About ME Bank
ME Bank is a company based in Melbourne (Australia) founded in 1994 was acquired by Bank of Queensland in February 2021.. ME Bank offers products and services including Home Loans, Transaction Accounts, Saving Accounts, and Term Deposits. ME Bank operates in a competitive market with competitors including Investec, National Australia Bank, CommBank, Scotiabank and Bank of America, among others.
- Headquarter Melbourne, Australia
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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
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- Legal Name Bank Of Queensland Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Bank of Queensland
(Feb 22, 2021)
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Products & Services of ME Bank
ME Bank offers a comprehensive portfolio of products and services, including Home Loans, Transaction Accounts, Saving Accounts, and Term Deposits. 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.
Provides financing and refinancing for home purchases.
Offers accounts for daily transactions and financial management.
Enables saving with bonus interest and easy access features.
Guarantees returns on fixed deposits with competitive rates.
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Software Development Team
22 people
Data Analysis and Operations Team
15 people
Leadership Team
14 people
Senior Team
12 people
Head Team
7 people
Human Resources and Administration
6 people
Finance and Accounting
5 people
Product Management Team
4 people
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Funding Insights of ME 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 |
Investors in ME Bank
ME Bank has secured backing from 1 investor. Prominent investors backing the company include BOQ. 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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Banking services are provided by BOQ for personal and business needs.
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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 ME 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 - ME 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 |
Me Bank Comparisons
Competitors of ME Bank
ME 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 Investec, National Australia Bank, CommBank, Scotiabank and Bank of America, 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 |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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Banking and financial services are provided to consumers and businesses.
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| domain | founded_year | HQ Location |
Retail, business, and institutional banking services are offered in Australia.
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Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Westpac is recognized as a leading Australian banking institution.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Me Bank
Frequently Asked Questions about ME Bank
When was ME Bank founded?
ME Bank was founded in 1994.
Where is ME Bank located?
ME Bank is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does ME Bank do?
ME Bank was founded in 1994 in Melbourne, Australia, as a commercial bank. Operations are centered on delivering standard banking services, such as deposits, loans, and financial products, to individual and business customers. The institution is headquartered in Melbourne and serves the Australian market through its online domain, mebank.com.au. Focus is maintained on retail and commercial sectors within the financial services industry.
Who are the top competitors of ME Bank?
ME Bank's top competitors include Investec, National Australia Bank and Scotiabank.
What products or services does ME Bank offer?
ME Bank offers Home Loans, Transaction Accounts, Saving Accounts, and Term Deposits.
Who are ME Bank's investors?
ME Bank has 1 investor. Key investors include BOQ.
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