About TARGOBANK
TARGOBANK is a company based in Dusseldorf (Germany) founded in 1926 was acquired by ABANCA in December 2022.. TARGOBANK has completed 1 acquisition, including Oldenburgische Landesbank. TARGOBANK offers products and services including Online-Kredit, Girokonto, Kreditkarte, and Tagesgeldkonto. TARGOBANK operates in a competitive market with competitors including SVB, Bank of America, Scotiabank, UniCredit and Deutsche Bank, among others.
- Headquarter Dusseldorf, Germany
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Targobank Ag
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
ABANCA
(Dec 22, 2022)
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Products & Services of TARGOBANK
TARGOBANK offers a comprehensive portfolio of products and services, including Online-Kredit, Girokonto, Kreditkarte, and Tagesgeldkonto. 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.
Platform for quick online credit applications and approvals
Account for daily transactions and payments
Card for purchases and bonus rewards
Account offering interest on daily deposits
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Software Development Team
27 people
Leadership Team
6 people
Sales and Marketing
4 people
Human Resources and Administration
3 people
Legal and Compliance
3 people
Business Team
2 people
Vertriebsdirektor Team
1 people
Ausbildungskoordinatorin Team
1 people
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Funding Insights of TARGOBANK
| 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 TARGOBANK
TARGOBANK has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ABANCA. 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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Commercial banking services are provided across Spain by ABANCA.
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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 TARGOBANK
TARGOBANK has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Oldenburgische Landesbank. 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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Commercial bank
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1869 |
| 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 - TARGOBANK
| 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 |
Targobank Comparisons
Competitors of TARGOBANK
TARGOBANK 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 SVB, Bank of America, Scotiabank, UniCredit and Deutsche 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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Banking services are provided to innovative companies, investors, and individuals.
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Commercial banking and asset management services are offered worldwide.
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Commercial banking services are provided internationally by Scotiabank.
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Commercial bank
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Diversified banking and financial services are provided globally.
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Digital wealth management for individual private equity investments is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Targobank
Frequently Asked Questions about TARGOBANK
When was TARGOBANK founded?
TARGOBANK was founded in 1926.
Where is TARGOBANK located?
TARGOBANK is headquartered in Dusseldorf, Germany. It is registered at Dusseldorf, North Rhine-westphalia, Germany.
What does TARGOBANK do?
Targobank was established in 1926 and is headquartered in Dusseldorf, Germany. Operations are conducted as a commercial bank within the financial sector, where retail and corporate banking services are offered. These include deposit accounts, loans, mortgages, and investment options, primarily serving customers throughout Germany. The banks domain, targobank.de, supports online access to these services. Focus is maintained on standard banking activities without emphasis on specialized niches.
Who are the top competitors of TARGOBANK?
TARGOBANK's top competitors include SVB, Scotiabank and Deutsche Bank.
What products or services does TARGOBANK offer?
TARGOBANK offers Online-Kredit, Girokonto, Kreditkarte, and Tagesgeldkonto.
How many acquisitions has TARGOBANK made?
TARGOBANK has made 1 acquisition, including Oldenburgische Landesbank.
Who are TARGOBANK's investors?
TARGOBANK has 1 investor. Key investors include ABANCA.