# Capitec Bank

**Source:** https://www.startuphub.ai/startups/capitec-bank
**Profile type:** Startup

> South African digital bank offering accessible, affordable, and transparent financial services.

## About

Founded in 2001, Capitec Bank aims to revolutionize the South African banking landscape by providing accessible and user-friendly financial services. It targets the emerging middle class and underserved populations with a focus on simplicity, affordability, and transparency.

## Key facts

- **Slug:** capitec-bank
- **Website:** https://www.capitecbank.co.za
- **Location:** Cape Town, South Africa
- **Founded:** 2001-03-01
- **Operating status:** Active
- **Total funding:** $18M
- **Sectors / tags:** Fintech, Neobank, Digital Payments, Banking, Financial Services, Consumer Banking

## Frequently asked

### What does Capitec Bank do?

Founded in 2001, Capitec Bank aims to revolutionize the South African banking landscape by providing accessible and user-friendly financial services. It targets the emerging middle class and underserved populations with a focus on simplicity, affordability, and transparency.

### What is Capitec Bank's revenue?

StartupHub estimates Capitec Bank's annual revenue at $9.1M (range $5.3M to $9.6M, 27% confidence), based on comparable companies in the sector.

### What is Capitec Bank's valuation?

StartupHub estimates Capitec Bank's effective valuation at $7.6B (range $2.7B to $37.7B, 42% confidence), based on comparable companies in the sector.

### How much funding has Capitec Bank raised?

Capitec Bank has raised a total of $18M in funding. The most recent round on record is Post IPO.

### Where is Capitec Bank headquartered?

Capitec Bank is headquartered in Cape Town, South Africa.

### When was Capitec Bank founded?

Capitec Bank was founded in 2001.

### What industry does Capitec Bank operate in?

Capitec Bank operates in Fintech, Neobank, Digital Payments, Banking, Financial Services, Consumer Banking.

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