The bank started in 1999 as a microfinance cooperative under the name Banco Tchuma. After obtaining a commercial banking license in 2010, the bank gradually expanded its branch network to reach 9 branches in 2014, located in Maputo, the southern and central regions of Mozambique. AfricInvest and Geocapital invested in the bank in 2014 with a view to reposition it as a leading SME bank, renaming it Banco Mais – Banco Moçambicano de Apoio aos InvestmentoS.