About BOAD
BOAD is a company based in Lome (Togo) founded in 1973.. BOAD offers products and services including Development Financing and Project Support Services.
- Headquarter Lome, Togo
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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
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- Legal Name Banque Ouest Africaine De Développement
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$164.36 M (USD), Debt – Conventional
Dec 21, 2023
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Investors
Cassa depositi e prestiti Group
& 2 more
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Employee Count
Employee Count
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Products & Services of BOAD
BOAD offers a comprehensive portfolio of products and services, including Development Financing and Project Support Services. 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.
Financing is offered for sustainable projects in energy, infrastructure, and social sectors in West Africa
Support is provided for initiatives in education, health, and agriculture to enhance regional integration and resilience
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Funding Insights of BOAD
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $164.4M
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First Round
First Round
(21 Dec 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Debt – Conventional - BOAD | 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 BOAD
BOAD has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Cassa depositi e prestiti Group, African Development Bank Group and FinDev Canada. 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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FinDev Canada offers financing and investments for sustainable development in emerging markets.
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Founded Year | Domain | Location | |
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Development financing is extended to African projects across sectors.
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Founded Year | Domain | Location | |
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Investments are promoted nationally by the institution.
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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 BOAD
| 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 - BOAD
| 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 |
Boad Comparisons
Competitors of BOAD
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 BOAD
When was BOAD founded?
BOAD was founded in 1973 and raised its 1st funding round 50 years after it was founded.
Where is BOAD located?
BOAD is headquartered in Lome, Togo.
What does BOAD do?
BOAD was founded in 1973 as a multilateral development bank based in Lomé, Togo. Operations focus on providing long-term financing for infrastructure, energy, agriculture, and private sector initiatives across eight West African member states. Loans, equity participations, and technical support are extended to promote regional integration and economic growth, with resources drawn from member contributions and international partners.
What products or services does BOAD offer?
BOAD offers Development Financing and Project Support Services.
Who are BOAD's investors?
BOAD has 3 investors. Key investors include Cassa depositi e prestiti Group, African Development Bank Group, and FinDev Canada.