About First City Monument Bank
First City Monument Bank is a company based in Lagos (Nigeria) founded in 1979.. First City Monument Bank offers products and services including FCMB Mobile App, FastCash Loan, GRO Investment, Current Account, and Savings Account. First City Monument Bank operates in a competitive market with competitors including First Bank of Nigeria, Scotiabank, Guaranty Trust Bank, Zenith Bank and Fidelity 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
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- Legal Name First City Monument Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$10 M (USD), Post-IPO
Mar 27, 2014
- Investors
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Employee Count
Employee Count
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Products & Services of First City Monument Bank
First City Monument Bank offers a comprehensive portfolio of products and services, including FCMB Mobile App, FastCash Loan, GRO Investment, Current Account, and Savings 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.
Mobile app for transactions, payments, and account management
Instant loan up to 400k with flexible repayment options
App-based savings with up to 18% interest returns
Account for daily transactions and business operations
Account offering interest on deposited funds
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Funding Insights of First City Monument Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $10.0M
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First Round
First Round
(27 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2014 | Amount | Post-IPO - First City Monument Bank | Valuation |
investors |
| 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 |
Investors in First City Monument Bank
First City Monument Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include 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 |
| 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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 First City Monument 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 - First City Monument Bank
| 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 |
First City Monument Bank Comparisons
Competitors of First City Monument Bank
First City Monument 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 Fidelity 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 across Nigeria.
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Commercial banking services are provided internationally by Scotiabank.
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Nigerian multinational financial institution
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Banking and financial services are provided to individuals and businesses.
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Commercial banking services are provided to clients in Nigeria.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on First City Monument Bank
Frequently Asked Questions about First City Monument Bank
When was First City Monument Bank founded?
First City Monument Bank was founded in 1979 and raised its 1st funding round 35 years after it was founded.
Where is First City Monument Bank located?
First City Monument Bank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does First City Monument Bank do?
An online platform was founded in 1979 in Lagos, Nigeria, operating in the telemedicine sector. Connections are enabled between users and certified doctors across various specialties for one-to-one virtual sessions. Consultations are conducted for a range of medical conditions, with services delivered digitally to support remote healthcare access. Operations focus on secure, convenient interactions without physical visits.
Who are the top competitors of First City Monument Bank?
First City Monument Bank's top competitors include Scotiabank, Guaranty Trust Bank and Keystone Bank.
What products or services does First City Monument Bank offer?
First City Monument Bank offers FCMB Mobile App, FastCash Loan, GRO Investment, Current Account, and Savings Account.
Who are First City Monument Bank's investors?
First City Monument Bank has 1 investor. Key investors include FMO.
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