About Mediterranean Bank
Mediterranean Bank is a company based in Valletta (Malta) founded in 2004 was acquired by AnaCap Financial Partners in August 2009.. Mediterranean Bank has raised $57.71 million across 1 funding round from investors including Bank ABC and AnaCap Financial Partners. Mediterranean Bank offers products and services including Mutual Funds, Savings Account, Home Loans, and Debit Card. Mediterranean Bank operates in a competitive market with competitors including Scotiabank, BNF Bank, Fimbank, Kreissparkasse Biberach and Sparkasse Bank Malta, among others.
- Headquarter Valletta, Malta
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Medirect Bank (Malta) Plc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57.71 M (USD)
in 1 rounds
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Latest Funding Round
$57.71 M (USD), Series C
Dec 28, 2010
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Investors
Bank ABC
& 1 more
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Employee Count
Employee Count
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Acquired by
AnaCap Financial Partners
(Aug 02, 2009)
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Products & Services of Mediterranean Bank
Mediterranean Bank offers a comprehensive portfolio of products and services, including Mutual Funds, Savings Account, Home Loans, and Debit Card. 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.
Platform for buying and managing mutual funds online.
Account offering easy access and monthly interest payments.
Loans for property purchase with fast processing.
Card for transactions via Apple Pay and Google Pay.
Funding Insights of Mediterranean Bank
Mediterranean Bank has successfully raised a total of $57.71M through 1 strategic funding round. The most recent funding activity was a Series C round of $57.71 million completed in December 2010. 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 C — $57.7M
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First Round
First Round
(28 Dec 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2010 | Amount | Series C - Mediterranean 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 Mediterranean Bank
Mediterranean Bank has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Bank ABC and AnaCap Financial Partners. 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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Private equity firm focused on mid-market financial, technology, and business services companies
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Founded Year | Domain | Location | |
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A commercial bank offering deposits, loans, and payment services to customers.
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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 Mediterranean Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Mediterranean 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mediterranean Bank Comparisons
Competitors of Mediterranean Bank
Mediterranean 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 Scotiabank, BNF Bank, Fimbank, Kreissparkasse Biberach and Sparkasse Bank Malta, 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 internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Malta.
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| domain | founded_year | HQ Location |
Offers corporate finance, trade services, and banking solutions.
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| domain | founded_year | HQ Location |
Provides retail and business banking services with online platforms and financial products.
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| domain | founded_year | HQ Location |
Offers corporate banking, depositary, custody, and investment services to clients.
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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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Frequently Asked Questions about Mediterranean Bank
When was Mediterranean Bank founded?
Mediterranean Bank was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is Mediterranean Bank located?
Mediterranean Bank is headquartered in Valletta, Malta.
Is Mediterranean Bank a funded company?
Mediterranean Bank is a funded company, having raised a total of $57.71M across 1 funding round to date. The company's 1st funding round was a Series C of $57.71M, raised on Dec 28, 2010.
What does Mediterranean Bank do?
Mediterranean Bank was established in 2004 as a licensed credit institution in Malta, with operations centered in Valletta. Deposit services, including savings and term accounts with varied features, are offered alongside investment options such as equities, bonds, ETFs, and mutual funds. Model portfolios for diversified investments across funds are also available. The bank was acquired by AnaCap Financial Partners in July 2009 and subsequently recapitalized.
Who are the top competitors of Mediterranean Bank?
Mediterranean Bank's top competitors include Scotiabank, BNF Bank and Fimbank.
What products or services does Mediterranean Bank offer?
Mediterranean Bank offers Mutual Funds, Savings Account, Home Loans, and Debit Card.
Who are Mediterranean Bank's investors?
Mediterranean Bank has 2 investors. Key investors include Bank ABC, and AnaCap Financial Partners.