About Deem Finance
Deem Finance is a company based in Abu Dhabi (United Arab Emirates) founded in 2008 was acquired by Gargash Group in September 2021.. Deem Finance operates in a competitive market with competitors including Revolut, Al Hilal Bank, Zand, Wio and AL HILAL, among others.
- Headquarter Abu Dhabi, United Arab Emirates
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$400 M (USD), Debt – Conventional
Apr 15, 2025
-
Investors
J P Morgan
& 1 more
-
Employee Count
Employee Count
-
Acquired by
Gargash Group
(Sep 19, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Deem Finance
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $400.0M
-
First Round
First Round
(15 Apr 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Debt – Conventional - Deem Finance | 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Deem Finance
Deem Finance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include J P Morgan and Gargash Group. 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 |
|---|---|---|---|---|
|
Comprehensive financial services are provided to corporations and individuals.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Deem Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Deem Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deem Finance Comparisons
Competitors of Deem Finance
Deem Finance 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 Revolut, Al Hilal Bank, Zand, Wio and AL HILAL, 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 |
Banking solutions are provided for retail customers and businesses.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered in the United Arab Emirates.
|
|
| domain | founded_year | HQ Location |
Digital banking services are offered for personal and corporate clients.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided in Abu Dhabi.
|
|
| domain | founded_year | HQ Location |
Operates as a digital bank for individual customers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Deem Finance
Frequently Asked Questions about Deem Finance
When was Deem Finance founded?
Deem Finance was founded in 2008 and raised its 1st funding round 17 years after it was founded.
Where is Deem Finance located?
Deem Finance is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Who is the current CEO of Deem Finance?
Chris Taylor is the current CEO of Deem Finance.
What does Deem Finance do?
Deem Finance was established in 2008 as a financial services provider in the banking sector, headquartered in Abu Dhabi, United Arab Emirates. Internet-based banking solutions are delivered to both consumers and businesses, encompassing general-purpose and travel credit cards, personal loans, deposit accounts, and merchant financing. Payroll processing services are also extended to corporate clients across the region.
Who are the top competitors of Deem Finance?
Deem Finance's top competitors include Revolut, Al Hilal Bank and Wio.
Who are Deem Finance's investors?
Deem Finance has 2 investors. Key investors include J P Morgan, and Gargash Group.