About Fransabank
Fransabank is a company based in Beirut (Lebanon) founded in 1921.. Fransabank has raised $15 million across 2 funding rounds from investors including FMO and SANAD Fund. Fransabank offers products and services including Online Banking, ATM Services, Payment Cards, and Trade Finance. Fransabank operates in a competitive market with competitors including Scotiabank, Bank Audi, Bank Audi Group, BLC Bank and Blom Bank, among others.
- Headquarter Beirut, Lebanon
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fransabank Sal
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Debt – Conventional
Dec 19, 2017
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Investors
FMO
& 1 more
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Employee Count
Employee Count
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Products & Services of Fransabank
Fransabank offers a comprehensive portfolio of products and services, including Online Banking, ATM Services, Payment Cards, and Trade Finance. 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.
Platform for secure online financial transactions and account management
Network for cash withdrawals, deposits, and cardless transactions
Cards for payments, insurance, and savings options
Solutions for business trade and investment activities
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Funding Insights of Fransabank
Fransabank has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20 million completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $20.0M
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First Round
First Round
(12 May 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Debt – Conventional - Fransabank | Valuation |
investors |
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| May, 2017 | Amount | Private Equity Round - Fransabank | Valuation | FMO |
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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 Fransabank
Fransabank has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include FMO and SANAD Fund. 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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Funding and advisory services are provided to MENA MSMEs.
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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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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 Fransabank
| 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 - Fransabank
| 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 |
Fransabank Comparisons
Competitors of Fransabank
Fransabank 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, Bank Audi, Bank Audi Group, BLC Bank and Blom 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 internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are offered by Bank Audi Group.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Beirut, Lebanon.
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| domain | founded_year | HQ Location |
Universal banking services are provided in Lebanon across various sectors.
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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 Fransabank
Frequently Asked Questions about Fransabank
When was Fransabank founded?
Fransabank was founded in 1921 and raised its 1st funding round 96 years after it was founded.
Where is Fransabank located?
Fransabank is headquartered in Beirut, Lebanon.
Who is the current CEO of Fransabank?
Adnan Wafiq Al Kassar is the current CEO of Fransabank.
Is Fransabank a funded company?
Fransabank is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $15M, raised on May 12, 2017.
What does Fransabank do?
Fransabank was established in 1921 as a commercial bank in Beirut, Lebanon. Operations are centered on retail and corporate banking within the Lebanese financial sector. Services include deposit accounts, loans, and trade financing for local businesses and individuals. The banks activities are managed from its Beirut headquarters, with online access available via fransabank.com. Co-CEO Adnan Wafiq Al Kassar oversees key aspects of the institution.
Who are the top competitors of Fransabank?
Fransabank's top competitors include Scotiabank, Bank Audi and Blom Bank.
What products or services does Fransabank offer?
Fransabank offers Online Banking, ATM Services, Payment Cards, and Trade Finance.
Who are Fransabank's investors?
Fransabank has 2 investors. Key investors include FMO, and SANAD Fund.
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