About Banco Mercantil
Banco Mercantil is a company based in Belo Horizonte (Brazil) founded in 1948.. Banco Mercantil operates in a competitive market with competitors including EDANBANK, Fidelis Digital Bank, PERbank, M3Bank and Mentore Bank, among others.
- Headquarter Belo Horizonte, Brazil
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Funding Insights of Banco Mercantil
| 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 |
Investments & Acquisitions by Banco Mercantil
| 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 Mercantil
| 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 Mercantil Comparisons
Competitors of Banco Mercantil
Banco Mercantil 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 EDANBANK, Fidelis Digital Bank, PERbank, M3Bank and Mentore Bank, 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 |
Internet-first bank through partnered bank offering banking services to consumers and businesses
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| domain | founded_year | HQ Location |
Offers digital banking services for convenient financial management.
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| domain | founded_year | HQ Location |
Financial tools for auto parts sector including cashback and extended payments.
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| domain | founded_year | HQ Location |
Digital banking app for Grupo MOVE3 members, enabling easy transactions and financial management.
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| domain | founded_year | HQ Location |
Digital bank providing payroll, credits, and benefits for companies and staff.
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| 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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Frequently Asked Questions about Banco Mercantil
When was Banco Mercantil founded?
Banco Mercantil was founded in 1948.
Where is Banco Mercantil located?
Banco Mercantil is headquartered in Belo Horizonte, Brazil. It is registered at Belo Horizonte, Minas Gerais, Brazil.
What does Banco Mercantil do?
Banco Mercantil was founded in 1948 in Belo Horizonte, Brazil, and operates in the banking sector. Internet banking services are provided, encompassing account management, fund transfers, bill payments, and access to exclusive offers. Operations emphasize customer relationship development within a competitive financial environment, with primary activities centered in Brazil.
Who are the top competitors of Banco Mercantil?
Banco Mercantil's top competitors include EDANBANK, Fidelis Digital Bank and PERbank.