Amina Bank

Amina Banket’s main activity, also known as Amina Group, is the provision of innovative banking and financial services, primarily focused on digital banking and financial technology (fintech). The company offers a range of products and services including digital bank accounts, payment solutions, money transfer services, as well as financial management tools tailored to individuals, businesses, and institutions. Amina Banket mainly targets emerging markets, particularly in Africa and the Middle East, addressing clients seeking accessible, fast, and secure banking solutions, often via mobile and online platforms. The goal is to promote financial inclusion and meet the needs of an underbanked or unbanked population, while offering competitive services adapted to the demands of the modern market.

Amina Bank, founded in 2015 in Switzerland, is an innovative financial institution specializing in the management of digital and traditional assets. In its early days, the bank focused on providing banking services tailored to the needs of wealthy clients, emphasizing security, regulatory compliance, and technological innovation.

Key milestones in its development include:

• Creation and launch (2015): Amina Bank was created with the goal of combining Swiss banking rigor with the opportunities offered by digital assets.
• Development of innovative products: The bank quickly launched solutions enabling its clients to invest in, store, and manage digital assets (cryptocurrencies, tokens) alongside traditional assets.
• Obtaining regulatory licenses: Amina Bank obtained a Swiss banking license, allowing it to operate as a fully regulated bank, thereby strengthening the trust of its clients and partners.
• Strategic partnerships: The company formed partnerships with major players in blockchain technology and finance to expand its service offering and increase its international presence.
• Acquisitions and expansion: Amina Bank made targeted acquisitions to strengthen its technological capabilities and broaden its client base, while establishing itself in new markets.
• Strategic changes: In response to the rapid evolution of the financial sector, the bank has regularly adapted its strategy, focusing on digitalization, data security, and the integration of decentralized finance (DeFi) solutions.

Today, Amina Bank positions itself as a leader in the management of digital and traditional assets, offering its clients a secure, innovative platform that complies with international regulatory requirements.

The founder of Amina Bank (formerly Arab Bank Switzerland) is Edmond Safra. The main members of the management team currently include Mazen Salek (CEO), as well as other members of the executive committee such as Karim Souki (COO) and Jean-Marc Sabet (Head of Private Banking). The management team is composed of experienced professionals from the banking and financial sector, with a strong focus on innovation and wealth management.

Since its creation, Amina Bank (formerly SEBA Bank) has raised a total of $246 million through three major funding rounds:

• Series A: $104 million raised on September 27, 2018, with the participation of Summer Capital and Black River.
• Series B: $22.6 million raised on December 22, 2020 (investors not publicly disclosed).
• Series C: $120 million raised on January 12, 2022, led by Altive, with the participation of Summer Capital, Valour, and Ordway Capital.

In total, the bank has 10 investors, including 9 institutional investors (among them Altive, Summer Capital, Black River, Valour, Ordway Capital) and one individual investor (Julius Baer). These fundings have enabled Amina Bank to establish itself as one of the leading regulated crypto banks in Switzerland and internationally.