About Banco Económico
Banco Económico is a company based in Luanda (Angola) founded in 2015 was acquired by BTG Pactual in October 2022.. Banco Económico offers products and services including EconomicoNet App, Credit Cards, Savings Accounts, and Loans.
- Headquarter Luanda, Angola
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Sectors
Financial Services
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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
- Investors
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Employee Count
Employee Count
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Acquired by
BTG Pactual
(Oct 07, 2022)
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Products & Services of Banco Económico
Banco Económico offers a comprehensive portfolio of products and services, including EconomicoNet App, Credit Cards, Savings Accounts, and Loans. 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.
Mobile app for banking transactions and account management
Cards for purchases and cash withdrawals
Accounts for deposits and interest earnings
Financial loans for personal and business needs
Funding Insights of Banco Económico
| 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 Banco Económico
Banco Económico has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BTG Pactual. 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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Asset management, investment banking, and wealth management services are provided.
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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 Banco Económico
| 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 Económico
| 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 |
Banco Económico Comparisons
Competitors of Banco Económico
| 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 Banco Económico
Frequently Asked Questions about Banco Económico
When was Banco Económico founded?
Banco Económico was founded in 2015.
Where is Banco Económico located?
Banco Económico is headquartered in Luanda, Angola.
What does Banco Económico do?
Banco Económico was established in 2015 and is headquartered in Luanda, Angola. Operations are focused on the financial sector, where life insurance policies, mortgage financing, and deposit accounts are offered to clients. Services are managed through the domain bancoeconomico.ao, supporting banking needs in the region. Core activities emphasize secure financial products tailored to local markets in Angola.
What products or services does Banco Económico offer?
Banco Económico offers EconomicoNet App, Credit Cards, Savings Accounts, and Loans.
Who are Banco Económico's investors?
Banco Económico has 1 investor. Key investors include BTG Pactual.
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