About Banco Popular
Banco Popular is a company based in Tegucigalpa (Honduras) founded in 2004 was acquired by Incofin Investment Management in December 2022.. Banco Popular offers products and services including Savings Accounts, Loans, and Online Banking. Banco Popular operates in a competitive market with competitors including Gojo and ODEF FINANCIERA SA, among others.
- Headquarter Tegucigalpa, Honduras
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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
*********
- Legal Name Banco Popular S.A. Honduras
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$10 M (USD), Debt – Conventional
Sep 27, 2018
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Investors
Incofin Investment Management
& 3 more
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Employee Count
Employee Count
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Acquired by
Incofin Investment Management
(Dec 12, 2022)
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Products & Services of Banco Popular
Banco Popular offers a comprehensive portfolio of products and services, including Savings Accounts, Loans, and Online Banking. 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.
Accounts for depositing and earning interest on savings
Various loans for personal and business financial needs
Platform for managing accounts and transactions remotely
Funding Insights of Banco Popular
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $10.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Debt – Conventional - Banco Popular | Valuation |
investors |
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| Jun, 2015 | Amount | Series A - Banco Popular | Valuation |
investors |
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| Jun, 2010 | Amount | Seed - Banco Popular | Valuation |
investors |
| 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 Popular
Banco Popular has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Incofin Investment Management, FMO and BIO Invest. 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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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Private equity and funds of funds
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Founded Year | Domain | Location | |
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Impact investing in agriculture, water access, and microfinance across emerging markets.
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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 Popular
| 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 Popular
| 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 Popular Comparisons
Competitors of Banco Popular
Banco Popular 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 Gojo and ODEF FINANCIERA SA, 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 |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Provides loans, savings products, and financial services to clients in Honduras.
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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 Popular
When was Banco Popular founded?
Banco Popular was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Banco Popular located?
Banco Popular is headquartered in Tegucigalpa, Honduras. It is registered at Tegucigalpa, Francisco Morazan, Honduras.
Who is the current CEO of Banco Popular?
Ignacio Sanchez-Asiain Sanz is the current CEO of Banco Popular.
What does Banco Popular do?
Banco Popular was established in 2004 as a microfinance institution based in Tegucigalpa, Honduras. Operations focus on delivering financial inclusion through banking products tailored to underserved populations, including small loans and savings accounts. The bank serves rural and urban areas within the country, supporting economic development for individuals and microenterprises. Leadership is provided by CEO Ignacio Sanchez-Asiain Sanz, with activities centered on sustainable microfinance practices in the Honduran financial sector.
Who are the top competitors of Banco Popular?
Banco Popular's top competitors include Gojo and ODEF FINANCIERA SA.
What products or services does Banco Popular offer?
Banco Popular offers Savings Accounts, Loans, and Online Banking.
Who are Banco Popular's investors?
Banco Popular has 4 investors. Key investors include Incofin Investment Management, FMO, BIO Invest, and Triple Jump.
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