When was Waafi Bank founded?

Waafi Bank was founded in 2020.

Where is Waafi Bank located?

Waafi Bank is headquartered in Labuan, Malaysia.

How many employees does Waafi Bank have?

As of Jul 31, 2026, the latest employee count at Waafi Bank is 11.

Where does Waafi Bank rank among its competitors?

Waafi Bank ranks 734th amongst 2046 active competitors, of which 203 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Mercury, which secured $200M in May, 2026.

Who are the top competitors of Waafi Bank?

Waafi Bank's top competitors include Nubank, Revolut and Monzo. Among them, Mercury secured the most recent funding round in May, 2026.

Waafi Bank - 2026 Company Profile & Competitors

Waafi Bank is an unfunded company based in Labuan (Malaysia), founded in 2020. It operates as a Provider of a virtual Islamic banking solution for individuals and businesses. Waafi Bank has not raised any funding yet. The company has 2046 active competitors, including 203 funded and 113 that have exited. Its top competitors include companies like Nubank, Revolut and Monzo.

Company Details

Provider of a virtual Islamic banking solution for individuals and businesses. It provides user with a company that offers banking solutions to individuals and businesses, focusing on flexibility and accessibility.

Key Metrics

Founded Year

2020

Location

Labuan, Malaysia

Stage

Unfunded

Ranked

734^th among 2046 active competitors

Employee Count

11 as on Jul 31, 2026

Similar Companies

Nubank & 730 more

View Waafi Bank's full profile

Waafi Bank has not raised any funding rounds yet.

Waafi Bank's employee count trend

Waafi Bank has 11 employees as of Jul 26. Here is Waafi Bank's employee count trend over the years:

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Top competitors of Waafi Bank include Nubank, Revolut and Monzo. Here is the list of Top 10 competitors of Waafi Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	89/100
2nd	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TSG Consumer Partners ... & 149 others	86/100
3rd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including savings accounts and loans	$2.41B	Passion Capital, General Catalyst & 65 others	84/100
4th	Mercury 2017, San Francisco (United States), Series D	Provider of a comprehensive online platform offering a range of financial services	$546M	TCV, CRV & 78 others	83/100
5th	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Dragoneer Investment Group & 57 others	83/100
6th	Qonto 2017, Paris (France), Series D	Provider of business account, payment cards, and financial management solutions	$717M	Alven, Valar Ventures & 26 others	82/100
7th	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including savings and payment accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	82/100
8th	Ally 1919, Detroit (United States), Public	Provider of banking, auto finance, investing, and life insurance products	$1.3B	Omega Advisors, Cerberus Capital Management ... & 5 others	81/100
9th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	81/100
10th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 68 others	81/100
734th	Waafi Bank 2020, Labuan (Malaysia), Unfunded	Provider of a virtual Islamic banking solution for individuals and businesses	-	-	22/100