Parallex Bank | Company Profile - Revenue, Headcount, Tech Stack, Contacts

Parallex Bank | Company Profile - Revenue, Headcount, Tech Stack, Contacts

Updated November 14, 2025
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Parallex Bank Limited is a licensed commercial bank in Nigeria, headquartered in Lagos.

Employees210
Revenue$35M
Total Funding10M

Industry & Market

Primary Industry
banking
Location
Lagos, Lagos, Nigeria

Funding Information

Latest Stage
Debt financing
Annual Revenue
$35,000,000

Headcount Distribution

Total Employees
210
Departments
19

By Department

Department Breakdown

Support
Operations
Sales
Business Development
Engineering
Information Technology
Others

Keywords & Focus Areas

bankingbusiness bankingretail bankingcorporate bankingsmall business loanssavingsdigital customer supportdigital banking solutions nigeriamicrofinance transitionnigeriabanking servicesmodern technologyb2cagency bankingfintech funding nigeriareal-time notifications nigeriafintech nigeriafinancial inclusiondigital banking nigeriatransaction management+10 more
30 total keywords

Overview

Parallex Bank Limited is a licensed commercial bank in Nigeria, headquartered in Lagos. Originally established as Parallex Microfinance Bank in 2008, it transitioned to a commercial bank in 2021, becoming the first Nigerian bank to make this shift. The bank was recognized as Reputable Bank of the Year in 2023 by the Global Reputation Forum.

Offering a range of services, Parallex Bank provides personal banking solutions, business banking for small and medium-sized enterprises, and agency banking opportunities. Customers have access to fixed-deposit accounts and various loan products to meet diverse financial needs. With a strong focus on digital banking and transparent pricing, the bank empowers individuals and businesses, contributing to Nigeria's economic development.

Key Metrics

Total Employees
XXXX
Total number of employees
Engineering
XX
Number of employees in the engineering department
Sales Team
$XX
Number of employees in the sales department
Marketing
XX
Number of employees in the marketing department
Founded
XXXX
Year the company was founded
Revenue
$XXX,XXX,XXX
Total revenue of the company
Total Funding
$XXX M
Total funding of the company
Market Cap
$XXX,XXX
Market cap of the company

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Contact

Company
Parallex Bank
Headquarters
Plot 1261 Adeola Hopewell Street, Victoria Island, Lagos 101241, NG
Founded
2020
Industry
banking

Technology Stack

Analytics & Tracking

Not found

Social & Marketing

Not found

Database & Backend

Not found

Cloud & Infrastructure

Not found

Productivity

Not found

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