About Fidelity Bank
Fidelity Bank is a company based in Lagos (Nigeria) founded in 1988. It operates as a Professional Services, and Subscription Services. Fidelity Bank has completed 1 acquisition, including Union Bank UK. Fidelity Bank offers products and services including Personal Banking, SME Banking, Corporate Banking, and Private Banking. Fidelity Bank operates in a competitive market with competitors including First Bank of Nigeria, Scotiabank, Guaranty Trust Bank, Zenith Bank and First City Monument Bank, among others.
- Headquarter Lagos, Nigeria
- 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
*********
- Legal Name Fidelity Bank Plc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$178.43 M (USD), Post-IPO
Dec 31, 2025
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Investors
Afreximbank
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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IPO & Listings of Fidelity Bank
Fidelity Bank is a publicly listed company on the NSENG with ticker symbol FIDELITYBK in Nigeria, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Fidelity Bank
Fidelity Bank offers a comprehensive portfolio of products and services, including Personal Banking, SME Banking, Corporate Banking, and Private Banking. 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 banking services are provided for individual customers.
SME banking solutions are offered for small businesses.
Corporate banking services are tailored for large enterprises.
Private banking services are designed for high-net-worth individuals.
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Software Development Team
48 people
Leadership Team
18 people
Assistant Team
16 people
Sales and Marketing
12 people
Operations Team
8 people
Product Management Team
6 people
Finance and Accounting
5 people
Team Team
5 people
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Funding Insights of Fidelity Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $178.4M
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First Round
First Round
(28 Aug 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Post-IPO - Fidelity Bank | Valuation |
investors |
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| Mar, 2023 | Amount | Debt – Conventional - Fidelity Bank | Valuation |
investors |
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| Feb, 2021 | Amount | Debt – Conventional - Fidelity Bank | Valuation |
investors |
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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 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Afreximbank and Swedfund. 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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Early-stage SMEs are invested in by government-operated Swedfund.
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Founded Year | Domain | Location | |
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Trade finance and commercial banking services are provided across Africa.
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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 Union Bank UK. 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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Commercial banking services are offered in the United Kingdom.
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1983 |
| 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 - 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 First Bank of Nigeria, Scotiabank, Guaranty Trust Bank, Zenith Bank and First City Monument 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 across 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 |
Nigerian multinational financial institution
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| domain | founded_year | HQ Location |
Banking and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Virtual consultations with certified doctors are facilitated online.
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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 1988 and raised its 1st funding round 26 years after it was founded.
Where is Fidelity Bank located?
Fidelity Bank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Fidelity Bank do?
Fidelity Bank Plc is involved in offering a wide range of banking and financial services across Nigeria. Services are provided to personal, SME, corporate, and private banking clients. Solutions are developed for savings, loans, investments, and digital banking. The bank operates in sectors such as agriculture, export, and public finance. Support is extended through online platforms and branch networks. Community initiatives are supported through CSR programs in health, education, and youth empowerment. Operations are managed from the headquarters in Lagos, Nigeria.
Who are the top competitors of Fidelity Bank?
Fidelity Bank's top competitors include Scotiabank, First City Monument Bank and Guaranty Trust Bank.
What products or services does Fidelity Bank offer?
Fidelity Bank offers Personal Banking, SME Banking, Corporate Banking, and Private Banking.
Is Fidelity Bank publicly traded?
Yes, Fidelity Bank is publicly traded on NSENG under the ticker symbol FIDELITYBK.
How many acquisitions has Fidelity Bank made?
Fidelity Bank has made 1 acquisition, including Union Bank UK.
Who are Fidelity Bank's investors?
Fidelity Bank has 2 investors. Key investors include Afreximbank, and Swedfund.
What is Fidelity Bank's ticker symbol?
The ticker symbol of Fidelity Bank is FIDELITYBK on NSENG.
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