About FNB
FNB is a company based in Grahamstown (South Africa) founded in 1838.. FNB has completed 2 acquisitions, including Capital Bank GA and Selpal. FNB offers products and services including Banking Accounts, Loans, Investments, and Insurance. FNB operates in a competitive market with competitors including Standard Bank, Investec, Scotiabank, Bank of America and Nedbank, among others.
- Headquarter Grahamstown, South Africa
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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 Firstrand Bank 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
$100 M (USD), Debt – Conventional
Feb 06, 2018
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Capital Bank GA
& 1 more
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Products & Services of FNB
FNB offers a comprehensive portfolio of products and services, including Banking Accounts, Loans, Investments, and Insurance. 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.
Facilitates transactions, savings, and account management for users.
Provides funding options for personal and business financial needs.
Offers tools for saving, investing, and managing assets securely.
Delivers insurance products to protect against financial risks.
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Funding Insights of FNB
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(06 Feb 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Debt – Conventional - FNB | 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 FNB
FNB has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include International Finance Corporation. 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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IFC is focused on private sector development 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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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 FNB
FNB has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Capital Bank GA and Selpal. 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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Grocery products are purchased via an online marketplace platform.
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2014 | ||||
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Commercial bank
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1963 |
| 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 - FNB
| 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 |
Fnb Comparisons
Competitors of FNB
FNB 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 Standard Bank, Investec, Scotiabank, Bank of America and Nedbank, 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 20 African countries.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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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 and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Nedbank is recognized as a provider of personal and business banking services.
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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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Latest news on Fnb
Frequently Asked Questions about FNB
When was FNB founded?
FNB was founded in 1838 and raised its 1st funding round 180 years after it was founded.
Where is FNB located?
FNB is headquartered in Grahamstown, South Africa. It is registered at Grahamstown, Eastern Cape, South Africa.
Who is the current CEO of FNB?
Jacques Celliers is the current CEO of FNB.
What does FNB do?
FNB was established in 1838 in Grahamstown, South Africa, as a commercial bank. Operations are focused on the financial sector, where retail and corporate banking services are delivered, including deposit accounts, loans, and payment solutions. Customers are served primarily in South Africa via the domain fnb.co.za. The organization is led by CEO Jacques Celliers, with activities centered on supporting economic transactions and financial needs in the region.
Who are the top competitors of FNB?
FNB's top competitors include Investec, Scotiabank and Standard Bank.
What products or services does FNB offer?
FNB offers Banking Accounts, Loans, Investments, and Insurance.
How many acquisitions has FNB made?
FNB has made 2 acquisitions, including Capital Bank GA, and Selpal.
Who are FNB's investors?
FNB has 1 investor. Key investors include International Finance Corporation.
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