About Coopertive Bank
Coopertive Bank is a company based in Manchester (United Kingdom) founded in 1872 was acquired by Coventry Building Society in April 2024.. Coopertive Bank has completed 1 acquisition, including Frederick G. Markland Associates. Coopertive Bank offers products and services including Bank Accounts, Credit Cards, Savings Accounts, Loans, and Mobile Banking App. Coopertive Bank operates in a competitive market with competitors including Bellwether Community Credit Union, Legacy Community Federal Credit Union, Manchester Credit Union, Michigan Educational Credit Union and My Community Credit Union, among others.
- Headquarter Manchester, United Kingdom
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Co-Operative Bank P.L.C.
- Date of Incorporation 05 Oct, 1970
- Jurisdiction MANCHESTER
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$4.72 M (USD), Debt – Conventional
Apr 14, 2022
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Investors
Bain Capital
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Coventry Building Society
(Apr 18, 2024)
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Products & Services of Coopertive Bank
Coopertive Bank offers a comprehensive portfolio of products and services, including Bank Accounts, Credit Cards, Savings Accounts, Loans, and Mobile Banking App. 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.
Manages personal and business finances through accounts
Facilitates purchases and balance transfers
Offers secure options for saving money
Provides funding for personal and business needs
Enables app-based transactions and account management
Funding Insights of Coopertive Bank
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $4.7M
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First Round
First Round
(14 May 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Debt – Conventional - Coopertive Bank | Valuation |
investors |
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| Apr, 2021 | Amount | Private Equity Round - Coopertive Bank | Valuation | Bain Capital , J.C. Flowers |
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| May, 2019 | Amount | Grant - Coopertive 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 |
investors |
Investors in Coopertive Bank
Coopertive Bank has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Bain Capital, KMRC and J.C. Flowers. 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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Debt and equity investments are pursued across multiple sectors.
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Founded Year | Domain | Location | |
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Private equity firm focused on financial services sector
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Founded Year | Domain | Location | |
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Offers mortgage refinancing and home loans for affordable housing in Kenya.
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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 Coopertive Bank
Coopertive Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Frederick G. Markland Associates. 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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Consulting structural engineering services are provided across the United Kingdom.
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1985 |
| 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 - Coopertive 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 |
Coopertive Bank Comparisons
Competitors of Coopertive Bank
Coopertive 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 Bellwether Community Credit Union, Legacy Community Federal Credit Union, Manchester Credit Union, Michigan Educational Credit Union and My Community Credit Union, 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 |
Offers checking accounts, loans, savings, mortgages, and business banking services.
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| domain | founded_year | HQ Location |
Provides member-owned banking services including loans, savings, and credit cards.
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| domain | founded_year | HQ Location |
Provides loans, savings, and mobile app for community financial management.
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| domain | founded_year | HQ Location |
Offers banking, loans, credit cards, and savings services to community members.
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| domain | founded_year | HQ Location |
Provides banking services, loans, credit cards, and accounts to community members in Texas.
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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 Coopertive Bank
Frequently Asked Questions about Coopertive Bank
When was Coopertive Bank founded?
Coopertive Bank was founded in 1872 and raised its 1st funding round 147 years after it was founded.
Where is Coopertive Bank located?
Coopertive Bank is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Who is the current CEO of Coopertive Bank?
Liam Coleman is the current CEO of Coopertive Bank.
What does Coopertive Bank do?
The Co-operative Bank was established in 1872 in Manchester, United Kingdom, as a member-owned financial institution. Retail and commercial banking services, including savings accounts, loans, and mortgages, are offered within the co-operative sector. Operations are centered in the UK, with historical leadership provided by figures such as former CEO Liam Coleman. Focus is maintained on community-based financial solutions without emphasis on profit maximization.
Who are the top competitors of Coopertive Bank?
Coopertive Bank's top competitors include Bellwether Community Credit Union, Legacy Community Federal Credit Union and Manchester Credit Union.
What products or services does Coopertive Bank offer?
Coopertive Bank offers Bank Accounts, Credit Cards, Savings Accounts, Loans, and Mobile Banking App.
How many acquisitions has Coopertive Bank made?
Coopertive Bank has made 1 acquisition, including Frederick G. Markland Associates.
Who are Coopertive Bank's investors?
Coopertive Bank has 5 investors. Key investors include Bain Capital, KMRC, J.C. Flowers, NatWest Group, and Coventry Building Society.
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