AMP - About the company
AMP is an acquired company based in Sydney (Australia), founded in 1849. It operates as a Commercial bank. AMP has raised $900K in funding. The company has 6163 active competitors, including 187 funded and 1442 that have exited. Its top competitors include companies like Truist, Bank of America and Citi.
Company Details
AMP is a commercial bank & wealth management company. Offers solutions and services such as financial advice, investment management, banking, superannuation, self-managed superannuation funds (SMSFs), life insurance, retirement income and investing. Their clientele includes individuals and businesses in Asia, the Middle East, Europe, the United Kingdom, and North America. In 2017, the company recorded revenues of $11.8B, and a net profit of $848M. In 2019, the company recorded annual revenues of $15.3B, and a net loss of $1.7B.
- Website
- www.amp.com.au/
- Email ID
- *****@amp.com.au
- Phone Number
- +61 **********
- Registered Address
- PYEWIPE FARM REDBOURNE ROAD,WADDINGHAM,GAINSBOROUGH,LINCOLNSHIRE,ENGLAND,DN21 4TG
Key Metrics
Founded Year
1849
Location
Sydney, Australia
Stage
Acquired
Total Funding
$900K in 3 rounds
Latest Funding Round
Investors
Ranked
36th among 6163 active competitors
Employee Count
5,600 as on Dec 31, 2017
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Ares Management (Mar 29, 2021)
Legal entities associated with AMP
AMP is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AMP GROUP HOLDINGS LIMITED CIN: 5496162 , United Kingdom, Active | Jun 30, 2005 | - | - |
AMP's acquisition details
AMP got acquired by Ares Management on Mar 29, 2021 at an acquisition amount of $1.03B.
Click here to take a look at AMP's acquisition in detail
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AMP's funding and investors
AMP has raised a total funding of $900K over 3 rounds. Its first funding round was on Mar 12, 2012. AMP has 4 institutional investors.
Here is the list of recent funding rounds of AMP:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 2019 | 5797007 | Post IPO | 4112777 | 4522048 | 2896313 | 3611046 |
Mar 2015 | 9173942 | Conventional Debt | 4972464 | 7818494 | 9695470 | 9182208 |
Mar 12, 2012 | 1880857 | Unattributed | 9257247 | 8535153 | 8055730 | 2475736 |
View details of AMP's funding rounds and investors
AMP's founders and board of directors
Founder? Claim ProfileAMP's employee count trend
AMP has 5,600 employees as of Dec 17. Here is AMP's employee count trend over the years:
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AMP's Competitors and alternates
Top competitors of AMP include Truist, Bank of America and Citi. Here is the list of Top 10 competitors of AMP, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Truist 1872, Charlotte (United States), Acquired | Provider of wealth advisory services | $900K | 79/100 | |
2nd | Bank of America 1998, Charlotte (United States), Public | Commercial bank and asset management firm | - | 78/100 | |
3rd | Citi 1812, New York City (United States), Public | Provider of financial services including banking, markets, international, and wealth management | - | 78/100 | |
4th | Scotiabank 1832, Toronto (Canada), Public | Commercial bank | - | 76/100 | |
5th | Citizens Bank 1828, Providence (United States), Public | Commercial bank | - | 75/100 | |
6th | Charles Schwab 1971, El Paso (United States), Public | Commercial bank | - | 75/100 | |
7th | United Community Bank 1950, Blairsville (United States), Acquired | Provider of personal and business banking, mortgage, and wealth management services | $490M | 73/100 | |
8th | J P Morgan 1799, New York City (United States), Public | Provider of financial services for corporations and individuals | - | 73/100 | |
9th | KeyBank 1849, Cleveland (United States), Public | Provider of personal banking, small business, and wealth management services | - | 71/100 | |
10th | Coastal Community Bank 1997, Everett (United States), Public | Community bank offering business and personal banking solutions with digital innovation | $6.61M | 71/100 | |
36th | Commercial bank | $900K | 66/100 |
Looking for more details on AMP's competitors? Click here to see the top ones
AMP's Investments and acquisitions
AMP has made 3 investments in companies including Employment Hero and Voxon. AMP has also acquired 1 companies including Justsuper.Here is the list of investments & acquisitions:
Filter this list
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 14, 2016 | Investments | 2014 | Sydney (Australia) | |
Jul 16, 2015 | Acquisition | 2004 | Glen Waverley (Australia) | |
Nov 26, 2014 | Investments | 2012 | Adelaide (Australia) |
See all investments by AMP
News related to AMP
Media has covered AMP for a total of 11 events in the last 1 year, 4 of them have been about company updates.
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Black Forest Labs Announces $300M Series B Investment to Accelerate Visual IntelligenceAgencia EFE•Dec 01, 2025•Black Forest Labs, Salesforce Ventures, AMP, Meta and 37 others
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AMP Bank, Ubank, Up Bank to speak at FinTech & Banking Summit 2025Australian FinTech•Sep 17, 2025•AMP
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More than two million Australians take AMP to court in class action over alleged excessive fees
Business News Australia•May 27, 2025•AMP
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