About CRDB Bank
CRDB Bank is a company founded in 1996.. CRDB Bank has raised $24 million across 2 funding rounds from investors including International Finance Corporation, Norfund and British International Investment. CRDB Bank offers products and services including Internet Banking, Personal Loan, Savings Account, Motor Insurance, and SME Loan. CRDB Bank operates in a competitive market with competitors including Scotiabank, NMB Bank, Akiba Commercial Bank, Azania Bank and EFC Tanzania Microfinance Bank, among others.
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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
*********
- Legal Name Crdb Bank Plc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
International Finance Corporation
& 3 more
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Employee Count
Employee Count
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Products & Services of CRDB Bank
CRDB Bank offers a comprehensive portfolio of products and services, including Internet Banking, Personal Loan, Savings Account, Motor Insurance, and SME Loan. 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.
Platform for accessing account information and transactions securely online
Facility to support personal growth and financial needs
Account for saving funds and future needs
Policy covering loss or damage to motor vehicles
Loan to help small and medium enterprises with capital needs
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Software Development Team
44 people
Sales and Marketing
41 people
Branch Team
17 people
Human Resources and Administration
16 people
Finance and Accounting
15 people
Senior Team
14 people
Leadership Team
13 people
Legal and Compliance
12 people
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Funding Insights of CRDB Bank
CRDB Bank has successfully raised a total of $24M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(01 Aug 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Unspecified - CRDB Bank | Valuation | IFU , Norfund |
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| Aug, 2015 | Amount | Private Equity Round - CRDB 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 CRDB Bank
CRDB Bank has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, Norfund and British International Investment. 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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Private equity investment firm
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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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IFC is focused on private sector development in emerging markets.
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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 CRDB 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 - CRDB 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 |
Crdb Bank Comparisons
Competitors of CRDB Bank
CRDB 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, NMB Bank, Akiba Commercial Bank, Azania Bank and EFC Tanzania Microfinance 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 |
Commercial banking services are provided in Tanzania since 2005.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to clients in Tanzania.
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| domain | founded_year | HQ Location |
Provides banking services for personal and business needs in Tanzania.
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| domain | founded_year | HQ Location |
Microfinance services are extended to underserved clients in Tanzania.
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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 Crdb Bank
Frequently Asked Questions about CRDB Bank
When was CRDB Bank founded?
CRDB Bank was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Who is the current CEO of CRDB Bank?
Charles Kimei is the current CEO of CRDB Bank.
Is CRDB Bank a funded company?
CRDB Bank is a funded company, having raised a total of $24M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $24M, raised on Aug 01, 2015.
What does CRDB Bank do?
CRDB Bank was established in 1996 as a commercial bank operating primarily in Tanzania, as indicated by its domain. Core operations encompass retail and corporate banking, including deposit accounts, loans, and payment services. Financial products are extended to individuals and businesses within the Tanzanian market. Leadership is held by CEO Charles Kimei, with focus maintained on local economic sectors.
Who are the top competitors of CRDB Bank?
CRDB Bank's top competitors include Scotiabank, Akiba Commercial Bank and NMB Bank.
What products or services does CRDB Bank offer?
CRDB Bank offers Internet Banking, Personal Loan, Savings Account, Motor Insurance, and SME Loan.
Who are CRDB Bank's investors?
CRDB Bank has 4 investors. Key investors include International Finance Corporation, Norfund, British International Investment, and IFU.