# Rand Merchant Bank: portfolio, investments and team > Rand Merchant Bank is an investment firm based in South Africa. 1 investment on record, latest Jun 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/rand-merchant-bank-rmb (Millionrounds; every figure on the page links to its filing or article) South Africa · [Investor](https://millionrounds.com/investors) # Rand Merchant Bank Last cheque observed Jun 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Investment firm Quiet Debt Banking Follow Rand Merchant Bank and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Frand-merchant-bank-rmb) Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **493** days **00** hrs **00** min **00** sec Median round **$137M** Rounds led **1 of 1** Pitch Rand Merchant Bank ## Rand Merchant Bank highlights - 01 1 rounds on record - 02 Mostly Debt: 100% of its rounds - 03 Led 1 rounds ## What they do - **Type:** Investment firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Banking - **Based in:** Johannesburg, South Africa - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **1 appearances** - **2025** 1 round - **Jun** **[Wave](https://millionrounds.com/company/wave)** Debt · SN · TechCabal **$137M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Funds they back ## 2 fund commitments on record - **Managers:** 1 Every fund on record that it has committed money to, and the managers who invest it. Source: fund news. Managers it backs most - [REdimension Capital 2 funds](https://millionrounds.com/fund/redimension-capital) Most recent commitments - [REdimension Capital REdimension Real Estate Technology & Sustainability Fund I](https://millionrounds.com/fund/redimension-capital) - [REdimension Capital Real Estate Technology & Sustainability Fund I](https://millionrounds.com/fund/redimension-capital) ## What they claim to have backed From their own portfolio page (on their website) **2** of 14 we have independently watched raise [BEE](https://millionrounds.com/company/bee)[RMB Ventures](https://millionrounds.com/company/rmb-ventures) Career opportunities Ethics Reporting Line FNB CIB Pre-arranged visits RMB Botswana RMB India RMB Namibia RMB Nigeria RMB Private Bank RMB UK RMB USA RMB USA Securities Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Debt Median round joined **$137M** the round, not its cheque Led 1 of 1 rounds **100%** - **Sole investor:** Never alone - **Last cheque:** Jun 2025 Rounds by stage said on their site - Debt *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Rand Merchant Bank?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Rand Merchant Bank put money into. [**Wave** $137M · Jun 2025](https://millionrounds.com/company/wave) ## Quick answers about Rand Merchant Bank ### What does Rand Merchant Bank invest in? Rand Merchant Bank invests most often at Debt (100% of the rounds on record), in sectors such as Banking. ### How active is Rand Merchant Bank? 1 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Jun 2025. ### What has Rand Merchant Bank invested in recently? Its most recent investments on record: Wave (Debt, Jun 2025). ### How big are Rand Merchant Bank's cheques? The median round it joins is $137M. ### Is Rand Merchant Bank investing now? No investments in the last 12 months; the latest was in Jun 2025. ### What kind of investor is Rand Merchant Bank? Rand Merchant Bank is an investment firm based in Johannesburg, South Africa. ### When was Rand Merchant Bank founded? Rand Merchant Bank was founded in 1977. ### Where does this information on Rand Merchant Bank come from? From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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