About Jamii Bora Bank
Jamii Bora Bank is a company based in Nairobi (Kenya) founded in 1999 was acquired by Co-operative Bank in March 2020.. Jamii Bora Bank has raised $11.67 million across 3 funding rounds from investors including Co-operative Bank, Acumen and Equator Capital Partners. Jamii Bora Bank operates in a competitive market with competitors including Scotiabank, I&M Bank, Sidian Bank, Family 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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.67 M (USD)
in 3 rounds
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Latest Funding Round
$11.67 M (USD), Series A
Apr 12, 2016
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Investors
Co-operative Bank
& 4 more
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Employee Count
Employee Count
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Acquired by
Co-operative Bank
(Mar 12, 2020)
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Funding Insights of Jamii Bora Bank
Jamii Bora Bank has successfully raised a total of $11.67M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $11.67 million completed in April 2016. 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 Series A — $11.7M
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First Round
First Round
(01 Jun 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series A - Jamii Bora Bank | Valuation |
investors |
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| Nov, 2014 | Amount | Series A - Jamii Bora Bank | Valuation |
investors |
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| Jun, 2007 | Amount | Debt – Conventional - Jamii Bora 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 Jamii Bora Bank
Jamii Bora Bank has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Co-operative Bank, Acumen and Equator Capital Partners. 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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Private equity investments are directed toward Asia and Africa.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Private equity investments are directed toward mid-sized African companies.
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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 Jamii Bora 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 - Jamii Bora 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 |
Jamii Bora Bank Comparisons
Competitors of Jamii Bora Bank
Jamii Bora 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, I&M Bank, Sidian Bank, Family 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 offered in Kenya.
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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 Jamii Bora Bank
Frequently Asked Questions about Jamii Bora Bank
When was Jamii Bora Bank founded?
Jamii Bora Bank was founded in 1999 and raised its 1st funding round 8 years after it was founded.
Where is Jamii Bora Bank located?
Jamii Bora Bank is headquartered in Nairobi, Kenya.
Is Jamii Bora Bank a funded company?
Jamii Bora Bank is a funded company, having raised a total of $11.67M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $250K, raised on Jun 01, 2007.
What does Jamii Bora Bank do?
Jamii Bora Bank was established in 1999 as a commercial bank based in Nairobi, Kenya. Operations focus on financial services within the banking sector, including account management, trade financing, leasing arrangements, and money transfer facilities. These services are extended to clients across Kenya, supporting various economic activities in the region. The banks domain is registered as jamiiborabank.co.ke.
Who are the top competitors of Jamii Bora Bank?
Jamii Bora Bank's top competitors include Scotiabank, Sidian Bank and Family Bank.
Who are Jamii Bora Bank's investors?
Jamii Bora Bank has 5 investors. Key investors include Co-operative Bank, Acumen, Equator Capital Partners, Progression Capital Africa, and Catalyst Principal Partners.