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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

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

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