About SpareBank 1
SpareBank 1 is a company based in Oslo (Norway) founded in 2009.. The company has 233 employees as of December 31, 2024. SpareBank 1 has completed 3 acquisitions, including Monner, Uni Micro and mCash. SpareBank 1 operates in a competitive market with competitors including Scotiabank, DNB, Sparebanken Sor, Aurskog Sparebank and BN Bank, among others.
- Headquarter Oslo, Norway
- Employees 233 as on 31 Dec, 2024
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sparebank 1 Sor-Norge Asa
-
Annual Revenue
$2.3 B (USD)0as on Dec 31, 2024
-
Net Profit
$457.14 M (USD)0as on Dec 31, 2024
-
EBITDA
-
Latest Funding Round
$27.51 M (USD), Debt – Conventional
Oct 01, 2019
-
Investors
-
Employee Count
233
as on Dec 31, 2024
-
Investments & Acquisitions
Monner
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of SpareBank 1
SpareBank 1 is a publicly listed company on the OSL with ticker symbol SB1NO in Norway, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Funding Insights of SpareBank 1
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $27.5M
-
First Round
First Round
(01 Oct 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Debt – Conventional - SpareBank 1 | Valuation |
investors |
|
| 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 |
Investments & Acquisitions by SpareBank 1
SpareBank 1 has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Monner, Uni Micro and mCash. 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 |
|---|---|---|---|---|---|
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
An online platform for business-investor networking and financing is operated.
|
2017 | ||||
|
Affordable, stylish luggage is manufactured for business and leisure.
|
2006 | ||||
|
Cloud-based modular accounting system offered for small and medium businesses.
|
1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SpareBank 1
| 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 |
Sparebank 1 Comparisons
Competitors of SpareBank 1
SpareBank 1 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, DNB, Sparebanken Sor, Aurskog Sparebank and BN 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.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided to individuals and corporations.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided in Norway.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Provides personal and business banking, loans, savings, and credit cards in Norway.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are offered 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 Sparebank 1
Frequently Asked Questions about SpareBank 1
When was SpareBank 1 founded?
SpareBank 1 was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is SpareBank 1 located?
SpareBank 1 is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of SpareBank 1?
Rune Fjeldstad is the current CEO of SpareBank 1.
How many employees does SpareBank 1 have?
As of Dec 31, 2024, the latest employee count at SpareBank 1 is 233.
What is the annual revenue of SpareBank 1?
Annual revenue of SpareBank 1 is $2.3B as on Dec 31, 2024.
What does SpareBank 1 do?
In 2020, the company recorded annual revenues of 481 M and a net profit of 2 B.
Who are the top competitors of SpareBank 1?
SpareBank 1's top competitors include Scotiabank, DNB and Sparebanken Sor.
Is SpareBank 1 publicly traded?
Yes, SpareBank 1 is publicly traded on OSL under the ticker symbol SB1NO.
How many acquisitions has SpareBank 1 made?
What is SpareBank 1's ticker symbol?
The ticker symbol of SpareBank 1 is SB1NO on OSL.