About Lea bank
Lea bank is a company based in Oslo (Norway) founded in 2016.. The company has 47 employees as of December 31, 2023. Lea bank offers products and services including Forbrukslån, Refinansiering, and Sparing. Lea bank operates in a competitive market with competitors including Lunar, Sbanken, Bank Norwegian, Instabank and Komplett Bank, among others.
- Headquarter Oslo, Norway
- Employees 47 as on 31 Dec, 2023
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Lea Bank Asa
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Annual Revenue
$54.8 M (USD)47as on Dec 31, 2021
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Net Profit
$14.91 M (USD)-66as on Dec 31, 2021
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EBITDA
$19.8 M (USD)-54as on Dec 31, 2021
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Latest Funding Round
$16.43 M (USD), Post-IPO
Oct 10, 2024
- Investors
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Employee Count
47
as on Dec 31, 2023
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Products & Services of Lea bank
Lea bank offers a comprehensive portfolio of products and services, including Forbrukslån, Refinansiering, and Sparing. 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.
Unsecured loans for personal use with flexible repayment options.
Service to consolidate loans and reduce costs through refinancing.
High-interest account for saving with up to two free withdrawals annually.
Funding Insights of Lea bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $16.4M
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First Round
First Round
(10 Oct 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Post-IPO - Lea bank | Valuation |
investors |
| 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 Lea bank
Lea bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ferratum Global. 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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Digital financial services are provided to consumers and SMEs.
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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 Lea 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 - Lea 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 |
Lea Bank Comparisons
Competitors of Lea bank
Lea 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 Lunar, Sbanken, Bank Norwegian, Instabank and Komplett 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 |
Lunar is recognized as a digital bank offering innovative financial solutions.
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| domain | founded_year | HQ Location |
Digital bank for consumers and businesses
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| domain | founded_year | HQ Location |
Digital bank for individuals
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| domain | founded_year | HQ Location |
Internet first bank
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| domain | founded_year | HQ Location |
Retail banking services are provided to individual customers in Norway.
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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 Lea Bank
Frequently Asked Questions about Lea bank
When was Lea bank founded?
Lea bank was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is Lea bank located?
Lea bank is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
How many employees does Lea bank have?
As of Dec 31, 2023, the latest employee count at Lea bank is 47.
What is the annual revenue of Lea bank?
Annual revenue of Lea bank is $54.8M as on Dec 31, 2021.
What does Lea bank do?
Lea Bank was established in 2016 in Oslo, Norway, as a provider of digital retail banking. Operations are conducted entirely online, with services including account management, payments, and loans tailored for individual clients. The focus remains on efficient, technology-driven solutions within the financial sector, serving the Norwegian market through its domain leabank.no. Regulatory compliance is maintained under local banking standards.
Who are the top competitors of Lea bank?
Lea bank's top competitors include Lunar, Sbanken and Bank Norwegian.
What products or services does Lea bank offer?
Lea bank offers Forbrukslån, Refinansiering, and Sparing.
Who are Lea bank's investors?
Lea bank has 1 investor. Key investors include Ferratum Global.