Oceanic Bank

Abuja, Nigeria Founded: 2010 • Age: 16 yrs Acquired By Ecobank
Commercial banking services are provided to clients in Nigeria.
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About Oceanic Bank

Oceanic Bank is a company based in Abuja (Nigeria) founded in 2010 was acquired by Ecobank in October 2011.. Oceanic Bank operates in a competitive market with competitors including Scotiabank, Guaranty Trust Bank, First Bank of Nigeria, Zenith Bank and First City Monument Bank, among others.

  • Headquarter Abuja, Nigeria
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
Operational Areas
Financial Services → Banking & Financial Institutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Ecobank

    (Oct 24, 2011)

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Funding Insights of Oceanic Bank

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Oceanic Bank

Oceanic Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ecobank. 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.

All
Institutional
Investor Description Founded Year Domain Location
Commercial banking services are offered across African markets.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Oceanic Bank

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Oceanic Bank

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Oceanic Bank Comparisons

Employees
+
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Competitors of Oceanic Bank

Oceanic 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, Guaranty Trust Bank, First Bank of Nigeria, Zenith Bank and First City Monument 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
domain founded_year HQ Location
Commercial banking services are provided internationally by Scotiabank.
domain founded_year HQ Location
Nigerian multinational financial institution
domain founded_year HQ Location
Commercial banking services are provided across Nigeria.
domain founded_year HQ Location
Banking and financial services are provided to individuals and businesses.
domain founded_year HQ Location
Virtual consultations with certified doctors are facilitated online.
domain founded_year HQ Location
Commercial banking services are offered in Nigeria's financial sector.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Oceanic Bank

Frequently Asked Questions about Oceanic Bank

When was Oceanic Bank founded?

Oceanic Bank was founded in 2010.

Where is Oceanic Bank located?

Oceanic Bank is headquartered in Abuja, Nigeria. It is registered at Abuja, Federal Capital Territory, Nigeria.

What does Oceanic Bank do?

Oceanic Bank was established in 2010 as a commercial bank based in Abuja, Nigeria. Operations are focused on the financial sector, where deposit accounts, loans, and payment services are offered to businesses and individuals. The banks domain, oceanicbank.com, supports online banking access. Activities are centered in Nigeria, with regulatory compliance maintained under local financial authorities. Expansion within the region is pursued through standard banking practices.

Who are the top competitors of Oceanic Bank?

Oceanic Bank's top competitors include Scotiabank, First City Monument Bank and Guaranty Trust Bank.

Who are Oceanic Bank's investors?

Oceanic Bank has 1 investor. Key investors include Ecobank.

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