About Microbiz MFBank
Microbiz MFBank is a company based in Abuja (Nigeria) founded in 2019. It operates as a D2C, and B2B. Microbiz MFBank offers products and services including Payroll Loans, Nano Loans, Small Business Loans, Instant Transfers, and Savings Accounts. Microbiz MFBank operates in a competitive market with competitors including Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Lavender Microfinance Bank and Seedvest MFB, among others.
- Headquarter Abuja, Nigeria
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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 Microbiz Mfbank Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Microbiz MFBank
Microbiz MFBank offers a comprehensive portfolio of products and services, including Payroll Loans, Nano Loans, Small Business Loans, Instant Transfers, and Savings Accounts. 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.
Loans for payroll purposes to support employee finances.
Small loans for immediate personal or business needs.
Loans aimed at supporting registered business owners.
Service for quick fund transfers between accounts.
Accounts for saving money with interest returns.
Feature to buy mobile airtime and data subscriptions.
Funding Insights of Microbiz MFBank
| 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 |
Investments & Acquisitions by Microbiz MFBank
| 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 - Microbiz MFBank
| 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 |
Microbiz Mfbank Comparisons
Competitors of Microbiz MFBank
Microbiz MFBank 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 Gojo, AB Microfinance Bank Nigeria, VFD Microfinance Bank, Lavender Microfinance Bank and Seedvest MFB, 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 |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Financial products are offered to micro, small, and medium enterprises.
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| domain | founded_year | HQ Location |
Operates as a microfinance bank offering accessible financial services to individuals.
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| domain | founded_year | HQ Location |
Offers personal and business banking, loans, mobile apps, and online financial services.
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| domain | founded_year | HQ Location |
Offers loans and banking services to SMEs and women entrepreneurs in Nigeria.
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| domain | founded_year | HQ Location |
Delivers comprehensive microfinancing services to clients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Microbiz MFBank
When was Microbiz MFBank founded?
Microbiz MFBank was founded in 2019.
Where is Microbiz MFBank located?
Microbiz MFBank is headquartered in Abuja, Nigeria. It is registered at Abuja, Federal Capital Territory, Nigeria.
What does Microbiz MFBank do?
Microbiz Microfinance Bank delivers financial services through a mobile app, including instant loans, savings accounts, fund transfers, and bill payments. It serves individuals and small businesses in Nigeria, focusing on easy access and financial inclusion. Based in Abuja, the bank enables quick account opening and secure transactions without traditional hassles, catering to salaried employees and entrepreneurs with products like micro loans and instant transfers.
Who are the top competitors of Microbiz MFBank?
Microbiz MFBank's top competitors include Gojo, AB Microfinance Bank Nigeria and RIGO Microfinance Bank.
What products or services does Microbiz MFBank offer?
Microbiz MFBank offers Payroll Loans, Nano Loans, Small Business Loans, Instant Transfers, and 2 more products and services.