About Nedbank
Nedbank is a company based in Johannesburg (South Africa) founded in 1888 was acquired by Suntera Global in May 2022. It operates as a Subscription Services, Commission-Based, and FinTech. Nedbank has completed 1 acquisition, including iKhokha. Nedbank offers products and services including Bank Accounts, Personal Loans, Credit Cards, Home Loans, and Insurance. Nedbank operates in a competitive market with competitors including Investec, Standard Bank, Bank of America, Scotiabank and FNB, among others.
- Headquarter Johannesburg, South Africa
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nedbank Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Suntera Global
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Suntera Global
(May 04, 2022)
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Products & Services of Nedbank
Nedbank offers a comprehensive portfolio of products and services, including Bank Accounts, Personal Loans, Credit Cards, Home Loans, and 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 accounts are offered for managing finances daily.
Loans are provided for achieving personal financial goals.
Credit cards are issued for convenient payment options.
Home loans are available for property purchase needs.
Insurance products are offered for personal asset protection.
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Software Development Team
146 people
Leadership Team
60 people
Human Resources and Administration
42 people
Finance and Accounting
40 people
Senior Team
30 people
Sales and Marketing
26 people
Product Management Team
24 people
Legal and Compliance
20 people
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Funding Insights of Nedbank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2005 | Amount | Post-IPO - Nedbank | 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 Nedbank
Nedbank has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Suntera Global and Aka 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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Aka Capital is engaged in private equity and investment holdings.
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Founded Year | Domain | Location | |
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Governance, compliance, and responsible management services are provided globally.
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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 Nedbank
Nedbank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include iKhokha. 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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Diversified payment solutions are provided for businesses across multiple platforms.
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2012 |
| 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 - Nedbank
| 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 |
Nedbank Comparisons
Competitors of Nedbank
Nedbank 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, Standard Bank, Bank of America, Scotiabank and FNB, 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 |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided across 20 African countries.
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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 |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided by FNB in South Africa.
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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 Nedbank
Frequently Asked Questions about Nedbank
When was Nedbank founded?
Nedbank was founded in 1888 and raised its 1st funding round 117 years after it was founded.
Where is Nedbank located?
Nedbank is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Who is the current CEO of Nedbank?
Mike Brown is the current CEO of Nedbank.
What does Nedbank do?
Nedbank is established as a leading financial institution in South Africa, offering a wide range of banking solutions including personal accounts, credit cards, loans, and insurance products. Services are extended to both individual and corporate clients across various sectors. Digital banking is emphasized through tools like the Nedbank Money app and Enbi, an AI-powered chatbot for customer assistance. Investment and wealth planning services are also provided to support financial growth and security for clients.
Who are the top competitors of Nedbank?
Nedbank's top competitors include Investec, Scotiabank and Standard Bank.
What products or services does Nedbank offer?
Nedbank offers Bank Accounts, Personal Loans, Credit Cards, Home Loans, and Insurance.
How many acquisitions has Nedbank made?
Nedbank has made 1 acquisition, including iKhokha.
Who are Nedbank's investors?
Nedbank has 2 investors. Key investors include Suntera Global, and Aka Capital.
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