About I&M Bank
I&M Bank is a company based in Nairobi (Kenya) founded in 1974 by S B R Shah was acquired by Kibo Capital Partners in January 2010.. I&M Bank has raised $50 million across 8 funding rounds from investors including International Finance Corporation, European Investment Bank and FMO. I&M Bank has completed 2 acquisitions, including Giro Commercial Bank and Orient Bank. I&M Bank operates in a competitive market with competitors including Scotiabank, Sidian Bank, Family Bank, Diamond Trust Bank and Chase Bank, among others.
- Headquarter Nairobi, Kenya
- Founders S B R Shah
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 8 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Aug 12, 2021
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Investors
International Finance Corporation
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Giro Commercial Bank
& 1 more
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Acquired by
Kibo Capital Partners
(Jan 01, 2010)
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Funding Insights of I&M Bank
I&M Bank has successfully raised a total of $50M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in August 2021. 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 8
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(01 Sep 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Debt – Conventional - I&M Bank | Valuation |
investors |
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| Jul, 2021 | Amount | Angel Round - I&M Bank | Valuation |
investors |
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| Dec, 2020 | Amount | Debt – Conventional - I&M 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 I&M Bank
I&M Bank has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation, European Investment Bank and FMO. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Private equity firm
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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 I&M Bank
I&M Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Giro Commercial Bank and Orient Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial bank
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1993 | ||||
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Commercial banking services are provided in Kampala, Uganda.
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1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IM 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 |
I&M Bank Comparisons
Competitors of I&M Bank
I&M 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, Family Bank, Diamond Trust Bank and Chase 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 to clients in Kenya.
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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 I&M Bank
Frequently Asked Questions about I&M Bank
When was I&M Bank founded?
I&M Bank was founded in 1974 and raised its 1st funding round 42 years after it was founded.
Where is I&M Bank located?
I&M Bank is headquartered in Nairobi, Kenya.
Is I&M Bank a funded company?
I&M Bank is a funded company, having raised a total of $50M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $10M, raised on Sep 01, 2016.
What does I&M Bank do?
IM Bank was established in 1974 in Nairobi, Kenya, as a commercial bank by founder and chairman S B R Shah. Operations are focused on providing retail and corporate banking services, including loans, deposits, and investment products. The bank serves customers across Kenya through its network of branches and digital platforms, with emphasis on financial solutions for businesses and individuals in the region.
Who are the top competitors of I&M Bank?
I&M Bank's top competitors include Scotiabank, Sidian Bank and Family Bank.
How many acquisitions has I&M Bank made?
I&M Bank has made 2 acquisitions, including Giro Commercial Bank, and Orient Bank.
Who are I&M Bank's investors?
I&M Bank has 6 investors. Key investors include International Finance Corporation, European Investment Bank, FMO, British International Investment, and Africinvest.
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