About Daraja Microfinance Bank
Daraja Microfinance Bank is a company based in Nairobi (Kenya) founded in 2014 was acquired by Umba in July 2022.. Daraja Microfinance Bank operates in a competitive market with competitors including Gojo, Platinum Credit, Maisha Bank, Century Microfinance Bank and Caritas MFB, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Daraja Microfinance Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Daraja Microfinance Bank
Daraja Microfinance Bank has secured backing from 1 investor. Prominent investors backing the company include Umba. 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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Digital banking solutions are offered to individuals through mobile apps.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Daraja Microfinance Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Daraja Microfinance Bank
| 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 |
Daraja Microfinance Bank Comparisons
Competitors of Daraja Microfinance Bank
Daraja Microfinance Bank 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 Gojo, Platinum Credit, Maisha Bank, Century Microfinance Bank and Caritas MFB, 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 |
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| domain | founded_year | HQ Location |
Microcredit is extended to individuals and businesses in need.
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Microloans are provided to civil servants, TSC members, and employees.
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| domain | founded_year | HQ Location |
Microfinance bank
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Microfinance loans and services are extended to Kenyan communities.
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Provides microfinance accounts, loans, and insurance for personal and business needs.
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Provides microcredit services to support low-income individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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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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Frequently Asked Questions about Daraja Microfinance Bank
When was Daraja Microfinance Bank founded?
Daraja Microfinance Bank was founded in 2014.
Where is Daraja Microfinance Bank located?
Daraja Microfinance Bank is headquartered in Nairobi, Kenya.
Who is the current CEO of Daraja Microfinance Bank?
Jane Mwangi is the current CEO of Daraja Microfinance Bank.
What does Daraja Microfinance Bank do?
Daraja Microfinance Bank was established in 2014 in Nairobi, Kenya, focusing on the microfinance sector. Financial services, including loans and savings accounts, are extended to small-scale entrepreneurs and low-income individuals. Operations are centered in Kenya, with emphasis on accessible banking solutions for rural and urban underserved areas. Leadership is provided by CEO Jane Mwangi, supporting the banks growth in the competitive financial landscape.
Who are the top competitors of Daraja Microfinance Bank?
Daraja Microfinance Bank's top competitors include Gojo, Sumac Microfinance Bank and Platinum Credit.
Who are Daraja Microfinance Bank's investors?
Daraja Microfinance Bank has 1 investor. Key investors include Umba.