About Bank Alfalah
Bank Alfalah is a company based in Karachi (Pakistan) founded in 1997.. Bank Alfalah has raised $66 million across 1 funding round from investors including International Finance Corporation. Bank Alfalah offers products and services including Personal Banking, Business Banking, Corporate Banking, Digital Banking, and Home Remittance. Bank Alfalah operates in a competitive market with competitors including HBL, Scotiabank, UBL Digital, JS Bank and MCB Bank, among others.
- Headquarter Karachi, Pakistan
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Alfalan Service, S.R.O.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66 M (USD)
in 1 rounds
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Latest Funding Round
$66 M (USD), Series C
Dec 01, 2014
- Investors
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Employee Count
Employee Count
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Products & Services of Bank Alfalah
Bank Alfalah offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, Corporate Banking, Digital Banking, and Home Remittance. 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.
Offers accounts and loans for individual customers
Provides financial solutions for small and medium enterprises
Delivers specialized services for large organizations
Enables online transactions and mobile app access
Facilitates international money transfers
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Software Development Team
216 people
Leadership Team
57 people
Operations Team
31 people
Assistant Team
27 people
Legal and Compliance
25 people
Senior Team
24 people
Finance and Accounting
19 people
Product Management Team
18 people
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Funding Insights of Bank Alfalah
Bank Alfalah has successfully raised a total of $66M through 1 strategic funding round. The most recent funding activity was a Series C round of $66 million completed in December 2014. 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 C — $66.0M
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First Round
First Round
(01 Dec 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Series C - Bank Alfalah | 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 Bank Alfalah
Bank Alfalah has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include International Finance Corporation. 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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IFC is focused on private sector development in emerging markets.
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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 Bank Alfalah
| 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 - Bank Alfalah
| 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 |
Bank Alfalah Comparisons
Competitors of Bank Alfalah
Bank Alfalah 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 HBL, Scotiabank, UBL Digital, JS Bank and MCB 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 offered by HBL in Pakistan.
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Commercial banking services are provided internationally by Scotiabank.
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A commercial bank providing deposits, loans, and payment services to customers.
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Offers commercial banking services, including deposits, loans, and payment solutions for customers.
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Operates as a diversified financial institution offering banking services.
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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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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bank Alfalah
Frequently Asked Questions about Bank Alfalah
When was Bank Alfalah founded?
Bank Alfalah was founded in 1997 and raised its 1st funding round 17 years after it was founded.
Where is Bank Alfalah located?
Bank Alfalah is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is Bank Alfalah a funded company?
Bank Alfalah is a funded company, having raised a total of $66M across 1 funding round to date. The company's 1st funding round was a Series C of $66M, raised on Dec 01, 2014.
What does Bank Alfalah do?
Bank Alfalah was established in 1997 in Karachi, Pakistan, as a commercial bank within the financial services sector. Operations encompass corporate and investment banking, consumer credit, securities brokerage, commercial lending, SME support, agricultural finance, Islamic banking, and asset financing. Services are extended to diverse clients including individuals, businesses, and public entities across Pakistan.
Who are the top competitors of Bank Alfalah?
Bank Alfalah's top competitors include Scotiabank, HBL and Silkbank.
What products or services does Bank Alfalah offer?
Bank Alfalah offers Personal Banking, Business Banking, Corporate Banking, Digital Banking, and Home Remittance.
Who are Bank Alfalah's investors?
Bank Alfalah has 1 investor. Key investors include International Finance Corporation.