About Optus Bank
Optus Bank is a company based in Columbia (United States) founded in 1921.. Optus Bank has raised $57 million across 7 funding rounds from investors including PayPal, South State Bank and Duke Energy. Optus Bank offers products and services including Personal Banking, Business Banking, Mobile and Web Banking, and Personal and Business Lending. Optus Bank operates in a competitive market with competitors including Kiva, Gojo, FINCA Impact Finance, FINCA and African Dawn, among others.
- Headquarter Columbia, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Optus Bank, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57 M (USD)
in 7 rounds
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Latest Funding Round
$2 M (USD), Series C
Oct 05, 2021
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Investors
PayPal
& 4 more
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Employee Count
Employee Count
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Products & Services of Optus Bank
Optus Bank offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, Mobile and Web Banking, and Personal and Business Lending. 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.
Offers accounts like CDs and IRAs for individual financial needs.
Provides accounts and lending for business operations and growth.
Enables account management and transactions via mobile apps and websites.
Facilitates loans including home loans for personal and commercial purposes.
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Funding Insights of Optus Bank
Optus Bank has successfully raised a total of $57M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $2 million completed in October 2021. 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 Series C — $2.0M
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First Round
First Round
(09 Jul 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series C - Optus Bank | Valuation |
investors |
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| Jul, 2021 | Amount | Debt – Conventional - Optus Bank | Valuation |
investors |
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| Feb, 2021 | Amount | Series C - Optus Bank | Valuation | Wells Fargo |
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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 Optus Bank
Optus Bank has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include PayPal, South State Bank and Duke Energy. 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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Commercial banking services are provided throughout the southeastern United States.
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Founded Year | Domain | Location | |
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location | |
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Renewable electricity is produced and distributed across multiple states.
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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 Optus Bank
| 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 |
Financial Statements - Optus 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 |
Optus Bank Comparisons
Competitors of Optus Bank
Optus 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 Kiva, Gojo, FINCA Impact Finance, FINCA and African Dawn, 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 |
Microloans are facilitated globally to entrepreneurs through Kiva.
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| domain | founded_year | HQ Location |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Microfinance banking services are provided to underserved markets worldwide.
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| domain | founded_year | HQ Location |
Microfinancing services are provided by a not-for-profit association.
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| domain | founded_year | HQ Location |
Micro-credit is extended to low-income individuals and businesses.
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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 Optus Bank
Frequently Asked Questions about Optus Bank
When was Optus Bank founded?
Optus Bank was founded in 1921 and raised its 1st funding round 87 years after it was founded.
Where is Optus Bank located?
Optus Bank is headquartered in Columbia, United States.
Is Optus Bank a funded company?
Optus Bank is a funded company, having raised a total of $57M across 7 funding rounds to date.
What does Optus Bank do?
Optus Bank was founded in 1921 and operates as a microfinance institution in Columbia, United States. Small-scale loans and financial services are extended to low-income individuals and small businesses. Core activities focus on promoting financial inclusion through accessible banking products. The banks domain, optus.bank, supports online operations. Emphasis is placed on community-based lending within the microfinance sector, with services tailored to local economic needs.
Who are the top competitors of Optus Bank?
Optus Bank's top competitors include Kiva, Gojo and FINCA Impact Finance.
What products or services does Optus Bank offer?
Optus Bank offers Personal Banking, Business Banking, Mobile and Web Banking, and Personal and Business Lending.
Who are Optus Bank's investors?
Optus Bank has 5 investors. Key investors include PayPal, South State Bank, Duke Energy, Wells Fargo, and U.S. Department of the Treasury.