About Salaam Bank
Salaam Bank is a company based in Djibouti, Republic of Djibouti founded in 2008. It operates as a Commission-Based, and Brokerage / Intermediation. Salaam Bank has completed 3 acquisitions, including Financial Afrik, Top Finance Bank and Uwezo MFBank. Salaam Bank offers products and services including Retail Banking, Corporate Banking, Diaspora Banking, and Asset Financing. Salaam Bank operates in a competitive market with competitors including Scotiabank, CAC International Bank, Kreissparkasse Biberach and East Africa Bank, among others.
- Headquarter Djibouti, Republic of Djibouti
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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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- Legal Name Salaam African Bank
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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
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Employee Count
Employee Count
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Investments & Acquisitions
Financial Afrik
& 2 more
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Products & Services of Salaam Bank
Salaam Bank offers a comprehensive portfolio of products and services, including Retail Banking, Corporate Banking, Diaspora Banking, and Asset Financing. 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.
Accounts and financing solutions are provided for individuals.
Financial services are offered to corporate clients globally.
Specialized banking services are provided for diaspora communities.
Financing for homes and vehicles is facilitated here.
Funding Insights of Salaam 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 |
Investments & Acquisitions by Salaam Bank
Salaam Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Financial Afrik, Top Finance Bank and Uwezo MFBank. 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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Financial newspaper is published by Financial Afrik in Senegal.
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2013 | ||||
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Commercial banking services are provided to clients in Uganda.
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2012 | ||||
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Microfinance banking services are offered in Kenya by Uwezo MFBank.
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2008 |
| 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 - Salaam 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 |
Salaam Bank Comparisons
Competitors of Salaam Bank
Salaam 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, CAC International Bank, Kreissparkasse Biberach and East Africa 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 |
Commercial banking services are provided internationally by Scotiabank.
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Provides corporate and personal banking, loans, cards, and digital apps in Djibouti.
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Provides retail and business banking services with online platforms and financial products.
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| domain | founded_year | HQ Location |
Offers Sharia-compliant banking for personal, business, and corporate 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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| 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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Frequently Asked Questions about Salaam Bank
When was Salaam Bank founded?
Salaam Bank was founded in 2008.
What does Salaam Bank do?
Salaam Bank, operating as Salaam African Bank, is licensed and regulated by the Central Bank of Djibouti. Banking services are offered across retail, corporate, and diaspora segments. Financing solutions for assets like homes and vehicles are provided, alongside investment and trade financing for businesses. The bank operates in the Horn of Africa and beyond, focusing on high-quality, secure, and innovative financial solutions to support customer growth on a global scale.
Who are the top competitors of Salaam Bank?
Salaam Bank's top competitors include Scotiabank, CAC International Bank and Kreissparkasse Biberach.
What products or services does Salaam Bank offer?
Salaam Bank offers Retail Banking, Corporate Banking, Diaspora Banking, and Asset Financing.
How many acquisitions has Salaam Bank made?
Salaam Bank has made 3 acquisitions, including Financial Afrik, Top Finance Bank, and Uwezo MFBank.