About Family Bank
Family Bank is a company based in Nairobi (Kenya) founded in 1984.. Family Bank has raised $2.67 million across 3 funding rounds from investors including Norfund and eco.business Fund. Family Bank offers products and services including Personal Current Account, Mobile Loan, Salary Loan, Internet Banking, and Savings Accounts. Family Bank operates in a competitive market with competitors including Scotiabank, Sidian Bank, I&M Bank and Diamond Trust Bank, 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
*********
- Legal Name Family Bank Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.67 M (USD)
in 3 rounds
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Latest Funding Round
$61.64 M (USD), Post-IPO
Dec 08, 2025
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Investors
Norfund
& 1 more
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Employee Count
Employee Count
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Products & Services of Family Bank
Family Bank offers a comprehensive portfolio of products and services, including Personal Current Account, Mobile Loan, Salary Loan, Internet Banking, and Savings Accounts. 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.
Account for everyday transactions and salary management.
Loan service accessed via mobile for quick financial needs.
Loan based on salary for immediate borrowing requirements.
Online platform for account management and transactions.
Accounts designed for saving and interest accumulation.
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Funding Insights of Family Bank
Family Bank has successfully raised a total of $2.67M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $61.64 million completed in December 2025. 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 3
- Last Round Post-IPO — $61.6M
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First Round
First Round
(01 Jun 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Post-IPO - Family Bank | Valuation |
investors |
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| Apr, 2022 | Amount | Grant - Family Bank | Valuation |
investors |
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| Jun, 2010 | Amount | Private Equity Round - Family Bank | Valuation |
investors |
| 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 Family Bank
Family Bank has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Norfund and eco.business 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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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location | |
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Investments are made in biodiversity conservation across regions.
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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 Family 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 - Family 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 |
Family Bank Comparisons
Competitors of Family Bank
Family 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 Scotiabank, Sidian Bank, I&M Bank and Diamond Trust Bank, 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 Kenya by Sidian Bank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Kenya.
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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 Family Bank
Frequently Asked Questions about Family Bank
When was Family Bank founded?
Family Bank was founded in 1984 and raised its 1st funding round 26 years after it was founded.
Where is Family Bank located?
Family Bank is headquartered in Nairobi, Kenya.
Is Family Bank a funded company?
Family Bank is a funded company, having raised a total of $2.67M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $2.67M, raised on Jun 01, 2010.
What does Family Bank do?
Family Bank was established in 1984 as a commercial bank headquartered in Nairobi, Kenya. Operations are focused on providing retail and corporate banking services, including deposits, loans, and digital solutions. The institution serves individuals and businesses across Kenya through its branch network and online platforms. Regulatory compliance is maintained under the Central Bank of Kenya, with emphasis on financial inclusion in the East African region.
Who are the top competitors of Family Bank?
Family Bank's top competitors include Scotiabank, Sidian Bank and I&M Bank.
What products or services does Family Bank offer?
Family Bank offers Personal Current Account, Mobile Loan, Salary Loan, Internet Banking, and Savings Accounts.
Who are Family Bank's investors?
Family Bank has 2 investors. Key investors include Norfund, and eco.business Fund.
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