About Keystone Bank
Keystone Bank is a company based in Lagos (Nigeria) founded in 2011 was acquired by River Bank in March 2017. It operates as a Professional Services, and Subscription Services. Keystone Bank has raised $8 million across 1 funding round from investors including River Bank. Keystone Bank offers products and services including Personal Savings Account, Corporate Banking, and Digital Banking. Keystone Bank operates in a competitive market with competitors including First Bank of Nigeria, Scotiabank, Guaranty Trust Bank, Zenith Bank and First City Monument Bank, among others.
- Headquarter Lagos, Nigeria
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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
*********
- Legal Name Keystone Bank Limited (Kbl)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Series A
Mar 01, 2020
- Investors
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Employee Count
Employee Count
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Acquired by
River Bank
(Mar 21, 2017)
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Products & Services of Keystone Bank
Keystone Bank offers a comprehensive portfolio of products and services, including Personal Savings Account, Corporate Banking, and Digital Banking. 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.
Savings accounts are offered for personal financial management.
Financial services are provided for corporate and SMEs.
Online banking solutions are delivered for customer convenience.
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Funding Insights of Keystone Bank
Keystone Bank has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in March 2020. 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 1
- Last Round Series A — $8.0M
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First Round
First Round
(01 Mar 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series A - Keystone Bank | Valuation |
investors |
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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 Keystone Bank
Keystone Bank has secured backing from 1 investor. Prominent investors backing the company include River Bank. 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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Provides personal banking, business loans, online services, and community financial support.
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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 Keystone 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 - Keystone Bank
| 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 |
Keystone Bank Comparisons
Competitors of Keystone Bank
Keystone 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 First City Monument 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 across Nigeria.
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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 |
Nigerian multinational financial institution
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| domain | founded_year | HQ Location |
Banking and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Virtual consultations with certified doctors are facilitated online.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to clients in Nigeria.
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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 Keystone Bank
Frequently Asked Questions about Keystone Bank
When was Keystone Bank founded?
Keystone Bank was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is Keystone Bank located?
Keystone Bank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Keystone Bank?
Obeahon Ohiwerei is the current CEO of Keystone Bank.
Is Keystone Bank a funded company?
Keystone Bank is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Mar 01, 2020.
What does Keystone Bank do?
Keystone Bank Limited is established as a prominent financial institution in Nigeria, offering a wide range of banking solutions. Services are provided across personal, corporate, and SME sectors with innovative digital banking options. Specialized products are developed for agribusiness, education, and sustainable finance. A commitment is made to economic, environmental, and social well-being through responsible banking practices.
Who are the top competitors of Keystone Bank?
Keystone Bank's top competitors include Scotiabank, First City Monument Bank and Guaranty Trust Bank.
What products or services does Keystone Bank offer?
Keystone Bank offers Personal Savings Account, Corporate Banking, and Digital Banking.
Who are Keystone Bank's investors?
Keystone Bank has 1 investor. Key investors include River Bank.
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