About Midland Bank
Midland Bank is a company based in Dhaka (Bangladesh) founded in 1994. Midland Bank has raised $5 million across 1 funding round from investors including Aavishkaar Capital. Midland Bank has completed 1 acquisition, including Lanvin. Midland Bank offers products and services including MDB Digital Savings, MDB Personal Loan, MDB Home Loan, and MDB Debit Card. Midland Bank operates in a competitive market with competitors including Scotiabank, BRAC Bank, Mutual Trust Bank, Social Islami Bank and Dhaka Bank, among others.
- Headquarter Dhaka, Bangladesh
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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 Midland Bank Plc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Unspecified
Apr 02, 2024
- Investors
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Midland Bank
Midland Bank offers a comprehensive portfolio of products and services, including MDB Digital Savings, MDB Personal Loan, MDB Home Loan, and MDB Debit Card.
Online account for easy savings and fund management.
Personal loans for various needs with flexible repayment options.
Loans for home purchase or construction with competitive rates.
Debit card for transactions and ATM access.
People of Midland Bank
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Funding Insights of Midland Bank
Midland Bank has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $5 million completed in April 2024. 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.
Investors in Midland Bank
Midland Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Aavishkaar Capital.
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Venture capital firm
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Investor details for Midland Bank
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Investments & Acquisitions by Midland Bank
Midland Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lanvin.
Investment portfolio details for Midland Bank
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- Transaction dates
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Designer and retailer of luxury clothing and accessories
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Complete acquisition details for Midland Bank
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Financial Statements - Midland Bank
Detailed financials for Midland Bank
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Midland Bank Comparisons
Peer comparison for Midland Bank
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Competitors of Midland Bank
Midland 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, BRAC Bank, Mutual Trust Bank, Social Islami Bank and Dhaka Bank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided in Bangladesh since 2001.
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Retail banking services are provided to customers in Bangladesh.
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Commercial banking services are provided through Islamic principles in Bangladesh.
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Commercial banking services are offered in Bangladesh.
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Detailed competitors of Midland Bank
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Latest news on Midland Bank
Complete news archive for Midland Bank
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Frequently Asked Questions about Midland Bank
Midland Bank was founded in 1994 and raised its 1st funding round 30 years after it was founded.
Midland Bank is headquartered in Dhaka, Bangladesh.
Midland Bank is a funded company, having raised a total of $5M across 1 funding round to date.
Midland Bank was founded in 1994 in Dhaka, Bangladesh, as a commercial bank. Core operations encompass retail and corporate banking, with services such as deposit accounts, credit facilities, and trade financing extended to clients. The institution is headquartered in Dhaka and maintains a focus on the Bangladeshi market, accessible via its domain midlandbankbd.net. Financial transactions are processed in line with local regulations.
Midland Bank's top competitors include Scotiabank, BRAC Bank and Social Islami Bank.
Midland Bank offers MDB Digital Savings, MDB Personal Loan, MDB Home Loan, and MDB Debit Card.
Midland Bank has made 1 acquisition, including Lanvin.
Midland Bank has 1 investor. Key investors include Aavishkaar Capital.