About SHALOM Microfinance Bank
SHALOM Microfinance Bank is a company based in Lekki (Nigeria) founded in 2016. It operates as a B2B, and B2C. SHALOM Microfinance Bank offers products and services including Micro Loans, SME Loans, Travel Loans, Savings Products, and Salary Advance. SHALOM Microfinance Bank operates in a competitive market with competitors including Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Lavender Microfinance Bank and Accion Microfinance Bank, among others.
- Headquarter Lekki, Nigeria
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Financial Services
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Products & Services of SHALOM Microfinance Bank
SHALOM Microfinance Bank offers a comprehensive portfolio of products and services, including Micro Loans, SME Loans, Travel Loans, Savings Products, and Salary Advance. 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.
Provides quick funds for individuals and small businesses
Offers capital for enterprises to expand and innovate
Finances trips with flexible repayment options
Enables secure saving for goals and emergencies
Supports immediate expenses before payday
Funding Insights of SHALOM 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 |
Investments & Acquisitions by SHALOM 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 - SHALOM 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 |
Shalom Microfinance Bank Comparisons
Competitors of SHALOM Microfinance Bank
SHALOM 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, Lavender Microfinance Bank and Accion 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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| domain | founded_year | HQ Location |
Financial products are offered to micro, small, and medium enterprises.
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| domain | founded_year | HQ Location |
Operates as a microfinance bank offering accessible financial services to individuals.
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| domain | founded_year | HQ Location |
Offers personal and business banking, loans, mobile apps, and online financial services.
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| domain | founded_year | HQ Location |
Microfinance services are extended to low-income clients in Nigeria.
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| domain | founded_year | HQ Location |
Offers loans and banking services to SMEs and women entrepreneurs in Nigeria.
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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 SHALOM Microfinance Bank
When was SHALOM Microfinance Bank founded?
SHALOM Microfinance Bank was founded in 2016.
Where is SHALOM Microfinance Bank located?
SHALOM Microfinance Bank is headquartered in Lekki, Nigeria. It is registered at Lekki, Lagos, Nigeria.
What does SHALOM Microfinance Bank do?
Shalom Microfinance Bank, established in 2016, is a Nigerian financial institution focused on empowering micro, small, and medium enterprises through tailored loans, savings plans, and services. It operates from Lagos, offering products like micro loans for quick funds, SME loans for business growth, and travel loans for personal expenses. The bank serves individuals and entrepreneurs by addressing funding challenges with flexible repayment options and expert support, promoting sustainable development.
Who are the top competitors of SHALOM Microfinance Bank?
SHALOM Microfinance Bank's top competitors include Gojo, AB Microfinance Bank Nigeria and RIGO Microfinance Bank.
What products or services does SHALOM Microfinance Bank offer?
SHALOM Microfinance Bank offers Micro Loans, SME Loans, Travel Loans, Savings Products, and Salary Advance.