About Metro Bank
Metro Bank is a company based in London (United Kingdom) founded in 2010. It operates as a Professional Services, and Subscription Services. Metro Bank has raised $564 million across 7 funding rounds from investors including Spaldy Investments, BCR and Reuben Brothers. Metro Bank has completed 2 acquisitions, including RateSetter and SMEIF. Metro Bank offers products and services including Current Account, Savings Account, Mortgages, Credit Card, and Pet Insurance. Metro Bank operates in a competitive market with competitors including Virgin Money, Investec, UniCredit, HSBC and Barclays, among others.
- Headquarter London, United Kingdom
- Stage Public
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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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- Legal Name Metro Bank Holdings Plc
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Annual Revenue
$1.21 B (USD)-3.09as on Dec 31, 2024
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Net Profit
$53.25 M (USD)44.07as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$564 M (USD)
in 7 rounds
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Latest Funding Round
$397.53 M (USD), Post-IPO
Oct 09, 2023
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Investors
Spaldy Investments
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
RateSetter
& 1 more
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IPO & Listings of Metro Bank
Metro Bank is a publicly listed company on the LSE with ticker symbol MTRO in UK, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Metro Bank
Metro Bank offers a comprehensive portfolio of products and services, including Current Account, Savings Account, Mortgages, Credit Card, and Pet Insurance. 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.
Personal current accounts are offered for daily transactions.
Savings accounts are provided for financial growth purposes.
Residential and buy-to-let mortgages are facilitated for customers.
Credit cards are issued for personal borrowing needs.
Pet insurance is offered for customer peace of mind.
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Funding Insights of Metro Bank
Metro Bank has successfully raised a total of $564M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $397.53 million completed in October 2023. 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 7
- Last Round Post-IPO — $397.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Post-IPO - Metro Bank | Valuation |
investors |
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| May, 2019 | Amount | Post-IPO - Metro Bank | Valuation |
investors |
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| Feb, 2019 | Amount | Grant - Metro 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 Metro Bank
Metro Bank has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Spaldy Investments, BCR and Reuben Brothers. 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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Investments in growth-stage companies are managed via private equity.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location | |
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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 Metro Bank
Metro Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include RateSetter and SMEIF. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online P2P lending platform for consumer and business loans
|
2010 | ||||
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Invoice financing services are provided to small and medium enterprises.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Metro 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 |
Metro Bank Comparisons
Competitors of Metro Bank
Metro 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 Virgin Money, Investec, UniCredit, HSBC and Barclays, 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 |
Virgin Money is recognized as a provider of banking and financial services in the UK.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Universal banking and financial advisory services are provided globally.
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| domain | founded_year | HQ Location |
Diversified financial services are provided across global markets.
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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 Metro Bank
Frequently Asked Questions about Metro Bank
When was Metro Bank founded?
Metro Bank was founded in 2010.
Where is Metro Bank located?
Metro Bank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Metro Bank?
Daniel Sweeney Frumkin is the current CEO of Metro Bank.
Is Metro Bank a funded company?
Metro Bank is a funded company, having raised a total of $564M across 7 funding rounds to date. The company's 1st funding round was a Grant of $156.61M, raised on Mar 04, 2010.
What is the annual revenue of Metro Bank?
Annual revenue of Metro Bank is $1.21B as on Dec 31, 2024.
What does Metro Bank do?
Metro Bank is established as a retail banking institution in the United Kingdom, offering a wide range of personal and business banking services. Current accounts, savings accounts, mortgages, and credit cards are provided to meet diverse financial needs. Insurance products, including pet insurance, are also made available. The bank operates across London and beyond, focusing on relationship banking through human connection and long-standing customer relationships. Services are accessible in-store, online, and via a mobile app, ensuring comprehensive financial solutions for individuals and businesses.
Who are the top competitors of Metro Bank?
Metro Bank's top competitors include Investec, Virgin Money and Barclays.
What products or services does Metro Bank offer?
Metro Bank offers Current Account, Savings Account, Mortgages, Credit Card, and Pet Insurance.
Is Metro Bank publicly traded?
Yes, Metro Bank is publicly traded on LSE under the ticker symbol MTRO.
How many acquisitions has Metro Bank made?
Metro Bank has made 2 acquisitions, including RateSetter, and SMEIF.
Who are Metro Bank's investors?
Metro Bank has 3 investors. Key investors include Spaldy Investments, BCR, and Reuben Brothers.
What is Metro Bank's ticker symbol?
The ticker symbol of Metro Bank is MTRO on LSE.
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