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Citizens Development Business Finance PLC

Finance (Non-Banking Financial Services) ~600 employees
Founded
--
Employees (Est.)
~600
30 leaders known
Total Funding
$30.0M
Funding Rounds
1
Last Funding
2024-01-10

About Citizens Development Business Finance PLC

Citizens Development Business Finance PLC (CDB) is a financial institution in Sri Lanka focused on providing smart and sustainable financing solutions. Their mission is to empower aspirations through personalized financial products and services, drive financial inclusion, and lead sustainability initiatives aligned with the United Nations Sustainable Development Goals (UN SDGs).

Products & Services

Savings Accounts:Includes various savings plans like CDB Real Savings, CDB Deegayu Savings, CDB Platinum Saver, CDB Ranketi, CDB Salary Plus, and CDB Wings for different customer needs.
Cards:Offers a range of credit and debit cards including World Card, Platinum Card, Titanium Card, Gold Card, Standard Card, and Debit Card.
Fixed Deposits:Provides fixed deposit options such as CDB Dhana Surekum Fixed Deposits and CDB Deeghayu Senior Citizen Fixed Deposits.
Leasing & Loans:Includes Business Loans, Personal Loans, Home Loans, Gold Loans, and Leasing & Auto Loan Facilities for various financing needs.
Other Services:Encompasses CDB Margin Trading, CDB Corporate Finance, CDB Money Exchange, CDB Meezan Islamic Finance, and CDB Money Remittance.
Online Services:Features digital banking solutions like CDB Self app, CDB iDeposit, CDB iTransfer, and CDB iControl for seamless financial transactions.
Green Financing Solutions:Supports sustainability through eco-friendly financing options.

Specialties

Sustainable Financing Digital Transformation AI-Powered Credit Decision Making Green Financing Financial Inclusion Net Zero Initiatives

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Senior Debt Finance
T: -
FT: Senior Debt Finance
A: 30000000
MR: -
FA: USD 30.0 million
FAN: 30000000
D: 2024-01-10
FD: 2024-01-10
1 investors
Senior Debt Finance Latest
2024-01-10
$30.0M
1 investor (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

A

Alastair Corera

Chairperson/ Non-Executive Independent Director

M

Mahesh Nanayakkara

Managing Director & CEO

S

Sampath Amaratunge

Non-Executive Independent Director

D

Damith Tennakoon

Deputy CEO/ Executive Director

R

Roshan Abeygoonewardena

Executive Director - Corporate Finance

S

Sasindra Munasinghe

Executive Director - Sales and Business Development

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Recent News

Citizens Development Business Finance PLC Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Read more →

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Website
cdb.lk
Industries
Finance (Non-Banking Financial Services)
Company Size
~600 employees (est.)

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Technology Stack

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