About Seylan Bank
Seylan Bank is a company based in Colombo (Sri Lanka) founded in 1987.. Seylan Bank operates in a competitive market with competitors including Scotiabank, Sampath Bank, Nations Trust Bank, DFCC Bank and Commercial Bank of Ceylon, among others.
- Headquarter Colombo, Sri Lanka
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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
$75 M (USD), Debt – Conventional
May 15, 2017
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Investors
The National Bank of Ras Al Khaimah
& 4 more
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Employee Count
Employee Count
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Funding Insights of Seylan Bank
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $75.0M
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First Round
First Round
(29 Nov 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Debt – Conventional - Seylan Bank | Valuation |
investors |
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| Apr, 2017 | Amount | Debt – Conventional - Seylan Bank | Valuation |
investors |
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| Nov, 2016 | Amount | Debt – Conventional - Seylan Bank | Valuation |
investors |
| 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 Seylan Bank
Seylan Bank has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include The National Bank of Ras Al Khaimah, European Development Finance Institutions and DEG. 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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Private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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Offers loans, grants, and finance for international development in key sectors worldwide.
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Founded Year | Domain | Location | |
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Development financing for sustainable projects is provided by OeEB.
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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 Seylan 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 - Seylan 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 |
Seylan Bank Comparisons
Competitors of Seylan Bank
Seylan 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, Sampath Bank, Nations Trust Bank, DFCC Bank and Commercial Bank of Ceylon, 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 |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Sri Lanka.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Sri Lanka since 1999.
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| domain | founded_year | HQ Location |
Commercial Bank
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| domain | founded_year | HQ Location |
Serves as a commercial bank offering a wide range of financial services to individuals and businesses.
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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 Seylan Bank
Frequently Asked Questions about Seylan Bank
When was Seylan Bank founded?
Seylan Bank was founded in 1987 and raised its 1st funding round 29 years after it was founded.
Where is Seylan Bank located?
Seylan Bank is headquartered in Colombo, Sri Lanka. It is registered at Colombo, Western Province, Sri Lanka.
Who is the current CEO of Seylan Bank?
kapila Ariyaratne is the current CEO of Seylan Bank.
What does Seylan Bank do?
Seylan Bank was established in 1987 and is based in Colombo, Sri Lanka. Operations as a commercial bank encompass deposit accounts, lending facilities, and digital financial solutions for retail and corporate clients. Services are delivered across the Sri Lankan market, with online access facilitated through the domain seylan.lk. The role of CEO is filled by Kapila Ariyaratne, overseeing day-to-day activities in the banking sector.
Who are the top competitors of Seylan Bank?
Seylan Bank's top competitors include Scotiabank, DFCC Bank and Sampath Bank.
Who are Seylan Bank's investors?
Seylan Bank has 5 investors. Key investors include The National Bank of Ras Al Khaimah, European Development Finance Institutions, DEG, OeEB, and OPEC Fund for International Development.
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