About BRAC Bank
BRAC Bank is a company based in Dhaka (Bangladesh) founded in 2001.. BRAC Bank has raised $41.99 million across 6 funding rounds from investors including International Finance Corporation, Norfund and FMO. BRAC Bank operates in a competitive market with competitors including Scotiabank, Mutual Trust Bank, Midland Bank, Social Islami Bank and Dhaka Bank, among others.
- Headquarter Dhaka, Bangladesh
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.99 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Debt – Conventional
Jan 19, 2021
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Investors
International Finance Corporation
& 5 more
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Employee Count
Employee Count
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Funding Insights of BRAC Bank
BRAC Bank has successfully raised a total of $41.99M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $30 million completed in January 2021. 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 6
- Last Round Debt – Conventional — $30.0M
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First Round
First Round
(01 Jun 2010)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Debt – Conventional - BRAC Bank | Valuation |
investors |
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| Oct, 2019 | Amount | Debt – Conventional - BRAC Bank | Valuation |
investors |
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| Apr, 2018 | Amount | Private Equity Round - BRAC Bank | Valuation | IFC Asset Management Company |
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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 BRAC Bank
BRAC Bank has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, Norfund and FMO. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Capital is mobilized and invested in sustainable emerging market companies.
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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 BRAC 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 - BRAC 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 |
Brac Bank Comparisons
Competitors of BRAC Bank
BRAC 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 Scotiabank, Mutual Trust Bank, Midland Bank, Social Islami Bank and Dhaka 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.
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| domain | founded_year | HQ Location |
Retail banking services are provided to customers in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided through Islamic principles in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Bangladesh.
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| 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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Latest news on Brac Bank
Frequently Asked Questions about BRAC Bank
When was BRAC Bank founded?
BRAC Bank was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Where is BRAC Bank located?
BRAC Bank is headquartered in Dhaka, Bangladesh.
Is BRAC Bank a funded company?
BRAC Bank is a funded company, having raised a total of $41.99M across 6 funding rounds to date. The company's 1st funding round was a Private Equity Round of $40M, raised on Jun 01, 2010.
What does BRAC Bank do?
BRAC Bank was established in 2001 in Dhaka, Bangladesh, as a commercial bank within the financial sector. Core operations involve deposit mobilization, lending, and transaction services for individuals and businesses. Retail and corporate banking products are offered across the country, with a focus on supporting economic activities in urban and rural areas. The banks domain, bracbank.com, facilitates digital access to these services.
Who are the top competitors of BRAC Bank?
BRAC Bank's top competitors include Scotiabank, Social Islami Bank and Mutual Trust Bank.
Who are BRAC Bank's investors?
BRAC Bank has 6 investors. Key investors include International Finance Corporation, Norfund, FMO, British International Investment, and IFC Asset Management Company.