Sbanken

Bergen, Norway Founded: 2000 • Age: 26 yrs Acquired By DNB
Digital bank for consumers and businesses
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About Sbanken

Sbanken is a company based in Bergen (Norway) founded in 2000 was acquired by DNB in April 2021.. Sbanken offers products and services including Bank App, Boliglån, and Sparekonto. Sbanken operates in a competitive market with competitors including Lunar, Bank Norwegian, Aprila Bank, Instabank and Lea bank, among others.

  • Headquarter Bergen, Norway
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Dnb Bank Asa
Operational Areas
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    DNB

    (Apr 15, 2021)

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Products & Services of Sbanken

Sbanken offers a comprehensive portfolio of products and services, including Bank App, Boliglån, and Sparekonto. 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.

Primary

App for managing loans, savings, and payments securely online.

Home loan product with competitive rates and fee-free options.

Account for saving money with interest and easy access.

People of Sbanken
Headcount 200-500
Employee Profiles 14
Employee Profiles
People
Öyvind Thomassen
CEO Sbanken
People
Jens-Petter Hoddevik
Datavarehusutvikler
People
Jakob Birkeland
Kunderådgiver Finans
People
Mathias Sørensen
Autorisert Kredittrådgiver

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Funding Insights of Sbanken

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 Sbanken

Sbanken has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include DNB. 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 provided to individuals and corporations.
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 Sbanken

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 - Sbanken

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

Sbanken Comparisons

Employees
+
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Competitors of Sbanken

Sbanken 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 Lunar, Bank Norwegian, Aprila Bank, Instabank and Lea 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
Lunar is recognized as a digital bank offering innovative financial solutions.
domain founded_year HQ Location
Digital bank for individuals
domain founded_year HQ Location
Online platform for invoice financing
domain founded_year HQ Location
Internet first bank
domain founded_year HQ Location
Digital retail banking services are offered to customers in Norway.
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 Sbanken

Frequently Asked Questions about Sbanken

When was Sbanken founded?

Sbanken was founded in 2000.

Where is Sbanken located?

Sbanken is headquartered in Bergen, Norway. It is registered at Bergen, Vestland, Norway.

Who is the current CEO of Sbanken?

Yhovden Magnar is the current CEO of Sbanken.

What does Sbanken do?

Sbanken was established in 2000 in Bergen, Norway, as a digital bank serving consumers and businesses. Operations focus on financial products such as deposit and checking accounts, consumer loans, mortgage loans, accounting services, stocks, and funds. An app-based platform is provided for iOS and Android devices to facilitate access to these services across the region.

Who are the top competitors of Sbanken?

Sbanken's top competitors include Lunar, Aprila Bank and Lea bank.

What products or services does Sbanken offer?

Sbanken offers Bank App, Boliglån, and Sparekonto.

Who are Sbanken's investors?

Sbanken has 1 investor. Key investors include DNB.

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