About BankByChoice
BankByChoice is a company based in Dubai (United Arab Emirates) founded in 2018 by Ramdaas D. It operates as a Marketplace, and B2C. BankByChoice offers products and services including Credit Cards, Personal Loans, Car Loans, Mortgage Loans, and Insurance Products. BankByChoice operates in a competitive market with competitors including Souqalmal.com, yallacompare, MyMoneySouq and SoulWallet, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Ramdaas D
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Sectors
Financial Services
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Website
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Social
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Products & Services of BankByChoice
BankByChoice offers a comprehensive portfolio of products and services, including Credit Cards, Personal Loans, Car Loans, Mortgage Loans, and Insurance Products. 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.
Platform for comparing and applying credit cards with rewards and benefits
Services for quick processing of personal loans without salary transfer
Assistance in obtaining car loans with simple documentation and low requirements
Tools for comparing and applying mortgage loans in the UAE
Platform for selecting car and life insurance policies easily
Funding Insights of BankByChoice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investments & Acquisitions by BankByChoice
| 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 - BankByChoice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Bankbychoice Comparisons
Competitors of BankByChoice
BankByChoice 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 Souqalmal.com, yallacompare, MyMoneySouq and SoulWallet, 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 |
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| domain | founded_year | HQ Location |
Financial products including loans and credit cards are compared online.
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| domain | founded_year | HQ Location |
Financial products including loans, cards, and insurance are compared online.
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| domain | founded_year | HQ Location |
Online comparisons for insurance, loans, and financial products are facilitated.
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| domain | founded_year | HQ Location |
Provides a user-friendly platform for comparing various financial products.
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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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| 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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Frequently Asked Questions about BankByChoice
When was BankByChoice founded?
BankByChoice was founded in 2018.
Where is BankByChoice located?
BankByChoice is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
What does BankByChoice do?
Bankbychoice operates as a neutral online marketplace in Dubai, UAE, helping users compare and apply for financial products such as personal loans, car loans, credit cards, and insurance. It provides end-to-end support, including eligibility checks, documentation guidance, and secure transactions. The platform assists clients in making informed choices by analyzing options from various banks, ensuring personalized and efficient financial solutions without promotional bias.
Who are the top competitors of BankByChoice?
BankByChoice's top competitors include Souqalmal.com, yallacompare and MyMoneySouq.
What products or services does BankByChoice offer?
BankByChoice offers Credit Cards, Personal Loans, Car Loans, Mortgage Loans, and Insurance Products.
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