About Uwezo MFBank
Uwezo MFBank is a company based in Nairobi (Kenya) founded in 2008 was acquired by Salaam African Bank in May 2021.. Uwezo MFBank operates in a competitive market with competitors including Gojo, Platinum Credit, Maisha Bank, Century Microfinance Bank and Caritas MFB, 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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Salaam African Bank
(May 20, 2021)
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Funding Insights of Uwezo 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 |
Investors in Uwezo MFBank
Uwezo MFBank has secured backing from 1 investor. Prominent investors backing the company include Salaam Bank. 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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Salaam Bank is recognized for providing innovative banking services.
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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 Uwezo 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 - Uwezo 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 |
Uwezo Mfbank Comparisons
Competitors of Uwezo MFBank
Uwezo 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, Platinum Credit, Maisha Bank, Century Microfinance Bank and Caritas 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 |
Microloans are provided to civil servants, TSC members, and employees.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Microfinance loans and services are extended to Kenyan communities.
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Provides microfinance accounts, loans, and insurance for personal and business needs.
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Provides microcredit services to support low-income individuals and businesses.
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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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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 Uwezo MFBank
When was Uwezo MFBank founded?
Uwezo MFBank was founded in 2008.
Where is Uwezo MFBank located?
Uwezo MFBank is headquartered in Nairobi, Kenya.
What does Uwezo MFBank do?
Uwezo MFBank was established in 2008 as a microfinance institution based in Nairobi, Kenya. Operations focus on delivering financial services to underserved communities, including small loans, savings accounts, and basic banking products. The bank serves low-income individuals and micro-entrepreneurs within the Kenyan market, emphasizing accessible and affordable credit options. Geographic activities are centered in urban and rural areas around Nairobi.
Who are the top competitors of Uwezo MFBank?
Uwezo MFBank's top competitors include Gojo, Sumac Microfinance Bank and Platinum Credit.
Who are Uwezo MFBank's investors?
Uwezo MFBank has 1 investor. Key investors include Salaam Bank.