About BancABC
BancABC is a Financial Services company based in Gaborone (Botswana) founded in 1956, and was acquired by Atlas Mara in August 2014. Commercial bank. Its chief executive, as recorded, is Douglas T Munatsi. Its focus areas include Banks and Commercial Banks.
Company details
BancABC was established in 1956 in Gaborone, Botswana, operating within the commercial banking sector. A variety of financial services is provided, encompassing asset management, stockbroking, treasury operations, investor relations, wealth management, and investment advisory. These activities support clients across regional markets, with headquarters maintained in Botswana.
- Headquarters Gaborone, Botswana
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website bancabc.com
- Social LinkedIn X Facebook
- Acquired by Atlas Mara (Aug 2014)
- Latest Funding Round$25M (USD), Debt – Conventional
Apr 2014
- InvestorsInternational Finance Corporation
& 2 more
- Acquired byAtlas Mara
(Aug 2014)
Funding Insights of BancABC
- Total Rounds 2
- Last Round Debt – Conventional — $25M
- First Round $13.5M
(Feb 2012)
- Investors Count 2
All 2 funding rounds of BancABC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $25M | Debt – Conventional | – | – | |
| Feb 2012 | $13.5M | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in BancABC
BancABC has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, Atlas Mara and AATIF.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment fund focused on agricultural development in Africa. | aatif.lu | |||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Private equity investment firm | 2013 | atlasmara.com | Tortola, United Kingdom |
Investor details for BancABC
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of BancABC
2 people are tracked at BancABC (2 in leadership).
| Name | Role | Group |
|---|---|---|
Douglas T Munatsi | CEO | Leadership |
Lance Shingai Mambondiani | CEO & Managing Director | Leadership |
Complete people profiles for BancABC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of BancABC
4 dated milestones of BancABC across 58 years, from founding to its latest funding, stage changes and deals.
- Founded BancABC is founded.
- Funding First funding round of $13.5M.
- Funding Latest funding round, Debt – Conventional, of $25.0M.
- Exit Acquired by Atlas Mara.
Web traffic of BancABC
Websites that share an audience with BancABC (bancabc.com).
Websites whose visitors overlap most with BancABC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| abcthebank.com | 100% | #1,289,002 | View details | ||
karashin-bank.co.jp | karashin-bank.co.jp | 94% | #3,257,388 | – | |
postbank.com | postbank.com | 86% | – | ||
standardbank.co.mz | standardbank.co.mz | 84% | #828,184 | – | |
| cavmont.com.zm | 84% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for BancABC
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Bancabc
Complete news archive for BancABC
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Frequently Asked Questions about BancABC
BancABC was founded in 1956 and raised its 1st funding round 56 years after it was founded.
BancABC is headquartered in Gaborone, Botswana.
Douglas T Munatsi is the CEO of BancABC, as recorded in our data.
BancABC was established in 1956 in Gaborone, Botswana, operating within the commercial banking sector. A variety of financial services is provided, encompassing asset management, stockbroking, treasury operations, investor relations, wealth management, and investment advisory. These activities support clients across regional markets, with headquarters maintained in Botswana.
BancABC has 3 investors. Key investors include International Finance Corporation, Atlas Mara, and AATIF.
Yes. BancABC was acquired by Atlas Mara in August 2014.