About Bankwest
Bankwest is a company based in Perth (Australia) founded in 1895 was acquired by CommBank in October 2008.. Bankwest offers products and services including Bank Accounts, Credit Cards, Home Loans, Term Deposits, and Bankwest App. Bankwest operates in a competitive market with competitors including Investec, National Australia Bank, CommBank, Scotiabank and Macquarie Group, among others.
- Headquarter Perth, Australia
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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 Bankwest (Division Of Commonwealth Bank Of Australia)
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Products & Services of Bankwest
Bankwest offers a comprehensive portfolio of products and services, including Bank Accounts, Credit Cards, Home Loans, Term Deposits, and Bankwest App. 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.
Accounts for daily spending and savings with no fees
Cards for purchases and virtual payment options
Loans for home buying with flexible terms
Fixed-term savings for interest accumulation
App for transactions and account management
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Funding Insights of Bankwest
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $4.5M
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First Round
First Round
(10 Jan 2025)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Conventional - Bankwest | 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 |
Investors in Bankwest
Bankwest has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CommBank. 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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Retail, business, and institutional banking services are offered in Australia.
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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 Bankwest
| 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 - Bankwest
| 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 |
Bankwest Comparisons
Competitors of Bankwest
Bankwest 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 Investec, National Australia Bank, CommBank, Scotiabank and Macquarie Group, 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 |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Banking and financial services are provided to consumers and businesses.
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| domain | founded_year | HQ Location |
Retail, business, and institutional banking services are offered in Australia.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
A global financial services organization with Australian heritage is operated.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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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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Latest news on Bankwest
Frequently Asked Questions about Bankwest
When was Bankwest founded?
Bankwest was founded in 1895 and raised its 1st funding round 130 years after it was founded.
Where is Bankwest located?
Bankwest is headquartered in Perth, Australia. It is registered at Perth, Western Australia, Australia.
What does Bankwest do?
Bankwest was established in 1895 as a private sector commercial bank. Operations are centered in Perth, Australia, with a focus on retail and business banking. Core services encompass deposits, loans, credit cards, and wealth management for individuals and corporations. The institution functions within the Australian financial system, adhering to regulatory standards set by the Australian Prudential Regulation Authority. Expansion has occurred through digital platforms and branch networks across the country.
Who are the top competitors of Bankwest?
Bankwest's top competitors include Investec, National Australia Bank and Scotiabank.
What products or services does Bankwest offer?
Bankwest offers Bank Accounts, Credit Cards, Home Loans, Term Deposits, and Bankwest App.
Who are Bankwest's investors?
Bankwest has 1 investor. Key investors include CommBank.
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