Bloom Bank Africa, established in 2009, is a Pan-African banking institution owned by Oakwood Africa Investments Limited (OAIL). OAIL is a financial holding company incorporated in Mauritius in 2019. Headquartered in Serrekunda, Gambia, Bloom Bank Africa focuses on facilitating trade, financial flows, and capital distribution across Africa, aligning with the objectives of the African Continental Free Trade Area (AfCFTA).
The African Continental Free Trade Area aims to boost intra-African trade.
Company Details
The company provides financial services to individuals and businesses. They offer a variety of accounts, including savings, current, and investment accounts, tailored to meet diverse needs. The company also provides loans for both personal and business purposes, along with investment options such as fixed deposits and treasury bills. Additional services encompass cash management solutions, transaction banking, and foreign exchange products.
Bloom Bank Africa has not raised any funding yet.
Services Offered
- Savings accounts
- Current accounts
- Investment accounts
- Personal loans
- Business loans
- Fixed deposits
- Treasury bills
- Cash management solutions
- Transaction banking
- Foreign exchange products
Bloom Bank Africa Gambia Limited rebranded from Skye Bank Gambia to Bloom Bank Africa Gambia Limited on June 22, 2022.
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Competitors
Bloom Bank Africa has 10 active competitors, including 3 that have exited. Here is a list of the top competitors of Bloom Bank Africa, ranked by Tracxn score:
| Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
| 1st | Scotiabank 1832, Toronto (Canada), Public | Commercial bank | - | Seaside Private Capital, Colpatria | 70/100 |
| 2nd | Kreissparkasse Biberach 1853, Biberach (Germany), Unfunded | Commercial bank | - | - | 45/100 |
| 3rd | Vista Bank Group 2017, Serrekunda (Gambia), Funding Raised | Commercial bank | - | Oikocredit, Afreximbank | 38/100 |
| 4th | Trust Bank 1997, Banjul (Gambia), Unfunded | Commercial bank | - | - | 31/100 |
| 5th | Pan Pacific Bank 2018, Banjul (Gambia), Acquired | Commercial bank | - | - | 22/100 |
| 6th | FIBank 2010, Sukuta (Gambia), Acquired | Commercial bank | - | - | 22/100 |
| 7th | Bank of Gambia 1971, Banjul (Gambia), Unfunded | Central bank providing monetary policy, financial system oversight, and payment system services | - | - | 16/100 |
| 8th | Trust Bank 2006, Banjul (Gambia), Unfunded | Commercial bank | - | - | 16/100 |
| 9th | Guaranty Trust Bank Gambia 2002, Banjul (Gambia), Unfunded | Commercial bank | - | - | 16/100 |
| 10th | Bloom Bank Africa 2009, Serrekunda (Gambia), Unfunded | The company provides financial services to individuals and businesses | - | - | 16/100 |
Financial data analysis and investment growth are key to Bloom Bank Africa's strategy.
Bloom Bank Africa has made no investments or acquisitions yet.
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