About The Bank of Industry
The Bank of Industry is a company based in Lagos (Nigeria) founded in 2001.. The Bank of Industry offers products and services including FGN MSME Intervention Fund, Renewable Energy Support, and Agro Processing Loans. The Bank of Industry operates in a competitive market with competitors including Moniepoint, GE Capital, Renmoney, AB Microfinance Bank Nigeria and KJMC Finserv Group, among others.
- Headquarter Lagos, Nigeria
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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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- Legal Name Bank Of Industry 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
$106.84 M (USD), Debt – Conventional
Nov 13, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of The Bank of Industry
The Bank of Industry offers a comprehensive portfolio of products and services, including FGN MSME Intervention Fund, Renewable Energy Support, and Agro Processing Loans. 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.
Provides funding to support micro, small, and medium enterprises in Nigeria
Offers capital for solar and bioenergy projects to promote sustainability
Delivers funds for processing and packaging agricultural produce
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Funding Insights of The Bank of Industry
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $106.8M
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First Round
First Round
(14 Feb 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2023 | Amount | Debt – Conventional - The Bank of Industry | Valuation |
investors |
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| Feb, 2022 | Amount | Debt – Conventional - The Bank of Industry | Valuation |
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| 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 |
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Investors in The Bank of Industry
The Bank of Industry has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Agence Francaise de Developpement. 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.
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France's development is advanced by this government agency.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by The Bank of Industry
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The Bank of Industry
| 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 |
The Bank Of Industry Comparisons
Competitors of The Bank of Industry
The Bank of Industry 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 Moniepoint, GE Capital, Renmoney, AB Microfinance Bank Nigeria and KJMC Finserv Group, 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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Integrated financial services are provided for businesses and individuals.
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Commercial aircraft and equipment leasing and lending services are provided.
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Diversified lending services are provided as a non-banking financial institution.
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Financial products are offered to micro, small, and medium enterprises.
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Corporate advisory firm
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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 The Bank Of Industry
Frequently Asked Questions about The Bank of Industry
When was The Bank of Industry founded?
The Bank of Industry was founded in 2001 and raised its 1st funding round 21 years after it was founded.
Where is The Bank of Industry located?
The Bank of Industry is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of The Bank of Industry?
Olukayode A Pitan is the current CEO of The Bank of Industry.
What does The Bank of Industry do?
Founded in 2001 and headquartered in Lagos, Nigeria, The Bank of Industry operates within the financial sector. Loans and credit facilities are extended to businesses and industrial enterprises across the country. Focus is placed on funding projects in manufacturing, agriculture, and other key sectors. Operations are managed under the leadership of Olukayode A Pitan, serving as CEO and Managing Director. The domain boi.ng is utilized for online services.
Who are the top competitors of The Bank of Industry?
The Bank of Industry's top competitors include Moniepoint, GE Capital and KJMC Finserv Group.
What products or services does The Bank of Industry offer?
The Bank of Industry offers FGN MSME Intervention Fund, Renewable Energy Support, and Agro Processing Loans.
Who are The Bank of Industry's investors?
The Bank of Industry has 1 investor. Key investors include Agence Francaise de Developpement.
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