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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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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People of I&M Bank
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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IFC is focused on private sector development in emerging markets.
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Locked | Locked | Locked | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Private equity firm
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Investor details for IM Bank
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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.
Investment portfolio details for IM Bank
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial bank
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Locked | Locked | 1993 | Locked | |
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Commercial banking services are provided in Kampala, Uganda.
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Locked | Locked | 1993 | Locked |
Complete acquisition details for IM Bank
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Financial Statements - IM Bank
Detailed financials for IM Bank
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- Profit trends
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I&M Bank Comparisons
Peer comparison for IM Bank
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided in Kenya by Sidian Bank.
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Commercial banking services are offered to clients in Kenya.
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Commercial bank
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| Locked | Locked | Locked |
Commercial bank
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Detailed competitors of IM Bank
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Latest news on I&M Bank
Complete news archive for IM Bank
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Frequently Asked Questions about I&M Bank
I&M Bank was founded in 1974 and raised its 1st funding round 42 years after it was founded.
I&M Bank is headquartered in Nairobi, Kenya.
I&M Bank is a funded company, having raised a total of $50M across 8 funding rounds to date.
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.
I&M Bank's top competitors include Scotiabank, Sidian Bank and Family Bank.
I&M Bank has made 2 acquisitions, including Giro Commercial Bank, and Orient Bank.
I&M Bank has 6 investors. Key investors include International Finance Corporation, European Investment Bank, FMO, British International Investment, and Africinvest.