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Wema Bank
AddedFeb 17, 2024
UpdatedJun 28, 2026
Wema Bank

Wema Bank

Operating

Wema Bank Plc: Providing comprehensive commercial banking, trade finance, and forex services in Nigeria.

Location
Lagos, Lagos, NG
Founded
1945
Firm
Compare
Portfolio
Fundraising
Employees
Website

Wema Bank Plc is a Nigerian commercial bank offering a comprehensive range of financial services. The bank focuses on retail and corporate banking, trade finance, treasury operations, and foreign exchange services. Wema Bank primarily operates within Nigeria, catering to diverse customer segments across the country.

As part of its commitment to innovation, Wema Bank has shown interest in supporting fintech startups. The bank has invested in Grip, a financial technology company that has raised $10 million in funding. This investment demonstrates Wema Bank's efforts to engage with emerging technologies and support the growth of Nigeria's fintech ecosystem.

Wema Bank - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments1
Current Portfolio Count1
Total Portfolio Exits0

Top Investment Stages

Grant1 (100.0%)

Stage Mix

Grant 100%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Grip logo

Grip

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Wema Bank - Classification

Also Known As
  • Wema Bank Plc.
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522100Depository Credit Intermediation
  • 522110Commercial Banking
SIC
  • 6000Depository Institutions
  • 6020Commercial Banks