About CalBank
CalBank is a company based in Accra (Ghana) founded in 1990.. CalBank has raised $1 million across 3 funding rounds from investors including Norfund, Proparco and Finnfund. CalBank operates in a competitive market with competitors including Access Bank, Scotiabank, Fidelity Bank, First National Bank Ghana and First Atlantic Bank, among others.
- Headquarter Accra, Ghana
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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
$1 M (USD)
in 3 rounds
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Latest Funding Round
$105 M (USD), Debt – Conventional
Aug 17, 2018
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Investors
Norfund
& 5 more
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Employee Count
Employee Count
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Funding Insights of CalBank
CalBank has successfully raised a total of $1M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $105 million completed in August 2018. 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 3
- Last Round Debt – Conventional — $105.0M
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First Round
First Round
(01 Jun 1999)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Debt – Conventional - CalBank | Valuation |
investors |
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| Feb, 2017 | Amount | Unspecified - CalBank | Valuation | Arise |
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| Jun, 1999 | Amount | Unspecified - CalBank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 CalBank
CalBank has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Norfund, Proparco and Finnfund. 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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Economic development investments are financed through specialized solutions by Proparco.
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Founded Year | Domain | Location | |
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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location | |
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Investments in sustainable development projects in developing countries.
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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 CalBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - CalBank
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Calbank Comparisons
Competitors of CalBank
CalBank 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 Access Bank, Scotiabank, Fidelity Bank, First National Bank Ghana and First Atlantic 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 offered in Nigeria.
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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 |
Retail banking services are provided to customers in Ghana.
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| domain | founded_year | HQ Location |
Commercial banking services are provided across Ghana.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Nigerian multinational financial institution
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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 Calbank
Frequently Asked Questions about CalBank
When was CalBank founded?
CalBank was founded in 1990 and raised its 1st funding round 9 years after it was founded.
Where is CalBank located?
CalBank is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
Who is the current CEO of CalBank?
Frank Adu is the current CEO of CalBank.
Is CalBank a funded company?
CalBank is a funded company, having raised a total of $1M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $1M, raised on Jun 01, 1999.
What does CalBank do?
CalBank was established in 1990 as a diversified financial institution headquartered in Accra, Ghana. Operations are focused on banking and related services within the financial sector. Core activities include retail and corporate banking, supported by a network across the country. Leadership is provided by CEO and Managing Director Frank Adu. The institution serves clients through its domain, calbank.net, emphasizing standard financial solutions in the region.
Who are the top competitors of CalBank?
CalBank's top competitors include Access Bank, Scotiabank and Fidelity Bank.
Who are CalBank's investors?
CalBank has 6 investors. Key investors include Norfund, Proparco, Finnfund, IFC Asset Management Company, and Arise Invest.
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