About Banco Ademi
Banco Ademi is a Financial Services company based in Santo Domingo (Dominican Republic) founded in 1983. Commercial banking services are offered in the Dominican Republic. Banco Ademi has raised $25 million across 3 funding rounds from investors including Norfund, FMO and European Union. Its website bancoademi.com.do draws about 16 thousand monthly visits. Banco Ademi offers products and services including Savings Account, Loan Services, Credit Cards, and Insurance Products. Its focus areas include Banks and Commercial Banks. Its legal entity is Banco Múltiple Ademi. Its competitors include Banco Caribe, Banco BDI and Dominican Bank of Progress; 1 of its 3 listed competitors has raised funding.
Company details
Banco Ademi was founded in 1983 and operates as a commercial bank headquartered in Santo Domingo, Dominican Republic. Core activities encompass deposit accounts, loans, and financial transactions for businesses and individuals. Services are extended across the country through branches and digital platforms. The institution functions within the financial sector, adhering to local regulations while supporting economic activities in the region.
- Total Equity Funding$25M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Private Equity Round
Nov 2023
- InvestorsNorfund
& 2 more
Products & Services of Banco Ademi
Banco Ademi offers a comprehensive portfolio of products and services, including Savings Account, Loan Services, Credit Cards, and Insurance Products.
Account for saving money in pesos or dollars.
Loans for personal consumption, vehicles, and housing needs.
Cards like Visa for transactions and purchases.
Insurance for life, vehicles, and property coverage.
Apps and channels of Banco Ademi
Banco Ademi publishes 2 mobile apps with over 50K+ downloads; its YouTube channel Banco Ademi has 1.99K subscribers and 30 videos.
Videos from Banco Ademi
The most watched videos on Banco Ademi's YouTube channel, Banco Ademi (1.99K subscribers). Click a video to play it here.
More on Banco Ademi.
Funding Insights of Banco Ademi
Banco Ademi has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $10 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25M
- Total Rounds 3
- Last Round Private Equity Round — $10M
- First Round $9.59M
(Apr 2014)
- Investors Count 3
All 3 funding rounds of Banco Ademi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
3 investors in total: 3 institutional.
Investors in Banco Ademi
Banco Ademi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Norfund, FMO and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
It invests in developing countries to create jobs and improve lives | 1998 | norfund.no | Oslo, Norway | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Banco Ademi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Timeline of Banco Ademi
3 dated milestones of Banco Ademi across 40 years, from founding to its latest funding, stage changes and deals.
- Founded Banco Ademi is founded.
- Funding First funding round of $9.6M.
- Funding Latest funding round, Private Equity Round, of $10.0M.
Competitors of Banco Ademi
Banco Ademi has 3 listed competitors in our database, 1 of them funded. They include Banco Caribe, Banco BDI and Dominican Bank of Progress.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bancocaribe.com.do | 2004 | Santo Domingo, Dominican Republic | $2.64M | Commercial banking services are offered in the Dominican Republic. | ||
| bdi.com.do | 1974 | Santo Domingo, Dominican Republic | High-interest savings accounts are provided via a digital banking platform. | |||
| progreso.com.do | 1974 | Santo Domingo, Dominican Republic | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of Banco Ademi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Banco Ademi
The website of Banco Ademi (bancoademi.com.do) receives about 15.6K visits a month.
- Monthly visits15.6K
▲ 82.2% vs previous month
Websites whose visitors overlap most with Banco Ademi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cibao.com.do | cibao.com.do | 100% | #326,702 | – | |
| lafise.com | 97% | 228.2K | #161,591 | View details | |
vimenca.com | vimenca.com | 85% | – | ||
| bhd.com.do | 69% | 683.4K | #59,653 | View details |
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Related news about Banco Ademi
Complete news archive for Banco Ademi
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Frequently Asked Questions about Banco Ademi
Banco Ademi was founded in 1983 and raised its 1st funding round 31 years after it was founded.
Banco Ademi is headquartered in Santo Domingo, Dominican Republic. It is registered at Santo Domingo, Distrito Nacional, Dominican Republic.
Banco Ademi is a funded company, having raised a total of $25M across 3 funding rounds to date. The company's 1st funding round was a Grant of $9.59M, raised on Apr 2014.
Banco Ademi was founded in 1983 and operates as a commercial bank headquartered in Santo Domingo, Dominican Republic. Core activities encompass deposit accounts, loans, and financial transactions for businesses and individuals. Services are extended across the country through branches and digital platforms. The institution functions within the financial sector, adhering to local regulations while supporting economic activities in the region.
Banco Ademi's top competitors include Dominican Bank of Progress, Banco Caribe and Banco BDI.
Banco Ademi offers Savings Account, Loan Services, Credit Cards, and Insurance Products.
Banco Ademi has 3 investors. Key investors include Norfund, FMO, and European Union.
Banco Ademi operates through Banco Múltiple Ademi.
Yes. Banco Ademi publishes App Ademi and 1 more app, with over 50,000 downloads.