About Finance Trust
Finance Trust is a company based in Kampala (Uganda) founded in 2013 was acquired by Access Bank in January 2024.. Finance Trust offers products and services including Trust Savers Account, Trust Business Loan, Trust Consumer Loans, Trust Agro Financing, and Fixed Deposit Account. Finance Trust operates in a competitive market with competitors including Scotiabank, dfcu Bank, Bank of Africa Uganda, OBUL and Orient Bank, among others.
- Headquarter Kampala, Uganda
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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 Finance Trust Bank Uganda Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Access Bank
& 1 more
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Employee Count
Employee Count
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Acquired by
Access Bank
(Jan 17, 2024)
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Products & Services of Finance Trust
Finance Trust offers a comprehensive portfolio of products and services, including Trust Savers Account, Trust Business Loan, Trust Consumer Loans, Trust Agro Financing, and Fixed Deposit Account. 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.
Account for individual savings with interest earnings.
Loan for business financing and growth support.
Loans for personal expenses and consumer needs.
Financing for agricultural activities and farmers.
Account for fixed-term deposits with higher returns.
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Funding Insights of Finance Trust
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2013 | Amount | Seed - Finance Trust | 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 Finance Trust
Finance Trust has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Access Bank and Progression Capital Africa. 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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Commercial banking services are offered in Nigeria.
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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 Finance Trust
| 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 - Finance Trust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Finance Trust Comparisons
Competitors of Finance Trust
Finance Trust 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, dfcu Bank, Bank of Africa Uganda, OBUL and Orient 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 |
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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 offered in Uganda from Kampala base.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Uganda.
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| domain | founded_year | HQ Location |
Commercial banking services are provided across Uganda.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Kampala, Uganda.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Finance Trust
When was Finance Trust founded?
Finance Trust was founded in 2013.
Where is Finance Trust located?
Finance Trust is headquartered in Kampala, Uganda.
What does Finance Trust do?
Finance Trust was established in 2013 as a commercial bank based in Kampala, Uganda. Operations focus on standard banking activities within the financial sector, including deposit accounts, loan facilities, and payment services. The institution serves clients across Uganda through its domain financetrust.co.ug, with emphasis on local economic needs. Geographic scope remains centered in the country, supporting everyday financial transactions.
Who are the top competitors of Finance Trust?
Finance Trust's top competitors include Scotiabank, dfcu Bank and Bank of Africa Uganda.
What products or services does Finance Trust offer?
Finance Trust offers Trust Savers Account, Trust Business Loan, Trust Consumer Loans, Trust Agro Financing, and Fixed Deposit Account.
Who are Finance Trust's investors?
Finance Trust has 2 investors. Key investors include Access Bank, and Progression Capital Africa.
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