About Kredi Bank
Kredi Bank is a company based in Lagos (Nigeria) founded in 2010.. Kredi Bank has raised $180 thousand across 1 funding round from investors including Orbit Startups. Kredi Bank offers products and services including Kredi App, Kredi PAY, and POS Terminals. Kredi Bank operates in a competitive market with competitors including Kuda, Carbon, FairMoney, Sparkle and Aku, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$180 K (USD)
in 1 rounds
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Latest Funding Round
$180 K (USD), Seed
Sep 12, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Kredi Bank
Kredi Bank offers a comprehensive portfolio of products and services, including Kredi App, Kredi PAY, and POS Terminals. 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.
App for managing personal savings, transfers, and loans.
Service for bill payments and fund transfers via app.
Terminals for secure business transactions and earnings.
Funding Insights of Kredi Bank
Kredi Bank has successfully raised a total of $180K through 1 strategic funding round. The most recent funding activity was a Seed round of $180 thousand completed in September 2022. 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 Seed — $180,000
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First Round
First Round
(12 Sep 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Kredi Bank | Valuation | Orbit Startups |
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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 Kredi Bank
Kredi Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Orbit Startups. 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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Startups are incubated across sectors without restrictions.
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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 Kredi 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 - Kredi 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 |
Kredi Bank Comparisons
Competitors of Kredi Bank
Kredi 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 Kuda, Carbon, FairMoney, Sparkle and Aku, 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 |
Kuda is recognized as a digital banking app for Africans.
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| domain | founded_year | HQ Location |
Digital banking services for individuals and businesses are offered.
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| domain | founded_year | HQ Location |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Aku is recognized as a FinTech company offering payment solutions.
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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 Kredi Bank
Frequently Asked Questions about Kredi Bank
When was Kredi Bank founded?
Kredi Bank was founded in 2010 and raised its 1st funding round 12 years after it was founded.
Where is Kredi Bank located?
Kredi Bank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Kredi Bank a funded company?
Kredi Bank is a funded company, having raised a total of $180K across 1 funding round to date. The company's 1st funding round was a Seed of $180K, raised on Sep 12, 2022.
What does Kredi Bank do?
Kredi Bank was founded in 2010 and is based in Lagos, Nigeria. Digital financial services are provided through a mobile application for both individuals and businesses. The platform includes savings accounts, payment processing, fund transfers, loan options, and bill payments. Business accounts are customized for SMEs and larger enterprises, with features like payout APIs, insurance products, and POS systems. Operations focus on the fintech sector within West Africa.
Who are the top competitors of Kredi Bank?
What products or services does Kredi Bank offer?
Kredi Bank offers Kredi App, Kredi PAY, and POS Terminals.
Who are Kredi Bank's investors?
Kredi Bank has 1 investor. Key investors include Orbit Startups.