About Capitec Bank
Capitec Bank is a company based in Stellenbosch (South Africa) founded in 2001.. Capitec Bank has completed 3 acquisitions, including AvaFin, Mercantile and Walletdoc. Capitec Bank operates in a competitive market with competitors including Virgin Money, Metro Bank, Investec, UniCredit and HSBC, among others.
- Headquarter Stellenbosch, South Africa
- Stage Public
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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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Software Development Team
59 people
Data Analysis and Operations Team
53 people
Finance and Accounting
13 people
Product Management Team
12 people
Head: Team
10 people
Operations Team
10 people
Machine Team
7 people
Head Team
6 people
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Funding Insights of Capitec Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $18.1M
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First Round
First Round
(01 Jun 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2009 | Amount | Post-IPO - Capitec Bank | 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 |
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Investors in Capitec Bank
Capitec Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Norfund. 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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It invests in developing countries to create jobs and improve lives
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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 Capitec Bank
Capitec Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AvaFin, Mercantile and Walletdoc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Operates a platform for convenient bill payments and financial transactions.
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2015 | ||||
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Consumer loans are offered through an online lending platform.
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2012 | ||||
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Commercial banking services are provided in South Africa.
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1965 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Capitec 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 |
Capitec Bank Comparisons
Competitors of Capitec Bank
Capitec 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 Virgin Money, Metro Bank, Investec, UniCredit and HSBC, 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 |
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| domain | founded_year | HQ Location |
Virgin Money is recognized as a provider of banking and financial services in the UK.
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Commercial banking services are provided in the United Kingdom.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial bank
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Universal banking and financial advisory services are provided globally.
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| domain | founded_year | HQ Location |
Diversified financial services are provided across global markets.
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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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On-demand services are booked through an app-based platform.
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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 Capitec Bank
Frequently Asked Questions about Capitec Bank
When was Capitec Bank founded?
Capitec Bank was founded in 2001 and raised its 1st funding round 8 years after it was founded.
Where is Capitec Bank located?
Capitec Bank is headquartered in Stellenbosch, South Africa. It is registered at Stellenbosch, Western Cape, South Africa.
Who is the current CEO of Capitec Bank?
Gerrie Fourie is the current CEO of Capitec Bank.
What does Capitec Bank do?
Capitec Bank was established in 2001 in Stellenbosch, South Africa, as a commercial bank focused on retail and digital banking. Operations are centered in the financial sector, with services including personal loans, savings accounts, credit cards, and online transactions. The bank serves millions of customers primarily within South Africa, emphasizing accessible and cost-effective financial solutions through its extensive branch network and mobile platforms.
Who are the top competitors of Capitec Bank?
Capitec Bank's top competitors include Metro Bank, Investec and Virgin Money.
How many acquisitions has Capitec Bank made?
Capitec Bank has made 3 acquisitions, including AvaFin, Mercantile, and Walletdoc.
Who are Capitec Bank's investors?
Capitec Bank has 1 investor. Key investors include Norfund.
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