About Royal Exchange
Royal Exchange is a company based in Lagos (Nigeria) founded in 1720.. The company has 22 employees as of December 31, 2024. Royal Exchange offers products and services including Asset Management Services and Insurance Solutions. Royal Exchange operates in a competitive market with competitors including Intact Ventures, SUNU Assurances Nigeria, Guinea Insurance, Staco Insurance and Veritas Kapital, among others.
- Headquarter Lagos, Nigeria
- Employees 22 as on 31 Dec, 2024
- Stage Public
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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 Royal Exchange Plc
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Annual Revenue
$0 (USD)17.73as on Dec 31, 2024
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Net Profit
$0 (USD)159.31as on Dec 31, 2024
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EBITDA
$0 (USD)175.14as on Dec 31, 2024
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Latest Funding Round
$1.34 M (USD), Post-IPO
Apr 16, 2024
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Investors
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Employee Count
22
as on Dec 31, 2024
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IPO & Listings of Royal Exchange
Royal Exchange is a publicly listed company on the NSENG with ticker symbol ROYALEX in Nigeria, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Royal Exchange
Royal Exchange offers a comprehensive portfolio of products and services, including Asset Management Services and Insurance Solutions. 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.
Manages investment portfolios in insurance and other sectors.
Provides financial security through partnerships in insurance hubs.
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Funding Insights of Royal Exchange
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $1.3M
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First Round
First Round
(16 Apr 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Post-IPO - Royal Exchange | Valuation |
investors |
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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 |
Investments & Acquisitions by Royal Exchange
| 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 - Royal Exchange
| 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 |
Royal Exchange Comparisons
Competitors of Royal Exchange
Royal Exchange 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 Intact Ventures, SUNU Assurances Nigeria, Guinea Insurance, Staco Insurance and Veritas Kapital, 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 |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
Property and casualty insurance is offered in Nigeria.
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| domain | founded_year | HQ Location |
Diversified property and casualty insurance is offered in Nigeria.
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided in Nigeria.
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| domain | founded_year | HQ Location |
Operates as a property and casualty insurance carrier, providing tailored coverage solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Royal Exchange
Frequently Asked Questions about Royal Exchange
When was Royal Exchange founded?
Royal Exchange was founded in 1720 and raised its 1st funding round 304 years after it was founded.
Where is Royal Exchange located?
Royal Exchange is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
How many employees does Royal Exchange have?
As of Dec 31, 2024, the latest employee count at Royal Exchange is 22.
What does Royal Exchange do?
Royal Exchange was founded in 1720 and functions as a property and casualty insurance carrier. Operations are centered in Lagos, Nigeria, where coverage for risks such as property damage, liability, and related perils is offered to clients. Services encompass underwriting, claims processing, and policy management within the insurance sector. The company maintains its domain at royalexchangeplc.com, supporting regional business activities in West Africa.
Who are the top competitors of Royal Exchange?
Royal Exchange's top competitors include Intact Ventures, SUNU Assurances Nigeria and Guinea Insurance.
What products or services does Royal Exchange offer?
Royal Exchange offers Asset Management Services and Insurance Solutions.
Is Royal Exchange publicly traded?
Yes, Royal Exchange is publicly traded on NSENG under the ticker symbol ROYALEX.
What is Royal Exchange's ticker symbol?
The ticker symbol of Royal Exchange is ROYALEX on NSENG.
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