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XacBank

368 employees

Xac Bank is a is a community development bank and microfinance institution that contributes to socio-economic development of the country.

Basic info

Industry

banking

Sectors

Corporate banking
Lending
Financial Services
Finance
domestic and international remittances
rural franchisee service for cooperatives
Banking
household loans and financial leasing
Current and savings accounts
Consumer Lending
various credit and lending products

Date founded

1998

Funding rounds raised

Total raised

$100M

from 3 investors over 3 rounds

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XacBank raised $25M on May 17, 2023

Investors: IRM Green Climate Fund

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XacBank raised $30M on January 8, 2020

Investors: Asian Development Bank (ADB)

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XacBank raised $100M on January 8, 2020

Investors: The OPEC Fund for International Development (OFID)

FAQ