About VeloBank
VeloBank is a company based in Wola (Poland) founded in 2022 was acquired by Cerberus Capital Management in April 2024.. VeloBank has completed 1 acquisition, including Noble Funds TFI. VeloBank offers products and services including Savings Account, Cash Loan, and Personal Account. VeloBank operates in a competitive market with competitors including Scotiabank, Citi, UniCredit, PKO Bank Polski and Alior Bank, among others.
- Headquarter Wola, Poland
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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 Velobank Spółka Akcyjna
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
International Finance Corporation
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Cerberus Capital Management
(Apr 03, 2024)
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Products & Services of VeloBank
VeloBank offers a comprehensive portfolio of products and services, including Savings Account, Cash Loan, and Personal Account. 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.
High-interest account for saving with up to 7.5% rates
Flexible personal loan for up to 300,000 zł
Free account for daily transactions and payments
Funding Insights of VeloBank
| 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 VeloBank
VeloBank has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, EBRD and Cerberus Capital Management. 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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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Private equity and debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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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 VeloBank
VeloBank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Noble Funds TFI. 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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Provider of investment management services
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2006 |
| 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 - VeloBank
| 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 |
Velobank Comparisons
Competitors of VeloBank
VeloBank 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, Citi, UniCredit, PKO Bank Polski and Alior 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.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services for individuals and businesses are provided.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Poland.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Poland.
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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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| 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 Velobank
Frequently Asked Questions about VeloBank
When was VeloBank founded?
VeloBank was founded in 2022.
Where is VeloBank located?
VeloBank is headquartered in Wola, Poland. It is registered at Wola, Mazowieckie, Poland.
What does VeloBank do?
VeloBank, established in 2022 and currently in Acquired stage, focuses on offering financial products and advice, banks, and commercial banks. Commercial bank. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of VeloBank?
VeloBank's top competitors include Citi, Scotiabank and UniCredit.
What products or services does VeloBank offer?
VeloBank offers Savings Account, Cash Loan, and Personal Account.
How many acquisitions has VeloBank made?
VeloBank has made 1 acquisition, including Noble Funds TFI.
Who are VeloBank's investors?
VeloBank has 3 investors. Key investors include International Finance Corporation, EBRD, and Cerberus Capital Management.
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