Insights

Youth MSME Financing XacBank recently secured $80M in funding from EBRD specifically to support youth MSMEs. This signals a strong opportunity to position targeted financial products, credit lines, and advisory services tailored to young entrepreneurs and start-ups in Mongolia.

Carbon Finance Partnership with Micro Energy Credits Corp indicates XacBank’s interest in carbon microfinance and energy-transition financing. There is potential to cross-sell sustainable energy loans, green bonds, and energy efficiency programs to SMEs and micro-entrepreneurs.

Digital & ICT Focus The bank emphasizes using information communications technology to grow market share and deliver innovative products. This opens doors for partnerships around digital banking platforms, mobile wallets, data analytics services, and SME digital payment ecosystems.

Recognition & Growth Having been named Best Bank of Mongolia in 2016 and now expanding with notable funding, XacBank presents an opportunity to propose premium subsidiary services, wealth and SME advisory, and expanded branch/partner networks to scale financial inclusion.

SME & Micro-entrepreneurs With a mission focused on inclusive financial products for traditional micro-entrepreneurs and SMEs, there is a clear sales path for tailored lending products, microfinance programs, supplier/working capital lines, and capacity-building finance services.

Similar companies to XacBank

XacBank Tech Stack

XacBank uses 8 technology products and services including Microsoft SQL Server, Webpack, Lucide, and more. Explore XacBank's tech stack below.

  • Microsoft SQL Server
    Database
  • Webpack
    Development
  • Lucide
    Font Scripts
  • jQuery
    Javascript Libraries
  • Facebook Chat Plugin
    Live Chat
  • UIKit
    UI Frameworks
  • Radix UI
    UI Frameworks
  • Microsoft IIS
    Web Servers

XacBank's Email Address Formats

XacBank uses at least 1 format(s):
XacBank Email FormatsExamplePercentage
First.L@xacbank.mnJohn.D@xacbank.mn
66%
FirstL@xacbank.mnJohnD@xacbank.mn
17%
First.Last@xacbank.mnJohn.Doe@xacbank.mn
12%
Last.F@xacbank.mnDoe.J@xacbank.mn
5%

Frequently Asked Questions

Where is XacBank's headquarters located?

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XacBank's main headquarters is located at Ulaanbaatar 14200 Mongolia. The company has employees across 3 continents, including AsiaNorth AmericaEurope.

What is XacBank's phone number?

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You can contact XacBank's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is XacBank's official website and social media links?

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XacBank's official website is xacbank.mn and has social profiles on LinkedInCrunchbase.

What is XacBank's SIC code NAICS code?

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XacBank's SIC code is 6029 - Commercial Banks, Not Elsewhere Classified NAICS code is 52211 - Commercial Banking.

How many employees does XacBank have currently?

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As of June 2026, XacBank has approximately 406 employees across 3 continents, including AsiaNorth AmericaEurope. Key team members include Chief Executive Officer, Executive Board Director: T. T. G.Cio And Ciso: U. K.Cfo: T. G.. Explore XacBank's employee directory with LeadIQ.

What industry does XacBank belong to?

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XacBank operates in the Banking industry.

What technology does XacBank use?

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XacBank's tech stack includes Microsoft SQL ServerWebpackLucidejQueryFacebook Chat PluginUIKitRadix UIMicrosoft IIS.

What is XacBank's email format?

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XacBank's email format typically follows the pattern of First.L@xacbank.mn. Find more XacBank email formats with LeadIQ.

How much funding has XacBank raised to date?

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As of June 2026, XacBank has raised $10M in funding. The last funding round occurred on Jan 29, 2025 for $10M.

When was XacBank founded?

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XacBank was founded in 1998.

XacBank

BankingUlaanbaatar, Mongolia201-500 Employees

XacBank is a Mongolian financial institution focused on community development through banking and microfinance. Based in Ulaanbaatar and founded in 1998, it operates within the banking sector with an emphasis on inclusive financial services delivered via a broad network of branches and partner connections. The bank emphasizes support for micro-entrepreneurs and small and medium-sized enterprises, providing access to transparent and reliable products and services through technology-enabled platforms and personalized customer care.

The institution positions itself as a dynamic driver of inclusive finance and product innovation, aiming to expand its market share while supporting competitive MSMEs in Mongolia. Its mission highlights sustainable development and equitable access to banking services for its micro-entrepreneurs and SMEs. A recent development includes a 2023 partnership with Micro Energy Credits Corp to use carbon financing to advance energy initiatives in Ulaanbaatar.

Section iconCompany Overview

Headquarters
Ulaanbaatar 14200 Mongolia
Phone number
Website
xacbank.mn
SIC Code
6029 - Commercial Banks, Not Elsewhere Classified
NAICS Code
52211 - Commercial Banking
Founded
1998
Employees
201-500

Section iconFunding & Financials

  • $10M

    XacBank has raised a total of $10M of funding over 6 rounds. Their latest funding round was raised on Jan 29, 2025 in the amount of $10M.

  • $25M$50M

    XacBank's revenue is estimated to be in the range of $25M$50M

Section iconFunding & Financials

  • $10M

    XacBank has raised a total of $10M of funding over 6 rounds. Their latest funding round was raised on Jan 29, 2025 in the amount of $10M.

  • $25M$50M

    XacBank's revenue is estimated to be in the range of $25M$50M

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