About Bank of Africa Uganda
Bank of Africa Uganda is a company based in Kampala (Uganda) founded in 1982.. Bank of Africa Uganda has raised $171.2 million across 1 funding round from investors including International Finance Corporation. Bank of Africa Uganda offers products and services including Mobile Wallet, Instant Cash Loan, Reward Savings Account, and Salary Pack. Bank of Africa Uganda operates in a competitive market with competitors including Scotiabank, dfcu Bank, Finance Trust, OBUL and Orient Bank, among others.
- Headquarter Kampala, Uganda
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Bank Of Africa Uganda Limited
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$171.2 M (USD)
in 1 rounds
-
Latest Funding Round
$171.2 M (USD), Series D
Dec 27, 2023
- Investors
-
Employee Count
Employee Count
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 Bank of Africa Uganda
Bank of Africa Uganda offers a comprehensive portfolio of products and services, including Mobile Wallet, Instant Cash Loan, Reward Savings Account, and Salary Pack. 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.
App for modern mobile banking and transactions
Salary-based loans for quick unplanned expenses
Flexible account offering interest and rewards
Package for salary account holders with benefits
Funding Insights of Bank of Africa Uganda
Bank of Africa Uganda has successfully raised a total of $171.2M through 1 strategic funding round. The most recent funding activity was a Series D round of $171.2 million completed in December 2023. 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 D — $171.2M
-
First Round
First Round
(27 Dec 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series D - Bank of Africa Uganda | Valuation | IFC |
|
| 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 Bank of Africa Uganda
Bank of Africa Uganda 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 |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
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 Bank of Africa Uganda
| 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 - Bank of Africa Uganda
| 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 |
Bank Of Africa Uganda Comparisons
Competitors of Bank of Africa Uganda
Bank of Africa Uganda 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, dfcu Bank, Finance Trust, OBUL and Orient 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.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered in Uganda from Kampala base.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided in Uganda.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided across Uganda.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided in Kampala, Uganda.
|
| 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.
|
Latest news on Bank Of Africa Uganda
Frequently Asked Questions about Bank of Africa Uganda
When was Bank of Africa Uganda founded?
Bank of Africa Uganda was founded in 1982 and raised its 1st funding round 41 years after it was founded.
Where is Bank of Africa Uganda located?
Bank of Africa Uganda is headquartered in Kampala, Uganda.
Who is the current CEO of Bank of Africa Uganda?
Mohamed Bennani is the current CEO of Bank of Africa Uganda.
Is Bank of Africa Uganda a funded company?
Bank of Africa Uganda is a funded company, having raised a total of $171.2M across 1 funding round to date. The company's 1st funding round was a Series D of $171.2M, raised on Dec 27, 2023.
What does Bank of Africa Uganda do?
Bank of Africa Uganda was founded in 1982 as a commercial bank based in Kampala. Operations are centered in the financial sector, with services including retail and corporate banking extended across Uganda. The institution is led by CEOs Mohamed Bennani and Arthur Isiko. Its online presence is maintained through the domain boauganda.com, supporting various financial activities in the region.
Who are the top competitors of Bank of Africa Uganda?
Bank of Africa Uganda's top competitors include Scotiabank, dfcu Bank and Finance Trust.
What products or services does Bank of Africa Uganda offer?
Bank of Africa Uganda offers Mobile Wallet, Instant Cash Loan, Reward Savings Account, and Salary Pack.
Who are Bank of Africa Uganda's investors?
Bank of Africa Uganda has 1 investor. Key investors include International Finance Corporation.