About Mayfair Bank
Mayfair Bank is a company based in Nairobi (Kenya) founded in 2017 was acquired by CIB Egypt in April 2020.. Mayfair Bank offers products and services including Transactional Accounts, Lending Products, Trade Finance, and MAYPAY Digital Banking. Mayfair 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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Phone
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Website
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Social
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- Legal Name Mayfair Bank Limited
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Products & Services of Mayfair Bank
Mayfair Bank offers a comprehensive portfolio of products and services, including Transactional Accounts, Lending Products, Trade Finance, and MAYPAY Digital Banking. 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.
Accounts for daily financial transactions and management.
Loans for businesses and individuals to support growth.
Services for facilitating trade and export activities.
Mobile app for secure banking and transactions.
Funding Insights of Mayfair 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 Mayfair Bank
Mayfair Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CIB Egypt. 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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Commercial banking services are provided across Egypt's private sector.
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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 Mayfair 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 - Mayfair 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 |
Mayfair Bank Comparisons
Competitors of Mayfair Bank
Mayfair 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 |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are offered in Kenya.
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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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Commercial bank
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Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mayfair Bank
Frequently Asked Questions about Mayfair Bank
When was Mayfair Bank founded?
Mayfair Bank was founded in 2017.
Where is Mayfair Bank located?
Mayfair Bank is headquartered in Nairobi, Kenya.
Who is the current CEO of Mayfair Bank?
Joram Kiarie is the current CEO of Mayfair Bank.
What does Mayfair Bank do?
Mayfair Bank was established in 2017 as a commercial bank based in Nairobi, Kenya. Operations focus on standard banking activities, including deposit accounts, lending, and transaction services for individuals and businesses. The institution is led by CEO Joram Kiarie and serves the local financial market in the region, adhering to regulatory standards in the Kenyan banking sector.
Who are the top competitors of Mayfair Bank?
Mayfair Bank's top competitors include Scotiabank, Sidian Bank and Family Bank.
What products or services does Mayfair Bank offer?
Mayfair Bank offers Transactional Accounts, Lending Products, Trade Finance, and MAYPAY Digital Banking.
Who are Mayfair Bank's investors?
Mayfair Bank has 1 investor. Key investors include CIB Egypt.