About Telenor Microfinance Bank
Telenor Microfinance Bank is a company based in Karachi (Pakistan) founded in 2005.. Telenor Microfinance Bank has raised $245 million across 4 funding rounds from investors including Ant Group. Telenor Microfinance Bank operates in a competitive market with competitors including Gojo, U Microfinance Bank, FINCA Microfinance Bank, Khushhali Microfinance Bank and Kashf, among others.
- Headquarter Karachi, Pakistan
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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
$245 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series D
Nov 30, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Telenor Microfinance Bank
Telenor Microfinance Bank has successfully raised a total of $245M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $15 million completed in November 2022. 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 4
- Last Round Series D — $15.0M
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First Round
First Round
(17 Mar 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series D - Telenor Microfinance Bank | Valuation | Ant Group |
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| Sep, 2020 | Amount | Series D - Telenor Microfinance Bank | Valuation | Ant Group |
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| Dec, 2019 | Amount | Series D - Telenor Microfinance Bank | Valuation | Ant Group |
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| 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 Telenor Microfinance Bank
Telenor Microfinance Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ant Group. 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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Payment processing solution for consumers, small and micro 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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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 Telenor 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 - Telenor 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 |
Telenor Microfinance Bank Comparisons
Competitors of Telenor Microfinance Bank
Telenor 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, U Microfinance Bank, FINCA Microfinance Bank, Khushhali Microfinance Bank and Kashf, 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 |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Microfinance services are provided to underserved communities in Pakistan.
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| domain | founded_year | HQ Location |
Microfinance services are extended to low-income clients in Pakistan.
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| domain | founded_year | HQ Location |
Microfinance services are extended to underserved communities in Pakistan.
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| domain | founded_year | HQ Location |
Microcredit is extended to low-income individuals and entrepreneurs.
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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 Telenor Microfinance Bank
Frequently Asked Questions about Telenor Microfinance Bank
When was Telenor Microfinance Bank founded?
Telenor Microfinance Bank was founded in 2005 and raised its 1st funding round 13 years after it was founded.
Where is Telenor Microfinance Bank located?
Telenor Microfinance Bank is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is Telenor Microfinance Bank a funded company?
Telenor Microfinance Bank is a funded company, having raised a total of $245M across 4 funding rounds to date. The company's 1st funding round was a Series D of $70M, raised on Mar 17, 2018.
What does Telenor Microfinance Bank do?
Telenor Microfinance Bank was established in 2005 and is headquartered in Karachi, Pakistan. Operations are focused on the microfinance sector, where financial inclusion is supported through banking products tailored for underserved communities. Services such as microloans, savings accounts, and digital payment solutions are offered across the country. The bank functions under regulatory oversight in Pakistans financial landscape, emphasizing accessible credit and deposit mechanisms for low-income segments.
Who are the top competitors of Telenor Microfinance Bank?
Telenor Microfinance Bank's top competitors include Gojo, U Microfinance Bank and FINCA Microfinance Bank.
Who are Telenor Microfinance Bank's investors?
Telenor Microfinance Bank has 1 investor. Key investors include Ant Group.