MauBank
MauBank Limited is a private Mauritian commercial bank offering comprehensive retail, corporate, SME, international, and private banking services, supported by its MauBank WithMe mobile app, e-Banking platform, and SWIFT-enabled cross-border payment infrastructure.
- Company typePrivate
- Founded2016
- HeadquartersEbène, Mauritius
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What MauBank does
MauBank Limited is a privately held Mauritian commercial bank headquartered at 25 Bank Street, Cyber City, Ebène, Mauritius, operating across five distinct customer segments: Retail, Corporate, SME, International, and Private Banking. Founded in 2016 with 101-250 employees, the bank offers a comprehensive suite of financial products including deposit accounts (savings, current, fixed deposit, multi-currency, foreign currency), personal and commercial loans (personal unsecured/secured, home, car, education, and a distinctive zero-interest medical loan), debit and credit cards, vehicle leasing, insurance distribution (life, travel, home, motor, marine, fire, personal accident), trade finance, treasury services, and FX products (spot, forward, swaps). Specialized programs include ElleBoost Entreprendre for women entrepreneurs and SME LokalBoost for local small businesses, reflecting targeted SME segment strategies.
The bank's technology infrastructure is anchored by MauBank WithMe, a mobile banking application available on iOS, Android, and Huawei AppGallery that consolidates all customer accounts into a single interface, complemented by an internet banking (e-Banking) platform, ATM network, and SWIFT connectivity (SWIFT code MPCBMUMU) for cross-border transfers and receipts. The bank holds a J.P. Morgan Payments Elite Quality Recognition Award, validates payment processing standards, and operates in compliance with the Mauritius Data Protection Act 2017 with a designated Data Protection Officer. Distribution combines a domestic branch/service point network across Mauritius with digital self-service channels and dedicated business centres for corporate/SME clients and a relationship desk for international banking clients.
MauBank's revenue model is multi-stream: net interest income from its loan portfolio (personal, home, car, education loans, and credit card balances) offset by deposit interest expense, transaction and service fees (SWIFT transfers, remittances, bank drafts, direct debits, standing instructions), foreign exchange services (spot, forward, swaps), leasing income (up to 90-100% financing), and commission from insurance product distribution. The go-to-market is hybrid: direct-to-consumer via branches, mobile app, e-Banking, and online account opening for retail; enterprise field sales via dedicated relationship desks and business centres for corporate and SME segments. No public revenue or funding data is disclosed, and the bank is privately held with no parent company or institutional investor identified in available sources.
MauBank firmographics
Firmographics- Name
- MauBank
- Legal name
- MauBank Limited
- Website
- https://maubank.mu
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- MauBank Limited is a private Mauritian commercial bank offering comprehensive retail, corporate, SME, international, and private banking services, supported by its MauBank WithMe mobile app, e-Banking platform, and SWIFT-enabled cross-border payment infrastructure.
- Ownership category
- akta.pro rank
MauBank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where MauBank is headquartered
LocationHeadquarters
- HQ city
- Ebène
- HQ country
- Mauritius
- HQ region
- Africa
Offices1 record
Markets served
MauBank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest earned on loan portfolio including personal loans, home loans, car loans, education loans, and credit card balances offset by interest paid on deposits
- Transaction and Service Fees: Fees from SWIFT international transfers, remittances, bank drafts, standing instructions, direct debit, and ATM withdrawals
- Foreign Exchange Services: Revenue from currency exchange services including spot FX transactions, forward FX transactions, and foreign currency swaps for corporate clients
- Leasing and Credit Products: Vehicle financing and leasing arrangements with up to 90% financing available for both retail and corporate clients
- Insurance Products Distribution: Commission revenue from sale of insurance products including life insurance, travel insurance, home insurance, motor vehicle insurance, personal accident, fire & allied perils, and marine insurance
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
MauBank product offering
Product offeringCore offering
MauBank is a full-service commercial bank operating in Mauritius that provides retail, corporate, SME, international, and private banking services. Its core offerings include deposit accounts (savings, current, fixed deposit, foreign currency, multi-currency), personal and commercial loans (personal, home, car, education, zero-interest medical, private mortgage), debit and credit cards, leasing, trade finance, treasury and FX services (spot, forward, swaps), SWIFT international transfers, remittances, bank drafts, and a range of insurance products distributed to retail customers.
Product overview
MauBank is a Mauritian financial institution offering a comprehensive suite of banking products and services across five primary segments: Retail Banking (personal accounts, loans including home/car/education/personal loans, credit/debit cards, insurance, and digital self-banking services), Corporate Banking (trade finance, treasury services, foreign exchange products including spot/forward FX transactions and currency swaps, and international payment solutions), SME Banking (specialized accounts like ElleBoost Entreprendre for women entrepreneurs and SME LokalBoost for local businesses), International Banking (multi-currency accounts, term deposits, payment solutions, and global connectivity), and Private Banking (tailored wealth management services including mortgages and credit facilities). The bank's digital infrastructure centers on MauBank WithMe, a mobile application enabling 24/7 account management, complemented by extensive ATM and e-banking services. International operations leverage the SWIFT network (SWIFT code: MPCBMUMU) for cross-border transfers and VISA partnerships for card services.
Differentiator
Problem solved
Functional benefit
Brands
- MauBank WithMe: Mobile banking application that consolidates all bank accounts into one app, available on iOS, Android, and Huawei app stores.
Products and services
- Savings Account
- Current Account
- Fixed Deposit Account
- Personal Loan (Unsecured)
- Personal Loan (Secured)
- Home Loan
- Car Loan
- Education Loan
- Zero Interest Medical Loan Scheme
- Debit Cards
- Credit Cards
- Leasing
- SWIFT International Transfers
- Bank Drafts
- Remittances
- Foreign Currency Account
- Treasury Services
- Foreign Currency Swaps
- Spot FX Transactions
- Forward FX Transactions
- Trade Finance
- Multi-Currency Account
- International Term Deposit Account
- Payment Solutions
- Cash Management
- Global Network & Connectivity
- Private Banking Services
- Private Mortgage Services
- ElleBoost Entreprendre
- SME LokalBoost
- e-Banking
- ATM Services
- Insurance Products
- MauBank WithMe
Companies that use MauBank
Customer profileSegments5 records
Ideal customer profiles5 records
MauBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
MauBank partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
MauBank competitors and assessment
Company assessmentDirect peers
- ABC Banking Corporation: ABC Banking Corporation is a Mauritian commercial bank providing retail, corporate, and international banking services. It is a direct peer competing for the same Mauritian customer base across multiple segments served by MauBank.
- MCB Group: MCB Group is the largest banking institution in Mauritius, offering retail, corporate, SME, and international banking. As the dominant incumbent, it is the primary direct competitor to MauBank across all five of MauBank's segments and represents the closest comparable for market positioning.
- Bank One Mauritius: Bank One is a Mauritian commercial bank offering retail and SME banking products. It is a direct competitor to MauBank in the Mauritian market with overlapping deposit, loan, and card products.
- AfrAsia Bank: AfrAsia Bank is a Mauritian commercial bank focused on international and private banking, serving African and Asian cross-border clients. It directly overlaps with MauBank's International and Private Banking segments and competes for the same affluent and corporate client base.
- Banque des Mascareignes: Banque des Mascareignes is a Mauritian bank focused on retail and SME banking. It is a direct competitor to MauBank particularly in the SME segment, offering comparable deposit and lending products to local businesses.
- SBM Bank (Mauritius): State Bank of Mauritius is a major domestic commercial bank offering retail, corporate, and SME banking. It is a direct competitor with similar full-service banking positioning and comparable geographic scope within Mauritius.
Regional players
- State Bank of India (Mauritius): State Bank of India operates a Mauritius branch serving retail and corporate clients, particularly for India-Africa trade and remittance flows. It is a regional peer competing with MauBank's International Banking and remittance services.
- Bank of Baroda (Mauritius): Bank of Baroda operates in Mauritius as an Indian banking subsidiary offering retail and corporate banking. It is a regional peer serving the Mauritian market with backing from its Indian parent, competing for cross-border India-Africa banking flows.
Broad incumbents
- HSBC Mauritius: HSBC Mauritius is a subsidiary of global banking giant HSBC, offering retail, corporate, and international banking. It competes with MauBank's International and Corporate Banking segments as a broad incumbent with global network advantages.
- Standard Chartered Mauritius: Standard Chartered Mauritius offers corporate, institutional, and priority banking services as part of its global network. It competes with MauBank's International Banking segment with broader geographic reach and correspondent banking depth.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
MauBank social profiles
Digital presenceMauBank compliance and trust
Trust signalCompliance2 records
MauBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
MauBank leadership team
Management profileNumber of profiles
MauBank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MauBank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MauBank
What does MauBank do?
MauBank is a full-service commercial bank operating in Mauritius that provides retail, corporate, SME, international, and private banking services. Its core offerings include deposit accounts (savings, current, fixed deposit, foreign currency, multi-currency), personal and commercial loans (personal, home, car, education, zero-interest medical, private mortgage), debit and credit cards, leasing, trade finance, treasury and FX services (spot, forward, swaps), SWIFT international transfers, remittances, bank drafts, and a range of insurance products distributed to retail customers.
Is MauBank a public or private company?
MauBank is a private company. It is classified as unknown and is currently operating.
When was MauBank founded?
MauBank was founded in 2016. It employs 101 to 250 people.
Where is MauBank based?
MauBank is headquartered in Ebène, Mauritius, in the Africa region.
How does MauBank make money?
Five revenue lines are on record. Net Interest Income is the primary driver. The others are transaction and Service Fees, foreign Exchange Services, leasing and Credit Products and insurance Products Distribution.
Who are MauBank's main competitors?
Direct peers on record are ABC Banking Corporation, MCB Group, Bank One Mauritius, AfrAsia Bank, Banque des Mascareignes and SBM Bank (Mauritius). Regional players are State Bank of India (Mauritius) and Bank of Baroda (Mauritius). Broad incumbents are HSBC Mauritius and Standard Chartered Mauritius.
Does MauBank have an API?
No public API is recorded for MauBank.
What industry is MauBank in?
MauBank's product category is Retail Banking. Its primary akta.pro industry code is FSABABAB, SME Business Lending (Term Loans, Lines of Credit, Overdrafts), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522110 and its SIC code is 6021.