About BMCI
BMCI is a company based in Casablanca (Morocco) founded in 1964.. BMCI has raised $28.23 million across 1 funding round from investors including EBRD and Green Climate Fund. BMCI offers products and services including Accounts, Credits, Insurance, and Online Banking. BMCI operates in a competitive market with competitors including Scotiabank, CFG Bank, Attijariwafa bank, Crdit Du Maroc and BANK OF AFRICA, among others.
- Headquarter Casablanca, Morocco
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.23 M (USD)
in 1 rounds
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Latest Funding Round
$28.23 M (USD), Series B
Jan 05, 2022
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Investors
EBRD
& 1 more
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Employee Count
Employee Count
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Products & Services of BMCI
BMCI offers a comprehensive portfolio of products and services, including Accounts, Credits, Insurance, and Online Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages daily financial transactions for individuals and businesses
Provides loans for personal and business financing needs
Offers coverage for assets and risks in daily life
Enables remote account access and transactions via app
Funding Insights of BMCI
BMCI has successfully raised a total of $28.23M through 1 strategic funding round. The most recent funding activity was a Series B round of $28.23 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $28.2M
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First Round
First Round
(05 Jan 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series B - BMCI | Valuation | Green Climate Fund , EBRD |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BMCI
BMCI has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include EBRD and Green Climate Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Environmental infrastructure investments are managed by the fund.
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Founded Year | Domain | Location | |
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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BMCI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BMCI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bmci Comparisons
Competitors of BMCI
BMCI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, CFG Bank, Attijariwafa bank, Crdit Du Maroc and BANK OF AFRICA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Morocco.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bmci
Frequently Asked Questions about BMCI
When was BMCI founded?
BMCI was founded in 1964 and raised its 1st funding round 58 years after it was founded.
Where is BMCI located?
BMCI is headquartered in Casablanca, Morocco.
Is BMCI a funded company?
BMCI is a funded company, having raised a total of $28.23M across 1 funding round to date. The company's 1st funding round was a Series B of $28.23M, raised on Jan 05, 2022.
What does BMCI do?
BMCI was established in 1964 as a commercial bank headquartered in Casablanca, Morocco. Operations are focused on providing financial services such as deposits, loans, and corporate banking within the Moroccan market. The banks activities are centered on supporting businesses and individuals through standard retail and wholesale banking functions. Its domain, bmci.ma, facilitates online access to these services across the region.
Who are the top competitors of BMCI?
BMCI's top competitors include Scotiabank, Attijariwafa bank and BANK OF AFRICA.
What products or services does BMCI offer?
BMCI offers Accounts, Credits, Insurance, and Online Banking.
Who are BMCI's investors?
BMCI has 2 investors. Key investors include EBRD, and Green Climate Fund.
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