Vista Bank Africa Business Profile and Expansion Plans

Vista Bank is a leading financial institution in Africa, with a strong presence in several countries on the continent.

The bank was founded in 2017 with the goal of providing innovative financial solutions to individuals, businesses, and governments.

Vista Bank has a diverse customer base, including small and medium-sized enterprises, large corporations, and individuals.

With a strong focus on digital banking, Vista Bank offers a range of online and mobile banking services to its customers.

Vista's operations began after purchasing Fi Bank's subsidiaries in The Gambia, Guinea, and Sierra Leone, marking the first stage of our journey to operating in 25 African countries.

We've made significant strides in our growth strategy, acquiring BNP Paribas' banks in Guinea and Burkina Faso, which provided a springboard to expand into the WAEMU region.

This acquisition catapulted Vista into operating in all of the WAEMU countries and entry into several CEMAC countries.

The purchase of Oragroup SA, the holding company of Orabank, will further accelerate our growth strategy, allowing us to serve 12 West and Central African countries, 10 of which we aren't currently serving.

Upon completion and regulatory approvals, the Vista Group will become a Tier 1 banking group covering 14 countries, with over 270 branches and total assets in excess of $10 billion.

Vista Bank Group has secured significant funding in recent times. Its latest funding round was a Conventional Debt round on November 22, 2023, for a substantial $8.2 million.

Oikocredit was the sole investor in this round. The post-money valuation following this investment was $8,415,859.

Vista Bank Group received a massive funding injection of $275 million through a Conventional Debt round on November 16, 2023.

Afreximbank was the investor behind this significant funding boost. The post-money valuation following this investment was $4,260,612, and the revenue multiple was $2,728,479.

Here are the details of Vista Bank Group's recent funding rounds:

Vista Bank Group has some notable competitors in the commercial banking space. Scotiabank1832 takes the top spot, being a public commercial bank with investors like Seaside Private Capital and Colpatria.

Scotiabank1832 boasts a Tracxn Score of 73/100, indicating a strong presence in the market.

Vista Bank Group itself ranks second, with Oikocredit and Afreximbank as its investors. The bank's Tracxn Score is 44/100.

Vista Bank Group has 2 institutional investors including Oikocredit and Afreximbank.

Oikocredit is one of the investors backing Vista Bank Group, providing financial support to the company.

Afreximbank is another key investor that has invested in Vista Bank Group, playing a significant role in the company's growth.

The bank group's competitors are a mix of established players and newer entrants.

Scotiabank, a public commercial bank based in Toronto, Canada, takes the top spot as the bank group's competitor. It has received funding from Seaside Private Capital and Colpatria.

Vista Bank Group itself ranks second, with a Tracxn score of 44/100. It has received funding from Oikocredit and Afreximbank.

Trust Bank, a commercial bank based in Banjul, Gambia, ranks third with a Tracxn score of 24/100. It's worth noting that the bank has not received any funding.

Here's a list of the bank group's competitors, including their overall rank, company details, and Tracxn score:

Kreissparkasse Biberach, a commercial bank based in Germany, ranks fourth with a Tracxn score of 18/100. It's also worth noting that the bank has not received any funding.

FIBank, a commercial bank based in Sukuta, Gambia, ranks fifth with a Tracxn score of 9/100. It was acquired by another entity.

Pan Pacific Bank, a commercial bank based in Banjul, Gambia, ranks sixth with a Tracxn score of 6/100. It was also acquired by another entity.

The other competitors, Trust Bank, Relius, and Guaranty Trust Bank Gambia, have lower Tracxn scores or have been acquired or deadpooled.