BAM
About BAM
BAM is a company based in Guatemala City (Guatemala) was acquired by Bancolombia in June 2016. It operates as a Subscription Services, Commission-Based, and FinTech. BAM offers products and services including Cuenta Fácil, Tarjeta de Crédito, Seguros, Préstamos, and Tu360 Marketplace. BAM operates in a competitive market with competitors including Scotiabank, Corporacion Bi, Banco Cuscatlan, G & T Continental and InterBanco, among others.
- Headquarter Guatemala City, Guatemala
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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
*********
- Legal Name Banco Agromercantil De Guatemala, S.A.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$225 M (USD), Debt – Conventional
Jul 25, 2019
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Investors
Bancolombia
& 1 more
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Employee Count
Employee Count
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Acquired by
Bancolombia
(Jun 01, 2016)
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Products & Services of BAM
BAM offers a comprehensive portfolio of products and services, including Cuenta Fácil, Tarjeta de Crédito, Seguros, Préstamos, and Tu360 Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital account opened easily from mobile or computer.
Credit card with rewards and app subscription benefits.
Insurance plans tailored for family and home protection.
Loans provided for personal and financial goal achievement.
Exclusive marketplace offering products with unique client discounts.
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Funding Insights of BAM
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $225.0M
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First Round
First Round
(25 Jul 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - BAM | 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 BAM
BAM has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Bancolombia and International Finance Corporation. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Bancolombia is recognized as a leading banking institution in Colombia.
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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 BAM
| 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 - BAM
| 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 |
Bam Comparisons
Competitors of BAM
BAM 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 Scotiabank, Corporacion Bi, Banco Cuscatlan, G & T Continental and InterBanco, 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 banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Banking regulations in Guatemala are overseen by Corporacion Bi.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in El Salvador and Guatemala.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to clients in Guatemala.
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| domain | founded_year | HQ Location |
Offers banking, loans, investments, digital payments, and financial solutions for individuals and businesses.
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Provides retail and business banking services with online platforms and financial products.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Bam
Frequently Asked Questions about BAM
Where is BAM located?
BAM is headquartered in Guatemala City, Guatemala.
What does BAM do?
Banco Agromercantil de Guatemala, S.A., known as BAM, is involved in offering a wide range of financial solutions. Services provided include digital banking accounts, credit cards, personal loans, insurance products, and investment opportunities. A marketplace named Tu360 is also operated for exclusive client offers. The company focuses on sectors such as personal banking, private banking, and agribusiness. Financial wellness and cybersecurity education are emphasized through dedicated platforms. Operations are primarily based in Guatemala, with a commitment to technological access for children through partnerships like Funsepa.
Who are the top competitors of BAM?
BAM's top competitors include Scotiabank, Corporacion Bi and Banco Cuscatlan.
What products or services does BAM offer?
BAM offers Cuenta Fácil, Tarjeta de Crédito, Seguros, Préstamos, and Tu360 Marketplace.
Who are BAM's investors?
BAM has 2 investors. Key investors include Bancolombia, and International Finance Corporation.
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