercial bank headquartered in Reykjavik, Iceland. Standard banking operations are conducted, including deposit management, lending, and payment processing for retail and corporate clients. Services are extended across the Icelandic market, with focus on local financial needs. The organization is led by CEO Hoskuldur H Olafsson, overseeing activities in the banking sector.
Who are the top competitors of Arion banki?
Arion banki's top competitors include Scotiabank, Landsbankinn and Kvika.
What products or services does Arion banki offer?
Arion banki offers Banking App, Loans, Credit Cards, Savings Accounts, and Investments.
Is Arion banki publicly traded?
Yes, Arion banki is publicly traded on OMXICE under the ticker symbol ARION.
How many acquisitions has Arion banki made?
Arion banki has made 1 acquisition, including Igloo Rent.
What is Arion banki's ticker symbol?
The ticker symbol of Arion banki is ARION on OMXICE.
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