About Standard Bank
Standard Bank is a company based in Johannesburg (South Africa) founded in 1862. It operates as a API-as-a-Product, Professional Services, and Brokerage / Intermediation. Standard Bank has completed 1 acquisition, including Waco International. Standard Bank offers products and services including Personal and Private Banking, Business and Commercial Banking, Corporate and Investment Banking, Insurance and Asset Management, and API Marketplace. Standard Bank operates in a competitive market with competitors including Investec, Scotiabank, Bank of America, Nedbank and FNB, among others.
- Headquarter Johannesburg, South Africa
- Stage Public
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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- Legal Name Standard Bank Group Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$25 M (USD), Debt – Conventional
Apr 01, 2014
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Standard Bank
Standard Bank offers a comprehensive portfolio of products and services, including Personal and Private Banking, Business and Commercial Banking, Corporate and Investment Banking, Insurance and Asset Management, and API Marketplace. 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.
Personal banking solutions are provided for individual clients.
Banking services are offered to business and commercial clients.
Investment banking solutions are delivered to corporate clients.
Insurance and asset management services are provided to clients.
Digital banking APIs are offered for innovative solutions.
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Software Development Team
254 people
Leadership Team
65 people
Finance and Accounting
62 people
Senior Team
43 people
Head Team
41 people
Data Analysis and Operations Team
33 people
Head: Team
27 people
Human Resources and Administration
26 people
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Funding Insights of Standard Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $25.0M
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First Round
First Round
(01 Apr 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2014 | Amount | Debt – Conventional - Standard Bank | Valuation |
investors |
| 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 |
Investors in Standard Bank
Standard Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include British International Investment. 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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Government agency focused on small and medium-sized businesses
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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 Standard Bank
Standard Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Waco International. 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 |
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Arts and cultural event venues and programming are provided.
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1952 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Standard 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 |
Standard Bank Comparisons
Competitors of Standard Bank
Standard 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 Investec, Scotiabank, Bank of America, Nedbank and FNB, 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 |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Nedbank is recognized as a provider of personal and business banking services.
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Commercial banking services are provided by FNB in South Africa.
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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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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 Standard Bank
Frequently Asked Questions about Standard Bank
When was Standard Bank founded?
Standard Bank was founded in 1862 and raised its 1st funding round 152 years after it was founded.
Where is Standard Bank located?
Standard Bank is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Standard Bank do?
Standard Bank Group is established as a prominent financial services provider with a strong focus on Africa. Operations are conducted across 20 sub-Saharan African countries, supported by global centers and offshore hubs. Banking solutions are offered in personal, private, business, commercial, and corporate sectors. Insurance and asset management services are also provided to diverse clients. Digital banking innovations, such as the API Marketplace, are developed to enhance client experiences. Sustainable growth is prioritized through environmental, social, and governance initiatives. Partnerships are forged to navigate complex regulatory landscapes and support economic transformation across the continent.
Who are the top competitors of Standard Bank?
Standard Bank's top competitors include Investec, Scotiabank and Bank of America.
What products or services does Standard Bank offer?
Standard Bank offers Personal and Private Banking, Business and Commercial Banking, Corporate and Investment Banking, Insurance and Asset Management, and API Marketplace.
How many acquisitions has Standard Bank made?
Standard Bank has made 1 acquisition, including Waco International.
Who are Standard Bank's investors?
Standard Bank has 1 investor. Key investors include British International Investment.
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