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
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Net Profit
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EBITDA
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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
Employee Count
- 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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $5.0M
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First Round
First Round
(02 Apr 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Unspecified - Midland Bank | Valuation | Aavishkaar Capital |
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| 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 Midland Bank
Midland Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Aavishkaar Capital. 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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Venture capital firm
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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 Midland Bank
Midland Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lanvin. 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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Designer and retailer of luxury clothing and accessories
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1889 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Midland 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 |
Midland Bank Comparisons
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. 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 |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Bangladesh since 2001.
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| domain | founded_year | HQ Location |
Retail banking services are provided to customers in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial banking services are provided through Islamic principles in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Bangladesh.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Midland Bank
Frequently Asked Questions about Midland Bank
When was Midland Bank founded?
Midland Bank was founded in 1994 and raised its 1st funding round 30 years after it was founded.
Where is Midland Bank located?
Midland Bank is headquartered in Dhaka, Bangladesh.
Is Midland Bank a funded company?
Midland Bank is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Unspecified of $5M, raised on Apr 02, 2024.
What does Midland Bank do?
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.
Who are the top competitors of Midland Bank?
Midland Bank's top competitors include Scotiabank, BRAC Bank and Social Islami Bank.
What products or services does Midland Bank offer?
Midland Bank offers MDB Digital Savings, MDB Personal Loan, MDB Home Loan, and MDB Debit Card.
How many acquisitions has Midland Bank made?
Midland Bank has made 1 acquisition, including Lanvin.
Who are Midland Bank's investors?
Midland Bank has 1 investor. Key investors include Aavishkaar Capital.