About Lavender Microfinance Bank
Lavender Microfinance Bank is a company based in Abeokuta (Nigeria) founded in 1995. It operates as a B2C, and B2B. Lavender Microfinance Bank offers products and services including Savings Account, Personal Loans, Mobile Banking, Current Account, and Fixed Deposit Account. Lavender Microfinance Bank operates in a competitive market with competitors including Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, RIGO Microfinance Bank and Kenechukwu Microfinance Bank, among others.
- Headquarter Abeokuta, Nigeria
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
- Legal Name Lavender Microfinance Bank
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
-
Employee Count
Employee Count
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
Products & Services of Lavender Microfinance Bank
Lavender Microfinance Bank offers a comprehensive portfolio of products and services, including Savings Account, Personal Loans, Mobile Banking, Current Account, and Fixed Deposit Account. 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.
Account for secure saving with interest earnings.
Loans for individual needs like education or festivals.
App for 24/7 banking and transactions on mobile.
Account for business transactions and daily use.
Account for fixed-term deposits with returns.
Funding Insights of Lavender 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 |
Investments & Acquisitions by Lavender 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 - Lavender 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 |
Lavender Microfinance Bank Comparisons
Competitors of Lavender Microfinance Bank
Lavender 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, RIGO Microfinance Bank and Kenechukwu Microfinance 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 |
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 |
Microfinance services are provided to individuals and MSMEs in Nigeria.
|
|
| domain | founded_year | HQ Location |
Operates as a microfinance bank providing financial services.
|
| 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 Lavender Microfinance Bank
When was Lavender Microfinance Bank founded?
Lavender Microfinance Bank was founded in 1995.
Where is Lavender Microfinance Bank located?
Lavender Microfinance Bank is headquartered in Abeokuta, Nigeria. It is registered at Abeokuta, Ogun, Nigeria.
What does Lavender Microfinance Bank do?
Lavender Microfinance Bank is a financial institution in Nigeria offering savings accounts, current accounts, fixed deposits, and various loans for individuals and businesses. It provides digital services such as mobile and online banking for easy transactions. Based in Abeokuta, it serves small businesses and personal clients through microfinance solutions, focusing on economic growth and secure financial management with tools like BVN and e-channels.
Who are the top competitors of Lavender Microfinance Bank?
Lavender Microfinance Bank's top competitors include Gojo, AB Microfinance Bank Nigeria and RIGO Microfinance Bank.
What products or services does Lavender Microfinance Bank offer?
Lavender Microfinance Bank offers Savings Account, Personal Loans, Mobile Banking, Current Account, and Fixed Deposit Account.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.