Banque Mauritanienne de l'Investissement

What Banque Mauritanienne de l'Investissement does

Banque Mauritanienne de l'Investissement (BMI) is a Mauritanian private commercial bank (société anonyme) headquartered in Nouakchott, operating since 2006 under a Sharia-compliant (Islamic finance) framework. The bank serves individual retail customers (students, salaried workers, retirees, traders), small and medium enterprises (PME), large enterprises and intermediate-sized companies (ETI/GE), and associations/NGOs within Mauritania. Core activities include current accounts, savings, Sharia-compliant Qard Hassan financing (interest-free loans), debit card issuance, cheque and wire transfer services, bill payments (SNDE, SOMELEC, RIMATEL), trade finance, and digital banking.

The bank's product architecture is organized into a structured pack-based model. Individual customers choose from six tiered packages (Pack Prestige, VIP, Ratibi, Ratibi+, Irbah, Moumayaz) priced 188.1–1,569.4 MRU/month, each bundling a current account with Classic or Gold debit cards (10,000–80,000 MRU/day withdrawal ceilings), SMS Banking, and incremental access to E-BMI and chequebooks. Enterprise customers select from seven business packages (Pack Business through Pack GE+) with monthly fees ranging from 14,231 MRU to 912,931 MRU, with Qard Hassan financing caps escalating from 1M MRU to 80M MRU. The technology stack centers on two proprietary digital channels: BMI Online (E-BMI) — a web and mobile banking platform providing 24/7 account management, transfers, cardless withdrawals, Zakat calculator, and online account opening; and SEDAD, a wholly-owned digital wallet subsidiary providing mobile-first banking through an agent point network.

Revenue is generated through subscription fees on packaged accounts and remote-banking services, card acquisition and interbank transaction fees, net interest/margin on Qard Hassan lending and trade finance, and fees from enterprise banking facilities. BMI's distribution combines physical branches with the SEDAD agent network and digital self-service. The bank has secured three major institutional financing partnerships — €20M from the European Investment Bank (2023), up to $30M from the IFC (2023), and $15M from Shelter Afrique (2025) — collectively providing significant on-lending capacity, with stated targets of approximately 400 SME beneficiaries and explicit allocations of 30%+ for women-owned and youth-led enterprises.

Name

Banque Mauritanienne de l'Investissement

Legal name

Banque Mauritanienne de l'Investissement

Website

https://bmi.mr

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Banque Mauritanienne de l'Investissement is a Mauritanian Islamic-compliant bank offering Sharia-compliant current accounts, tiered subscription packs, Qard Hassan financing, debit cards, and digital banking (BMI Online and SEDAD wallet) to individuals, SMEs, and large enterprises across Mauritania.

Ownership category

akta.pro rank

Product category

Islamic Retail and Commercial Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Islamic banking services
• Retail banking products
• Commercial banking solutions
• SME financing
• Digital banking platform

Headquarters

HQ city

Nouakchott

HQ country

Mauritania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Account and Package Fees: Monthly subscription fees from packaged banking offerings (Packs) for both individuals and enterprises. Individual packs range from 188.1 to 1,569.4 MRU/month; enterprise packs from 14,231 to 912,931 MRU/month.
2. Card Issuance and Transaction Fees: Card acquisition fees (Classic 600 MRU, Gold 1,100 MRU), ATM withdrawal fees from other banks (10 MRU + 1%), and interbank transaction fees.
3. Islamic Financing (Qard Hassan and Project Finance): Interest-free financing products including Qard Hassan capped at various amounts per pack tier (1M–80M MRU), and EU/BEI-supported SME financing programs targeting women and youth entrepreneurs.
4. Trade Finance: Financing for import/export of strategic goods, facilitated through IFC Global Trade Finance Program and Africa Trade Recovery Initiative.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Banque Mauritanienne de l'Investissement (BMI) is a Sharia-compliant bank operating in Mauritania. It provides current accounts, savings, Qard Hassan interest-free financing, debit cards (Classic and Gold), chequebooks, wire transfers, bill payments, and digital banking services (BMI Online web/app and SEDAD mobile wallet). The bank serves retail individuals, SMEs, large enterprises, associations, and NGOs through physical branches, digital channels, and SEDAD agent points, with tiered monthly subscription packs escalating in financing limits and card benefits.

Product overview

Banque Mauritanienne de l'Investissement (BMI) is an Islamic-compliant bank offering a multi-tiered portfolio of banking products and services for both individuals (Particuliers) and businesses (Entreprises). The consumer banking suite comprises six bundled account packages — Pack Prestige, Pack VIP, Pack Ratibi, Pack Ratibi+, Pack Irbah, and Pack Moumayaz — each combining current account access, debit cards (Carte Classique or Carte Gold at varying spending limits), remote banking (E-BMI/SMS Banking), and chequebooks at different monthly price points. Business banking is served through six enterprise packages — Pack VIP+, Pack Business, Pack Business+, Pack GE, Pack GE+, Pack Istithmar, and Pack Istithmar+ — escalating in Qard Hassan financing limits from 1,000,000 to 80,000,000 MRU and bundled with E-BMI and SMS services. Core foundational services include individual and corporate current accounts, chequebooks, wire transfers, and bill payment for utilities (SNDE, SOMELEC, RIMATEL). Digital channels are anchored by BMI Online (web and mobile app) and SMS Banking, while the SEDAD digital wallet brand provides a separate mobile-first banking layer with peer-to-peer transfers, airtime recharge, merchant payments, and cash withdrawal. BMI also partners with the European Investment Bank (20M EUR financing convention) and the IFC (up to 30M USD facility) to channel SME lending, targeting women-led and youth-led enterprises.

Differentiator

Problem solved

Functional benefit

Brands

• SEDAD: Digital mobile banking brand of BMI offering electronic wallet services including transfers, payments, mobile recharge, cash withdrawals, e-commerce, and bill payments through a smartphone application.
• BMI Online

Products and services

• BMI Online (E-BMI)
• SMS Banking
• SEDAD Mobile Wallet
• Pack Prestige
• Pack VIP
• Pack Ratibi
• Pack Ratibi+
• Pack Irbah
• Pack Moumayaz
• Pack Business
• Pack Business+
• Pack GE
• Pack GE+
• Pack Istithmar
• Pack Istithmar+
• Pack VIP+ (Entreprises)
• Carte Classique Chip-based Classic debit card for current account holders, valid for 2 years, with a 10,000 MRU/day withdrawal limit and an acquisition cost of 600 MRU.
• Carte Gold Premium chip-based Gold debit card with enhanced payment and withdrawal capabilities, a 40,000 MRU/day ATM ceiling, and an acquisition cost of 1,100 MRU.
• Compte Courant Particuliers Individual current account supporting cash deposits, salary domiciliation, internal and external transfers, and bill payments (SNDE, SOMELEC, RIMATEL) with chequebook, debit card, and remote banking access.
• Compte Courant Entreprises Demand deposit account for legal entities (companies, associations, NGOs) providing credit access, overdraft facilities, and payment instruments including debit cards and chequebooks.
• BEI-BMI SME Financing Convention EUR 20 million financing facility from the European Investment Bank channelled through BMI to SMEs and mid-sized enterprises, with at least 30% earmarked for women-led and 30% for youth-led businesses, over a 2-10 year term.
• Cheque Service Paper-based payment instrument enabling cashless transactions, provided as chequebooks to current account holders.
• Virement (Wire Transfer) Bank transfer service supporting one-time and standing payment orders to accounts within BMI or across Mauritanian and international banks, using RIB, BIC, and IBAN identifiers.

Quantifiable outcome

• Up to €40 million in total financing mobilized for Mauritanian enterprises through €20M BEI facility
• +3 more outcomes

Named customers1 record

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Banque Islamique de Mauritanie (BIM): The other Mauritanian Sharia-compliant bank, directly competing with BMI in Islamic current accounts, Murabaha financing, and Islamic deposit products for the same Mauritanian Muslim retail and SME customer base.
• Banque Sahélo-Saharienne pour l'Investissement et le Commerce (BSIC): Pan-African Islamic bank with operations across West and Central Africa; competes with BMI in Islamic finance, trade finance, and Sharia-compliant SME lending in overlapping geographies.
• Banque Populaire de Mauritanie (BPM): Leading Mauritanian commercial bank offering current accounts, SME financing, and digital banking; competes head-to-head with BMI in the same Mauritanian retail and corporate segments, though BPM is not Islamic.

Broad incumbents

• Al Baraka Bank: Major regional Islamic banking group operating across MENA and North/West Africa; offers comparable Sharia-compliant products (Murabaha, Ijara, current accounts) and competes in the broader Islamic-finance addressable market relevant to BMI.
• Attijariwafa Bank: Largest Moroccan banking group with a pan-African footprint (including West Africa); offers commercial and increasingly Islamic-banking products and represents the kind of regional incumbent that could enter or expand in Mauritania.
• Bank of Africa (BOA): Pan-African banking group with a significant West African franchise including Islamic banking windows; comparable in terms of SME lending, current accounts, and digital channels, though broader in geographic scope than BMI.
• Ecobank Transnational Incorporated: Pan-African banking group with presence across West Africa including Mauritania; offers comparable trade finance, SME, and digital banking services, representing scale-based competition for BMI's corporate and trade segments.
• Qatar National Bank (QNB) Group: One of the largest Middle Eastern banks with growing African footprint including Mauritania; an Islamic-finance-adjacent incumbent with the balance-sheet capacity to compete in Mauritanian SME and trade finance.

Regional players

• Coris Bank International: West African banking group headquartered in Burkina Faso, expanding SME and digital banking across the WAEMU zone; a comparable regional player with similar target segments but operating in adjacent West African markets.
• Orabank (Oragroup): West African banking group operating across multiple francophone African markets; comparable in scale, target SME and retail segments, and digital-channel deployment, though serving different national markets than BMI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banque Mauritanienne de l'Investissement