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XacBank logo — To bring world class financial services to Mongolia.

XacBank

To bring world class financial services to Mongolia.

Founded 1998 Mongolia Mongolia 386 employees Debt Financing Total: $245.00M Finance, Financial Services +2

General Information

Company Name XacBank
Founded Year 1998
Location Mongolia Mongolia +1
Founders / Decision Makers
Team member
Employees 386
Industries Finance, Financial Services, Lending and Investments +1
Funding Stage Debt Financing
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About XacBank

Founded in 1998, XacBank is a community development bank and microfinance institution in Mongolia, and is headquartered in Ulaanbaatar. OUR VISION XacBank will be the dynamic leader in providing inclusive financial services and innovative products through an extensive network of branches and partners. The Bank will further grow its market share and support the development of competitive Micro, Small and Medium businesses in Mongolia by using the information communications technology together with personalized customer services. OUR MISSION To contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional Micro-entrepreneurs as well as Small and Medium businesses.

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 2 •••• •••• 17 May 2023
Debt Financing •••••• 1 •••• •••• 08 Jan 2020
Debt Financing •••••• 2
Investor Investor
08 Jan 2020
Debt Financing •••••• 1
Investor
07 Nov 2019
Debt Financing •••••• 1
Investor
20 Nov 2018

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FAQ About XacBank

To bring world class financial services to Mongolia.
XacBank was founded in 1998.
XacBank is headquartered in Mongolia.
XacBank operates in the following industries: Finance, Financial Services, Lending and Investments, Banking.
XacBank has approximately 386 employees.
XacBank has completed 5 funding rounds, raising a total of $245.00M. The latest funding stage is Debt Financing.
Top alternatives and competitors to XacBank include Unetek, XacLeasing, Prestige Microfinance Bank Limited, NSICLTD, Ipak Yuli Bank. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
XacBank and Unetek are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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