About FirstRand
FirstRand is a company based in Johannesburg (South Africa) founded in 1998.. The company has 44,916 employees as of December 31, 2017. FirstRand has completed 1 acquisition, including Aldermore Bank. FirstRand offers products and services including Transactional Services and Investment Products.
- Headquarter Johannesburg, South Africa
- Employees 44916 as on 31 Dec, 2017
- Stage Public
-
Sectors
Business Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Firstrand Limited
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$48.35 M (USD), Post-IPO
Jul 02, 2024
-
Investors
FMO
& 1 more
-
Employee Count
44916
as on Dec 31, 2017
- Investments & Acquisitions
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
Products & Services of FirstRand
FirstRand offers a comprehensive portfolio of products and services, including Transactional Services and Investment Products. 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.
Transactional products are offered for banking needs, including lending and investment options
Investment and insurance products are provided as part of a universal set of financial services
Unlock access to complete
Unlock access to complete
Funding Insights of FirstRand
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $48.4M
-
First Round
First Round
(01 Dec 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Post-IPO - FirstRand | Valuation |
investors |
|
| Dec, 2016 | Amount | Debt – Conventional - FirstRand | 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 FirstRand
FirstRand has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include FMO and British International Investment. 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 |
|---|---|---|---|---|
|
Development financing is provided for entrepreneurial ventures in emerging markets.
|
Founded Year | Domain | Location | |
|
Government agency focused on small and medium-sized businesses
|
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 FirstRand
FirstRand has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Aldermore Bank. 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 |
|---|---|---|---|---|---|
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
SME-focused banking services are offered to consumers and businesses.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - FirstRand
| 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 |
Firstrand Comparisons
Competitors of FirstRand
| 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 Firstrand
Frequently Asked Questions about FirstRand
When was FirstRand founded?
FirstRand was founded in 1998 and raised its 1st funding round 18 years after it was founded.
Where is FirstRand located?
FirstRand is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
How many employees does FirstRand have?
As of Dec 31, 2017, the latest employee count at FirstRand is 44,916.
What does FirstRand do?
FirstRand was established in 1998 in Johannesburg, South Africa, as a financial services provider. Transactional, lending, investment, and insurance offerings are extended to retail, commercial, corporate, and public sector clients. Full-service banking operations are conducted in eight African countries, including Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Tanzania, and Ghana. In 2022, annual revenues of 10.84 billion and net profit of 2.19 billion were achieved.
What products or services does FirstRand offer?
FirstRand offers Transactional Services and Investment Products.
How many acquisitions has FirstRand made?
FirstRand has made 1 acquisition, including Aldermore Bank.
Who are FirstRand's investors?
FirstRand has 2 investors. Key investors include FMO, and British International Investment.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.