About Banco de Occidente
Banco de Occidente is a company founded in 1965.. Banco de Occidente offers products and services including Tarjeta de Crédito, Créditos, Seguros, Cuenta de Ahorros, and Portal Transaccional OcciRed. Banco de Occidente operates in a competitive market with competitors including Scotiabank, Bank of America, Bancolombia, Davivienda and Banco de Bogota, among others.
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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
$118.27 M (USD), Debt – Conventional
Sep 18, 2019
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Investors
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Employee Count
Employee Count
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Products & Services of Banco de Occidente
Banco de Occidente offers a comprehensive portfolio of products and services, including Tarjeta de Crédito, Créditos, Seguros, Cuenta de Ahorros, and Portal Transaccional OcciRed. 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.
Provides credit cards for purchases, payments, and rewards.
Offers loans for vehicles, housing, and personal needs.
Delivers insurance for vehicles and assets against risks.
Allows saving with benefits and easy access.
Enables online transactions and account management.
Funding Insights of Banco de Occidente
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $118.3M
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First Round
First Round
(18 Sep 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Debt – Conventional - Banco de Occidente | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Banco de Occidente
| 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 - Banco de Occidente
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Banco De Occidente Comparisons
Competitors of Banco de Occidente
Banco de Occidente 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, Bank of America, Bancolombia, Davivienda and Banco de Bogota, 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 |
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking and asset management services are offered worldwide.
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Bancolombia is recognized as a leading banking institution in Colombia.
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Commercial banking services are provided to individuals and corporations.
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Operates as a commercial bank providing deposits, loans, and payment services to individual customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Banco De Occidente
Frequently Asked Questions about Banco de Occidente
When was Banco de Occidente founded?
Banco de Occidente was founded in 1965 and raised its 1st funding round 54 years after it was founded.
What does Banco de Occidente do?
Banco de Occidente was established in 1965 as a commercial bank operating primarily in Colombia. Core activities encompass deposit taking, lending, and payment processing for businesses and consumers. Services include corporate finance, personal loans, and investment products, with operations supported through a network of branches and digital platforms. The bank functions within the financial sector, focusing on regional economic development without international expansion noted.
Who are the top competitors of Banco de Occidente?
Banco de Occidente's top competitors include Scotiabank, Bank of America and Bancolombia.
What products or services does Banco de Occidente offer?
Banco de Occidente offers Tarjeta de Crédito, Créditos, Seguros, Cuenta de Ahorros, and Portal Transaccional OcciRed.
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