About Fidelity Bank
Fidelity Bank is a company based in Accra (Ghana) founded in 2006. It operates as a Subscription Services, and FinTech. Fidelity Bank has raised $53.5 million across 8 funding rounds from investors including LeapFrog Investments, Edmond de Rothschild and FMO. Fidelity Bank has completed 1 acquisition, including ProCredit Bank Congo. Fidelity Bank offers products and services including Personal Loans, Mobile Banking, and Transactional Accounts. Fidelity Bank operates in a competitive market with competitors including Access Bank, Scotiabank, First National Bank Ghana, First Atlantic Bank and Guaranty Trust 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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- Legal Name Fidelity Bank Ghana Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$53.5 M (USD)
in 8 rounds
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Latest Funding Round
$18.5 M (USD), Private Equity Round
Mar 23, 2022
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Investors
LeapFrog Investments
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Fidelity Bank
Fidelity Bank offers a comprehensive portfolio of products and services, including Personal Loans, Mobile Banking, and Transactional Accounts. 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.
Personal loans are offered for various financial needs.
Mobile banking services are provided for account management.
Transactional accounts are maintained for daily banking operations.
Funding Insights of Fidelity Bank
Fidelity Bank has successfully raised a total of $53.5M across 8 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $18.5 million completed in March 2022. 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 8
- Last Round Private Equity Round — $18.5M
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First Round
First Round
(26 Feb 2014)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Private Equity Round - Fidelity Bank | Valuation | FMO |
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| Aug, 2021 | Amount | Private Equity Round - Fidelity Bank | Valuation | LeapFrog Investments |
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| Nov, 2020 | Amount | Private Equity Round - Fidelity Bank | Valuation | Africinvest |
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| 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 Fidelity Bank
Fidelity Bank has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include LeapFrog Investments, Edmond de Rothschild and FMO. 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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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Private equity fund focused on banking, finance, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm
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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 Fidelity Bank
Fidelity Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ProCredit Bank Congo. 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.
|
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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Commercial Bank
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - Fidelity 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 |
Fidelity Bank Comparisons
Competitors of Fidelity Bank
Fidelity 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 Access Bank, Scotiabank, First National Bank Ghana, First Atlantic Bank and Guaranty Trust 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 |
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 Fidelity Bank
Frequently Asked Questions about Fidelity Bank
When was Fidelity Bank founded?
Fidelity Bank was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Where is Fidelity Bank located?
Fidelity Bank is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
Who is the current CEO of Fidelity Bank?
Edward Effah is the current CEO of Fidelity Bank.
Is Fidelity Bank a funded company?
Fidelity Bank is a funded company, having raised a total of $53.5M across 8 funding rounds to date.
What does Fidelity Bank do?
Fidelity Bank is involved in offering a wide range of banking and financial services in Ghana. Services are provided across personal, commercial, inclusive, and wholesale banking sectors. Solutions such as loans, savings, investments, and digital banking are delivered to various customer segments. Operations are focused on sectors including public sector, financial institutions, mining, energy, and local corporates. Sustainability and financial inclusion are emphasized through initiatives and partnerships.
Who are the top competitors of Fidelity Bank?
Fidelity Bank's top competitors include Access Bank, Scotiabank and Guaranty Trust Bank.
What products or services does Fidelity Bank offer?
Fidelity Bank offers Personal Loans, Mobile Banking, and Transactional Accounts.
How many acquisitions has Fidelity Bank made?
Fidelity Bank has made 1 acquisition, including ProCredit Bank Congo.
Who are Fidelity Bank's investors?
Fidelity Bank has 8 investors. Key investors include LeapFrog Investments, Edmond de Rothschild, FMO, European Development Finance Institutions, and Swedfund.
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