Databank Group
Databank Group is a Ghanaian financial services firm offering mutual funds, brokerage, pensions, and wealth management to retail investors, institutions, and government workers, distributed through 11 branches and 580+ partner bank deposit points.
- Company typePublic
- Founded1990
- HeadquartersAccra, Ghana
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Databank Group does
Databank Group (legally Databank Financial Services Limited) is a Ghanaian financial services company founded in 1990 that operates as one of the country's most established retail-facing investment platforms. The company offers a multi-product suite spanning five mutual funds (ArkFund equity, BFund balanced, MFund money market, EdIFund education savings, Epack equity savings), brokerage services for Ghana Stock Exchange trading and Government of Ghana treasury securities, pensions fund administration, wealth management for high-net-worth individuals, and investment advisory. Distribution combines 11 owned branches across Ghana, 580+ partner-bank deposit locations, an online service portal, a mobile app, multiple USSD codes, direct debit from bank accounts, and CAGD-integrated salary deductions for government workers.
The company's technology layer is a conventional digital investment platform — online account opening/top-up/redemption portals, mobile money integration across telco USSD codes, automated Direct Debit, and a Virtual Gift Voucher system — rather than an AI- or analytics-led stack. Revenue is generated through five primary streams: subscription-style asset management fees on the mutual funds, transaction-based brokerage commissions on equity and treasury bill trades, professional services investment advisory fees, recurring pensions fund management fees, and recurring wealth management fees for HNW clients. Pricing for individual funds is published with bid/offer prices, but broader pricing tiers are not publicly disclosed.
Databank is publicly listed on the Ghana Stock Exchange and operates a regional subsidiary (Databank Securities Ltd. in The Gambia). It maintains a wholly-owned subsidiary, Databank Educational Investment Limited, for education-focused products, and runs a Databank Foundation alongside a weekly and quarterly research publication cadence. The go-to-market is sales-led across physical, bank-partner, and digital channels, targeting retail investors, institutional clients (churches, corporates, associations), and government civil servants.
Databank Group firmographics
Firmographics- Name
- Databank Group
- Legal name
- Databank Financial Services Limited
- Website
- https://databankgroup.com
- Company type
- Public
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Databank Group is a Ghanaian financial services firm offering mutual funds, brokerage, pensions, and wealth management to retail investors, institutions, and government workers, distributed through 11 branches and 580+ partner bank deposit points.
- Ownership category
- akta.pro rank
Where Databank Group is headquartered
LocationHeadquarters
- HQ city
- Accra
- HQ country
- Ghana
- HQ region
- Africa
Offices12 records
Markets served
Databank Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Asset Management Fees: Management fees charged on mutual funds including ArkFund, BFund, EdIFund, Epack, and MFund. Revenue generated from managing investment portfolios for retail and institutional clients.
- Brokerage Commissions: Commissions from equity trading on Ghana Stock Exchange (GSE) and GSC Equity Trading, as well as Treasury Bills and Government of Ghana Treasury Securities
- Investment Advisory Fees: Fees from providing investment advisory services to clients
- Pensions Fund Management: Management of pension funds for individuals and organizations
- Wealth Management Services: Comprehensive wealth management services for high-net-worth individuals and families
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Mutual fund investments with varying minimum investment amounts per fund type |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels10 records
Databank Group product offering
Product offeringCore offering
Databank Group is a Ghanaian financial services company that manages and distributes a portfolio of mutual funds (Databank ArkFund, BFund, EdIFund, Epack, and MFund) and provides brokerage, pension fund management, and wealth management services to retail and institutional investors. The firm supplements these offerings with specialized savings accounts (DCGA for churches, DHA for housing), Bank of Ghana Treasury Securities access, and digital channels including USSD mobile money, online platform, mobile app, and direct debit automation.
Product overview
Databank Group is a Ghanaian financial services company offering a portfolio of investment products and services through both physical branch locations and digital channels. The core product suite consists of five mutual funds: Databank Ark Fund (equity-focused), Databank Balanced Fund (mixed assets), Databank MFund (money market), Databank EdiFund (education savings), and Databank Epack (equity savings via salary deduction). These are complemented by specialized investment accounts including the Church Growth Account and Housing Account, alongside services for institutional investors, pension fund management, and wealth management. The company also provides brokerage services for Ghana Stock Exchange trading and treasury securities. Digital service delivery includes online account management, mobile money integration across multiple USSD codes (*6100#, *737*100#, *790*100#, *422*400#), direct debit facilities, and virtual gift vouchers. Research offerings comprise weekly and quarterly market reports.
Differentiator
Problem solved
Functional benefit
Brands
- Databank Ark Fund: An equity-based mutual fund offered by Databank for investment purposes.
- Databank Balanced Fund
- Databank EdiFund
- Databank Epack
- Databank MFund
- Databank Church Growth Account (DCGA)
- Databank Housing Account (DHA)
Products and services
- Databank Balanced Fund (BFund) A balanced mutual fund that invests in a mix of fixed-income securities and equities, providing moderate growth with risk diversification for retail and institutional investors.
- Databank Ark Fund (ARKFUND) An equity-focused mutual fund investing primarily in stocks listed on the Ghana Stock Exchange, targeting long-term capital growth for investors with higher risk tolerance.
- Databank EdiFund (EdIFund) An education savings fund designed to help parents and guardians accumulate funds for children's educational expenses, with flexible contribution and withdrawal options.
- Databank Epack An equity savings product targeting employees, allowing regular deductions from salary to build an investment portfolio over time with lower minimum investment thresholds.
- Databank MFund A money market mutual fund investing in short-term, low-risk instruments such as treasury bills and fixed deposits, offering capital preservation and regular income distributions.
- Databank Church Growth Account (DCGA) A specialized savings account for churches and religious organizations to accumulate funds for church development projects, building expansion, and ministry growth.
- Databank Housing Account (DHA) A housing savings account enabling individuals to save toward purchasing property or building homes, with structured savings plans and goal-tracking features.
- Institutional Fund Management Fund management services tailored for institutional investors including pension funds, foundations, endowments, and corporate treasury management.
- Pensions Fund Management Comprehensive pension fund administration and management services including scheme setup, trustee services, and compliance with Ghana's pension regulations.
- Wealth Management Personalized wealth management services for high-net-worth individuals including portfolio management, estate planning, and investment advisory.
- Databank Brokerage Brokerage services enabling clients to trade equities on the Ghana Stock Exchange, with access to real-time market data and investment advisory.
- Bank of Ghana Treasury Securities Investment in Government of Ghana treasury securities including treasury bills and bonds through Bank of Ghana's auction system.
- Direct Debit Service Digital platform enabling automated monthly or periodic deductions from a client's bank account to fund their Databank investment account.
- Databank Virtual Gift Voucher Gift vouchers that can be purchased for others, redeemable to open an investment account or add funds to an existing account, with no purchase or redemption fees.
Companies that use Databank Group
Customer profileSegments4 records
Ideal customer profiles3 records
Databank Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Databank Group partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core.
- Absa GhanacoreAbsa Ghana serves as a deposit channel partner, allowing customers to make deposits into their Databank investment accounts at Absa bank branches across Ghana. Over 580 partner bank locations are available for customer deposits.
- Access Bank GhanacoreAccess Bank Ghana provides deposit channel services for Databank customers, enabling wide geographical coverage for investment deposits.
- CBG (Ghana Commercial Bank)coreCBG serves as a partner bank for deposit channels, expanding accessibility for Databank investment products.
- Fidelity Bank GhanacoreFidelity Bank provides deposit channel partnership for Databank investment account holders.
- GCB Bank GhanacoreGCB Bank serves as a deposit partner, with branch locations in Sunyani and other areas for customer convenience.
- GTBank GhanacoreGTBank provides banking channel partnership including deposit services and has presence near Wa office location.
- UBA (United Bank for Africa) GhanacoreUBA Ghana serves as a partner bank for deposit channels across their branch network.
- Zenith Bank GhanacoreZenith Bank provides banking channel partnership for Databank customer deposits.
- Ghana Stock Exchange (GSE)coreDatabank is a licensed broker dealer for Ghana Stock Exchange equity trading. The company has a Databank & GSE Partnership with dedicated timeline page, indicating deep historical and strategic relationship for stock market operations.
- Bank of GhanacoreDatabank offers Bank of Ghana Treasury Securities (GoG Treasury Securities) for investment, indicating regulatory and operational partnership for government securities trading.
- Controller and Accountant General's Department (CAGD)coreCAGD Direct Debit partnership enables government workers to have investments directly deducted from their salary through the government payroll system into Databank investment accounts.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Databank Group competitors and assessment
Company assessmentBroad incumbents
- Standard Chartered Bank Ghana: Global bank's Ghanaian subsidiary with a wealth-management and brokerage franchise serving affluent and institutional clients. Directly comparable for high-net-worth and Treasury securities distribution, though operating as part of a much broader banking group.
- CalBank PLC: GSE-listed Ghanaian universal bank with an in-house asset management and brokerage arm. While broader in scope (corporate and retail banking), it competes for the same institutional and high-net-worth mandates that Databank services.
- Republic Bank (formerly HFC Bank Ghana): Ghanaian bank with mortgage, investment, and wealth offerings. Competes with Databank in housing-savings (DHA) and broader wealth-management categories as part of a wider banking portfolio.
Direct peers
- IC Securities Ghana: Ghanaian investment bank and securities firm offering equity brokerage on the GSE, asset management, and corporate finance — a closely comparable full-service investment services peer to Databank operating in the same market with similar product breadth.
- NDK Financial: Ghanaian financial services firm providing investment management, brokerage, and advisory services. Operates in the same GSE-linked investment ecosystem with a comparable mix of retail and institutional offerings.
- Stanlib Ghana: Pan-African investment manager with a Ghanaian unit offering unit trusts, institutional asset management, and retirement solutions. Direct competitor in the Ghanaian mutual fund and pension space with comparable product positioning.
- Old Mutual Ghana: Long-established Ghanaian asset manager and life assurer offering unit trusts, pension, and wealth management. Comparable in product mix and target segments, with a similarly broad retail-and-institutional distribution model.
- GCB Capital: Asset management and investment banking arm of GCB Bank, Ghana's largest state-owned bank. Manages mutual funds and institutional mandates, directly competing with Databank for retail and institutional AUM via the country's biggest bank distribution footprint.
- Sanlam Investments Ghana: Pan-African investment management group with Ghanaian operations offering unit trusts, institutional asset management, and retirement solutions. Comparable as a multi-fund, multi-segment investment manager targeting the same Ghanaian retail and institutional customer base.
Regional players
- Coronation Merchant Bank: Nigerian merchant bank with asset management and securities operations. Comparable in product mix (mutual funds, brokerage, treasury services) but serves a different geography — a relevant cross-border peer for West African expansion benchmarking.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Databank Group social profiles
Digital presenceDatabank Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Databank Group leadership team
Management profileNumber of profiles
Profiles1 record
Databank Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
Databank Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Databank Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Databank Group
What does Databank Group do?
Databank Group is a Ghanaian financial services company that manages and distributes a portfolio of mutual funds (Databank ArkFund, BFund, EdIFund, Epack, and MFund) and provides brokerage, pension fund management, and wealth management services to retail and institutional investors. The firm supplements these offerings with specialized savings accounts (DCGA for churches, DHA for housing), Bank of Ghana Treasury Securities access, and digital channels including USSD mobile money, online platform, mobile app, and direct debit automation.
Is Databank Group a public or private company?
Databank Group is a public company. It is classified as unknown and is currently operating.
When was Databank Group founded?
Databank Group was founded in 1990. It employs 11 to 50 people.
Where is Databank Group based?
Databank Group is headquartered in Accra, Ghana, in the Africa region.
How does Databank Group make money?
Five revenue lines are on record. Asset Management Fees are the primary driver. The others are brokerage Commissions, investment Advisory Fees, pensions Fund Management and wealth Management Services.
Who are Databank Group's main competitors?
Broad incumbents on record are Standard Chartered Bank Ghana, CalBank PLC and Republic Bank (formerly HFC Bank Ghana). Direct peers are IC Securities Ghana, NDK Financial, Stanlib Ghana, Old Mutual Ghana, GCB Capital and Sanlam Investments Ghana. Coronation Merchant Bank is listed as a regional player.
Does Databank Group have an API?
No public API is recorded for Databank Group.