About M-BIRR
M-BIRR is a company based in Addis Ababa (Ethiopia) founded in 2009 by James Noctor.. M-BIRR has raised $14.84 million across 2 funding rounds from investors including DEG. M-BIRR operates in a competitive market with competitors including Paytailor and SimBirr, among others.
- Headquarter Addis Ababa, Ethiopia
- Founders James Noctor
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.84 M (USD)
in 2 rounds
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Latest Funding Round
$9.87 M (USD), Series A
Mar 20, 2018
- Investors
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Employee Count
Employee Count
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Funding Insights of M-BIRR
M-BIRR has successfully raised a total of $14.84M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9.87 million completed in March 2018. 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 2
- Last Round Series A — $9.9M
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First Round
First Round
(26 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series A - M-BIRR | Valuation |
investors |
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| Jan, 2018 | Amount | Series A - M-BIRR | Valuation | DEG |
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| 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 M-BIRR
M-BIRR has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include DEG. 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 firm focused on growth equities
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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 M-BIRR
| 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 - M-BIRR
| 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 |
M-Birr Comparisons
Competitors of M-BIRR
M-BIRR 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 Paytailor and SimBirr, 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 |
Mobile payments are enabled via carrier billing for merchants.
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| domain | founded_year | HQ Location |
Provides a payment solution for accepting mobile money and airtime billing.
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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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Frequently Asked Questions about M-BIRR
When was M-BIRR founded?
M-BIRR was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is M-BIRR located?
M-BIRR is headquartered in Addis Ababa, Ethiopia.
Is M-BIRR a funded company?
M-BIRR is a funded company, having raised a total of $14.84M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.97M, raised on Jan 26, 2018.
What does M-BIRR do?
M-BIRR was established in 2009 in Addis Ababa, Ethiopia, within the fintech sector. Carrier billing services are delivered to enable money transfers, utility bill payments, and settlements for offline purchases. A network of agents supports wallet funding and withdrawals. Transaction fees are applied across these operations, facilitating accessible financial services in the region.
Who are M-BIRR's investors?
M-BIRR has 1 investor. Key investors include DEG.
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