About New Finance Bank
New Finance Bank is a company based in Lilongwe (Malawi) founded in 2014 was acquired by Mybucks in July 2017.. New Finance Bank operates in a competitive market with competitors including Scotiabank, National Bank of Malawi, FDH Financial Holdings, NBS Bank and Kreissparkasse Biberach, among others.
- Headquarter Lilongwe, Malawi
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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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Funding Insights of New Finance 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 New Finance Bank
New Finance Bank has secured backing from 1 investor. Prominent investors backing the company include Mybucks. 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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A fintech holding company focused on credit and banking products.
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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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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 New Finance 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 - New Finance 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 |
New Finance Bank Comparisons
Competitors of New Finance Bank
New Finance 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, National Bank of Malawi, FDH Financial Holdings, NBS Bank and Kreissparkasse Biberach, 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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Commercial banking services are offered in Malawi.
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| domain | founded_year | HQ Location |
Commercial Bank
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Commercial banking services are offered in Malawi by NBS Bank.
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Provides retail and business banking services with online platforms and financial products.
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| domain | founded_year | HQ Location |
Functions as a commercial bank offering deposits, loans, and payment services.
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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 New Finance Bank
When was New Finance Bank founded?
New Finance Bank was founded in 2014.
Where is New Finance Bank located?
New Finance Bank is headquartered in Lilongwe, Malawi.
Who is the current CEO of New Finance Bank?
Zandile Shaba is the current CEO of New Finance Bank.
What does New Finance Bank do?
New Finance Bank commercial bank, focusing on offering financial products and advice, banks, and commercial banks. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of New Finance Bank?
New Finance Bank's top competitors include Scotiabank, National Bank of Malawi and National Bank of Malawi.
Who are New Finance Bank's investors?
New Finance Bank has 1 investor. Key investors include Mybucks.