About Gwong Microfinance Bank
Gwong Microfinance Bank is a company based in Kaduna (Nigeria) founded in 2018 was acquired by Emergingafricagroup in April 2022.. Gwong Microfinance Bank operates in a competitive market with competitors including Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Lavender Microfinance Bank and Seedvest MFB, among others.
- Headquarter Kaduna, Nigeria
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Emergingafricagroup
(Apr 24, 2022)
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
Funding Insights of Gwong Microfinance Bank
| 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 Gwong Microfinance Bank
Gwong Microfinance Bank has secured backing from 1 investor. Prominent investors backing the company include Emerging Africa Group. 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 |
|---|---|---|---|---|
|
Emerging Africa Group is focused on financing and investment solutions for Africa's economies.
|
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 Gwong Microfinance Bank
| 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 |
Financial Statements - Gwong Microfinance Bank
| 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 |
Gwong Microfinance Bank Comparisons
Competitors of Gwong Microfinance Bank
Gwong Microfinance 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 Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Lavender Microfinance Bank and Seedvest MFB, 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 |
Microcredit is extended to individuals and businesses in need.
|
|
| domain | founded_year | HQ Location |
Financial products are offered to micro, small, and medium enterprises.
|
|
| domain | founded_year | HQ Location |
Operates as a microfinance bank offering accessible financial services to individuals.
|
|
| domain | founded_year | HQ Location |
Offers personal and business banking, loans, mobile apps, and online financial services.
|
|
| domain | founded_year | HQ Location |
Offers loans and banking services to SMEs and women entrepreneurs in Nigeria.
|
|
| domain | founded_year | HQ Location |
Delivers comprehensive microfinancing services to clients.
|
| 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.
|
Frequently Asked Questions about Gwong Microfinance Bank
When was Gwong Microfinance Bank founded?
Gwong Microfinance Bank was founded in 2018.
Where is Gwong Microfinance Bank located?
Gwong Microfinance Bank is headquartered in Kaduna, Nigeria. It is registered at Kaduna, Kaduna, Nigeria.
What does Gwong Microfinance Bank do?
Gwong Microfinance Bank was established in 2018 in Kaduna, Nigeria, within the microfinance sector. Microcredit loans are extended to small-scale borrowers and underserved populations to support financial inclusion. Operations are centered on local communities, with services tailored to low-income individuals and micro-entrepreneurs. The banks activities are conducted primarily in Nigeria, emphasizing accessible credit options without extensive collateral requirements.
Who are the top competitors of Gwong Microfinance Bank?
Gwong Microfinance Bank's top competitors include Gojo, AB Microfinance Bank Nigeria and RIGO Microfinance Bank.
Who are Gwong Microfinance Bank's investors?
Gwong Microfinance Bank has 1 investor. Key investors include Emerging Africa Group.