About Banco Ademi
Banco Ademi is a company based in Santo Domingo (Dominican Republic) founded in 1983. Banco Ademi has raised $25 million across 3 funding rounds from investors including Norfund, FMO and European Union. Banco Ademi offers products and services including Savings Account, Loan Services, Credit Cards, and Insurance Products. Banco Ademi operates in a competitive market with competitors including Scotiabank, Banco Caribe, Banco BDI, Kreissparkasse Biberach and Dominican Bank of Progress, among others.
- Headquarter Santo Domingo, Dominican Republic
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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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- Legal Name Banco Múltiple Ademi
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$25 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Private Equity Round
Nov 28, 2023
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Investors
Norfund
& 2 more
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Employee Count
Not available
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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.
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.
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.
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It invests in developing countries to create jobs and improve lives
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Banco Ademi
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Banco Ademi
Investment portfolio details for Banco Ademi
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Financial Statements - Banco Ademi
Detailed financials for Banco Ademi
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Banco Ademi Comparisons
Peer comparison for Banco Ademi
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Banco Ademi
Banco Ademi 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, Banco Caribe, Banco BDI, Kreissparkasse Biberach and Dominican Bank of Progress, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are offered in the Dominican Republic.
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High-interest savings accounts are provided via a digital banking platform.
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Provides retail and business banking services with online platforms and financial products.
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Commercial banking services are provided to businesses and individuals.
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Detailed competitors of Banco Ademi
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Latest news on 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.
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 Scotiabank, Dominican Bank of Progress and BELLBANK.
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.