About BFC Bank
BFC Bank is a company based in London (United Kingdom) founded in 2016 was acquired by iFAST Corporation in January 2022.. The company has 128 employees as of December 31, 2019. BFC Bank operates in a competitive market with competitors including OakNorth Bank, Finseta, Amaiz, Bilderlings and CardOneMoney, among others.
- Headquarter London, United Kingdom
- Employees 128 as on 31 Dec, 2019
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bfc Bank Limited
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Annual Revenue
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Net Profit
$-23.3 M (USD)0as on Dec 31, 2020
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
128
as on Dec 31, 2019
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Acquired by
iFAST Corporation
(Jan 07, 2022)
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Funding Insights of BFC Bank
| 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 BFC Bank
BFC Bank has secured backing from 1 investor. Prominent investors backing the company include iFAST 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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Investment products are distributed via B2B and B2C platforms.
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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 BFC Bank
| 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 - BFC Bank
| 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 |
Bfc Bank Comparisons
Competitors of BFC Bank
BFC Bank 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 OakNorth Bank, Finseta, Amaiz, Bilderlings and CardOneMoney, 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 bank
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| domain | founded_year | HQ Location |
Multi-currency accounts and international payment solutions are offered by Finseta.
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| domain | founded_year | HQ Location |
Amaiz is recognized as an e-money institution providing digital banking solutions.
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| domain | founded_year | HQ Location |
Delivers comprehensive banking correspondent services for financial institutions.
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| domain | founded_year | HQ Location |
Prepaid debit card and current account services with cashback rewards.
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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 Bfc Bank
Frequently Asked Questions about BFC Bank
When was BFC Bank founded?
BFC Bank was founded in 2016.
Where is BFC Bank located?
BFC Bank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
How many employees does BFC Bank have?
As of Dec 31, 2019, the latest employee count at BFC Bank is 128.
What does BFC Bank do?
BFC Bank is specialized challenger bank focused on International Payments and cash management services to complement existing banking arrangements of Small Medium Enterprises (SMEs). Accounts will be available in up to 40 currencies, with online access in a fully secure environment to make all your domestic and international payments. Short term loans and overdrafts for international trade-related reasons will be considered. It has been authorised by the by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) (FRN 716167) and has entered mobilization to finalize its launch as a UK bank in spring 2017.
Who are the top competitors of BFC Bank?
BFC Bank's top competitors include OakNorth Bank, Finseta and Amaiz.
Who are BFC Bank's investors?
BFC Bank has 1 investor. Key investors include iFAST Corporation.