About Sidian Bank
Sidian Bank is a company based in Nairobi (Kenya) founded in 1984 was acquired by Access Bank in June 2022.. Sidian Bank has raised $11.93 million across 6 funding rounds from investors including Access Bank, IFU and Triodos Investment Management. Sidian Bank operates in a competitive market with competitors including Scotiabank, I&M Bank, Family Bank, Diamond Trust Bank and Chase Bank, among others.
- Headquarter Nairobi, Kenya
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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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Total Equity Funding
$11.93 M (USD)
in 6 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Oct 26, 2021
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Investors
Access Bank
& 4 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Sidian Bank
Sidian Bank has successfully raised a total of $11.93M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(01 Dec 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Debt – Conventional - Sidian Bank | Valuation |
investors |
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| Nov, 2019 | Amount | Debt – Conventional - Sidian Bank | Valuation |
investors |
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| Oct, 2019 | Amount | Debt – Conventional - Sidian 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 Sidian Bank
Sidian Bank has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Access Bank, IFU and Triodos Investment Management. 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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Diversified investment portfolios are managed for various clients.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Private equity investment firm
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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 Sidian 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 - Sidian 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 |
Sidian Bank Comparisons
Competitors of Sidian Bank
Sidian 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, I&M Bank, Family Bank, Diamond Trust Bank and Chase 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 |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Kenya.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to clients in Kenya.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial bank
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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 Sidian Bank
Frequently Asked Questions about Sidian Bank
When was Sidian Bank founded?
Sidian Bank was founded in 1984 and raised its 1st funding round 32 years after it was founded.
Where is Sidian Bank located?
Sidian Bank is headquartered in Nairobi, Kenya.
Is Sidian Bank a funded company?
Sidian Bank is a funded company, having raised a total of $11.93M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $3M, raised on Dec 01, 2016.
What does Sidian Bank do?
Sidian Bank was founded in 1984 and is based in Nairobi, Kenya. Commercial banking operations are conducted, with services including loans, savings accounts, and payment processing for businesses and individuals. Focus is placed on the Kenyan financial sector, where retail and corporate needs are addressed. The banks online presence is maintained via sidianbank.co.ke.
Who are the top competitors of Sidian Bank?
Sidian Bank's top competitors include Scotiabank, Family Bank and I&M Bank.
Who are Sidian Bank's investors?
Sidian Bank has 5 investors. Key investors include Access Bank, IFU, Triodos Investment Management, Oikocredit, and Centum.
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