About RIGO Microfinance Bank
RIGO Microfinance Bank is a company based in Lekki (Nigeria) founded in 2017 was acquired by NucleusIS Africa in December 2024.. RIGO Microfinance Bank operates in a competitive market with competitors including Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Kenechukwu Microfinance Bank and Lavender Microfinance Bank, among others.
- Headquarter Lekki, Nigeria
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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
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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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Employee Count
Employee Count
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Acquired by
NucleusIS Africa
(Dec 19, 2024)
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Funding Insights of RIGO Microfinance Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 RIGO Microfinance Bank
RIGO Microfinance Bank has secured backing from 1 investor. Prominent investors backing the company include Nucleusis. 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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Technology and finance infrastructure is provided for Africa's healthcare industry.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by RIGO Microfinance 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 - RIGO Microfinance 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 |
Rigo Microfinance Bank Comparisons
Competitors of RIGO Microfinance Bank
RIGO Microfinance 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 Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Kenechukwu Microfinance Bank and Lavender Microfinance 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 |
Microcredit is extended to individuals and businesses in need.
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Financial products are offered to micro, small, and medium enterprises.
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Operates as a microfinance bank offering accessible financial services to individuals.
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Operates as a microfinance bank providing financial services.
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Offers personal and business banking, loans, mobile apps, and online financial services.
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Delivers comprehensive microfinancing services to clients.
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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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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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Frequently Asked Questions about RIGO Microfinance Bank
When was RIGO Microfinance Bank founded?
RIGO Microfinance Bank was founded in 2017.
Where is RIGO Microfinance Bank located?
RIGO Microfinance Bank is headquartered in Lekki, Nigeria. It is registered at Lekki, Lagos, Nigeria.
Who is the current CEO of RIGO Microfinance Bank?
Adolphus Abraham is the current CEO of RIGO Microfinance Bank.
What does RIGO Microfinance Bank do?
RIGO Microfinance Bank was established in 2017 and is headquartered in Lekki, Nigeria. Operations focus on the financial sector, where banking services tailored for individuals and micro, small, and medium enterprises are delivered. Core offerings include loans, savings accounts, and other microfinance products to support economic activities in the region. Leadership is provided by CEO MD Adolphus Abraham.
Who are the top competitors of RIGO Microfinance Bank?
RIGO Microfinance Bank's top competitors include Gojo, AB Microfinance Bank Nigeria and NPF Microfinance Bank.
Who are RIGO Microfinance Bank's investors?
RIGO Microfinance Bank has 1 investor. Key investors include Nucleusis.
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