About NMB Bank
NMB Bank is a company founded in 2005.. NMB Bank offers products and services including Personal Account, Business Account, Internet Banking, and Salaried Workers Loan. NMB Bank operates in a competitive market with competitors including Scotiabank, CRDB Bank, Azania Bank, Akiba Commercial Bank and EFC Tanzania Microfinance Bank, among others.
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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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- Legal Name Nmb Bank Plc.
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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
FMO
& 2 more
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Employee Count
Employee Count
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Products & Services of NMB Bank
NMB Bank offers a comprehensive portfolio of products and services, including Personal Account, Business Account, Internet Banking, and Salaried Workers Loan. 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.
Account for individual transactions and savings management.
Account for company transactions and financial operations.
Online platform for secure banking and payments access.
Loan option for employees to cover personal expenses.
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Software Development Team
21 people
Human Resources and Administration
5 people
Leadership Team
5 people
Finance and Accounting
4 people
Senior Team
4 people
Data Analysis and Operations Team
3 people
Product Management Team
3 people
Customer Team
2 people
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Funding Insights of NMB Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(23 Oct 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2020 | Amount | Series A - NMB Bank | Valuation | Arise |
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| Oct, 2015 | Amount | Debt – Conventional - NMB Bank | Valuation |
investors |
| 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 NMB Bank
NMB Bank has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include FMO, Swedfund and Arise Invest. 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 and debt investments are managed across Africa.
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Early-stage SMEs are invested in by government-operated Swedfund.
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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 NMB 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 - NMB 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 |
Nmb Bank Comparisons
Competitors of NMB Bank
NMB 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, CRDB Bank, Azania Bank, Akiba Commercial Bank and EFC Tanzania Microfinance 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 provided by CRDB Bank in Tanzania.
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| domain | founded_year | HQ Location |
Provides banking services for personal and business needs in Tanzania.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to clients in Tanzania.
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| domain | founded_year | HQ Location |
Microfinance services are extended to underserved clients in Tanzania.
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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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Latest news on Nmb Bank
Frequently Asked Questions about NMB Bank
When was NMB Bank founded?
NMB Bank was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Who is the current CEO of NMB Bank?
Ineke Bussemaker is the current CEO of NMB Bank.
What does NMB Bank do?
NMB Bank was established in 2005 as a commercial bank based in Tanzania. Core operations involve offering deposit accounts, loan facilities, and payment services to retail and corporate clients. Transactions are facilitated through branches and digital platforms accessible via nmbbank.co.tz. Leadership is held by Ineke Bussemaker in the role of CEO and Managing Director. Focus remains on the Tanzanian financial sector without specified international expansion.
Who are the top competitors of NMB Bank?
NMB Bank's top competitors include Scotiabank, CRDB Bank and Akiba Commercial Bank.
What products or services does NMB Bank offer?
NMB Bank offers Personal Account, Business Account, Internet Banking, and Salaried Workers Loan.
Who are NMB Bank's investors?
NMB Bank has 3 investors. Key investors include FMO, Swedfund, and Arise Invest.
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