About ARMECONOMBANK
ARMECONOMBANK is a company based in Yerevan (Armenia) founded in 1991.. ARMECONOMBANK operates in a competitive market with competitors including Ameriabank, Scotiabank, Ardshinbank, InecoBank and Kreissparkasse Biberach, among others.
- Headquarter Yerevan, Armenia
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$10 M (USD), Debt – Convertible
May 15, 2019
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Investors
FMO
& 1 more
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Employee Count
Employee Count
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Funding Insights of ARMECONOMBANK
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Convertible — $10.0M
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First Round
First Round
(15 Mar 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Debt – Convertible - ARMECONOMBANK | Valuation | FMO |
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| Mar, 2019 | Amount | Debt – Conventional - ARMECONOMBANK | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ARMECONOMBANK
ARMECONOMBANK has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FMO and Invest in Visions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided to clients internationally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ARMECONOMBANK
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ARMECONOMBANK
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Armeconombank Comparisons
Competitors of ARMECONOMBANK
ARMECONOMBANK operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ameriabank, Scotiabank, Ardshinbank, InecoBank and Kreissparkasse Biberach, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Armenia by Ardshinbank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Armenia.
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| domain | founded_year | HQ Location |
Provides retail and business banking services with online platforms and financial products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Armeconombank
Frequently Asked Questions about ARMECONOMBANK
When was ARMECONOMBANK founded?
ARMECONOMBANK was founded in 1991 and raised its 1st funding round 28 years after it was founded.
Where is ARMECONOMBANK located?
ARMECONOMBANK is headquartered in Yerevan, Armenia.
What does ARMECONOMBANK do?
ARMECONOMBANK was founded in 1991 in Yerevan, Armenia, as a commercial bank within the financial sector. A variety of services, including deposit accounts, loan facilities, and payment processing, are extended to retail and corporate customers. Operations are primarily conducted across Armenia, with digital access facilitated through the domain aeb.am. The bank supports local economic transactions and adheres to standard regulatory frameworks in the region.
Who are the top competitors of ARMECONOMBANK?
ARMECONOMBANK's top competitors include Ameriabank, Scotiabank and Ardshinbank.
Who are ARMECONOMBANK's investors?
ARMECONOMBANK has 2 investors. Key investors include FMO, and Invest in Visions.