Nouvobanq

What Nouvobanq does

Nouvobanq (legal entity: Seychelles International Mercantile Banking Corporation Ltd.) is a private, regulated commercial bank incorporated in 1991 and headquartered in Victoria, Mahe, Seychelles, operating under the Financial Institutions Act with oversight from the Central Bank of Seychelles. The bank provides a full-service retail and corporate banking franchise across Seychelles through 5 physical branches plus an airport agency on Mahe, Praslin, and La Digue, supported by an ATM network and digital channels including the NouvoConnect mobile banking app (iOS/Android), an internet banking platform, and Scan2Pay QR code payments. Product breadth spans current and savings accounts, fixed deposits, debit/credit cards, POS acquiring with multi-currency support (SCR/EUR/USD), standing orders, payment transfers, bulk upload, and night safe cash management, plus a lending suite covering home finance loans, vehicle loans, consumer loans, SME government scheme loans, term loans, overdrafts, trade finance, and bonds/guarantees.

The business model is a traditional spread-and-fee banking model: net interest income from lending products (e.g., home finance at 5.5% p.a., SME scheme at 5-7%) and corporate facilities, combined with transaction fees on transfers (SCR 5-25), standing orders, card operations, night safe subscriptions (SCR 100/month), and interchange/POS fees. Pricing is published and largely transactional with free internet banking and bill payment for individuals, positioning digital channels as a customer-acquisition lever. The customer base is horizontally segmented across individual retail and corporate/business clients, with a government-assisted SME lending vertical layered on top.

Go-to-market is direct-to-consumer via the branch network combined with digital self-service, supported by organic social presence on Facebook/Instagram/LinkedIn/YouTube, a Financial Awareness Programme, and community sponsorships including the FIFA Beach Soccer World Cup 2025. Operating footprint remains domestic Seychelles with no disclosed geographic expansion, M&A, or external funding events. Recent strategic activity has emphasized digital modernization — notably the wind-down of individual cheques in line with Central Bank policy (Jan/May 2025) and rollout of Scan2Pay QR payments — and brand/community positioning through event sponsorship.

Name

Nouvobanq

Legal name

Seychelles International Mercantile Banking Corporation Ltd.

Website

https://nouvobanq.sc

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Nouvobanq is a privately regulated Seychelles commercial bank offering personal and corporate banking, lending, cards, POS acquiring, and digital banking (NouvoConnect app, Scan2Pay QR) via five branches and digital channels across Mahe, Praslin, and La Digue.

Ownership category

akta.pro rank

Headquarters

HQ city

Victoria

HQ country

Seychelles

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Revenue generated from interest charged on loans including home finance loans (5.5% p.a.), vehicle loans, consumer loans, SME loans, and overdraft facilities. Also earns interest on fixed deposits and savings accounts.
2. Transaction and Service Fees: Fees earned from various banking services including standing orders (SCR 10-25 per transaction), payment transfers (SCR 5-20), ATM withdrawals, night safe services (SCR 100 monthly), and account maintenance.
3. Card Services: Revenue from debit and credit card operations including annual fees, transaction fees, and interchange fees on card payments processed through POS terminals.
4. Corporate Banking Services: Fees and interest income from corporate current accounts, call accounts, term loans, trade finance, and working capital facilities for business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Nouvobanq is a licensed commercial bank in Seychelles providing personal and corporate banking products, including current/savings accounts, fixed deposits, debit and credit cards, and a diversified loan book (home finance, vehicle, consumer, SME, term, overdraft, and trade finance). It also offers digital banking through its NouvoConnect mobile app, internet banking, an ATM network, POS acquiring, and the Scan2Pay QR-code payment system.

Product overview

Nouvobanq is a banking institution offering a comprehensive suite of personal and corporate banking products and services. The core offerings include Current Accounts, Savings Accounts, and Fixed Deposits for personal banking, alongside Corporate Current Accounts and Corporate Call Accounts for business customers. The bank provides a full range of card products including Debit Cards (Visa/UPI), Credit Cards (Visa Gold/Corporate), and maintains an ATM network. Digital banking services are delivered through Online Banking, the NouvoConnect mobile app, POS Services, Scan2Pay QR payments, and payment transfer services including Standing Orders and Bulk Upload capabilities. Lending products span Home Finance Loans, Vehicle Loans, Consumer Loans, SME Government Scheme financing, Term Loan Facilities, Overdraft Facilities, and Trade Loan Facilities. The bank also offers Bonds and Guarantees for business credibility and Night Safe services for cash management.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Community support through sponsorship of FIFA Beach Soccer World Cup 2025

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• FIFA Beach Soccer World Cup 2025minorGTM or Marketing Partner · 9 April 2025Nouvobanq is an Official Supporter of the FIFA Beach Soccer World Cup 2025. The tournament is being hosted for the first time in Seychelles and in Africa. Sixteen teams participate from around the world. The sponsorship represents the bank's commitment to community involvement by supporting a global sport event at a local level.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bank of Seychelles (Seychelles Credit Union / local institutions): Domestic Seychelles banking institution offering personal and corporate banking. Direct peer competing in the same national market for retail deposits, SME lending, and government-backed schemes.
• Absa Bank Seychelles (formerly Barclays Bank Seychelles): One of the principal domestic commercial banks in Seychelles, offering retail and corporate banking products. Direct peer competing for the same household and SME deposit/loan pool as Nouvobanq.

Regional players

• Habib Bank Limited: Pakistani bank with overseas presence in select African and Indian Ocean markets. Comparable as a foreign-bank competitor in Seychelles targeting similar remittance and corporate trade finance flows.
• State Bank of India (SBI Seychelles): India's largest bank maintains a Seychelles presence serving corporate, retail, and NRI customers. Comparable as a foreign entrant with retail/corporate deposit and remittance offerings in the same market.
• Mauritius Commercial Bank (MCB): Largest bank in Mauritius with a Seychelles subsidiary (MCB Seychelles). Operates a comparable retail/corporate banking model in a small Indian Ocean island economy with multi-currency capabilities, making it a relevant geographic and business-model peer.
• ABC Banking Corporation (Mauritius): Mauritian commercial bank serving international and offshore clientele with corporate and private banking. Comparable as a small-island Indian Ocean bank with multi-currency offerings targeting similar cross-border and tourism-linked flows.
• Bank of Baroda (Seychelles branch): Indian public-sector bank operating a branch in Seychelles serving the Indian diaspora and local corporate clients. Comparable as a foreign bank competing for Seychelles retail and remittance business.

Broad incumbents

• HSBC: Global universal bank operating across trade corridors that intersect with Seychelles. Comparable as a broad incumbent offering corporate, FX, and wealth services relevant to Seychelles-based corporates and high-net-worth individuals.
• Standard Chartered Bank (Seychelles): Global universal bank with a Seychelles branch offering corporate, treasury, and affluent retail services. Comparable as a larger incumbent operating in the same jurisdiction with overlapping corporate banking capabilities.
• Nedbank: Major South African bank with correspondent and trade-finance relationships across Africa. Comparable as a broad incumbent that can serve Seychelles-domiciled corporate and trade finance customers through regional connectivity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@nouvobanqsimbc?si=cIFKCkUvmy3i96k8
• Facebookfacebook.com/NouvobanqSIMBC
• LinkedInlinkedin.com/company/seychelles-international-mercantile-banking-corporation-limited
• Instagraminstagram.com/nouvobanq?igsh=YWNmbm9tMjUzazI2

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Nouvobanq