About Bancolombia
Bancolombia is a company based in Medellin (Colombia) founded in 1945. It operates as a Commission-Based, Brokerage / Intermediation, and FinTech. Bancolombia has completed 2 acquisitions, including BAM and Proinco. Bancolombia offers products and services including Créditos, Tarjetas de Crédito, Seguros, and Inversiones. Bancolombia operates in a competitive market with competitors including Scotiabank, Bank of America, Davivienda, Banco de Bogota and Banco de Occidente, among others.
- Headquarter Medellin, Colombia
- Stage Public
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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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- Legal Name Bancolombia S.A.
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Annual Revenue
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Net Profit
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Latest Funding Round
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Investors
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Employee Count
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Investments & Acquisitions
BAM
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Products & Services of Bancolombia
Bancolombia offers a comprehensive portfolio of products and services, including Créditos, Tarjetas de Crédito, Seguros, and Inversiones. 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.
Loans are provided for personal and business needs.
Credit cards are offered for purchases and payments.
Insurance products are provided for family security needs.
Investment options are available for wealth growth strategies.
Funding Insights of Bancolombia
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investments & Acquisitions by Bancolombia
Bancolombia has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BAM and Proinco. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
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Commercial banking services are provided to clients in Guatemala.
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Plumbing, HVAC, and pool supplies and equipment are distributed.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bancolombia
| 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 |
Bancolombia Comparisons
Competitors of Bancolombia
Bancolombia 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, Davivienda, Banco de Bogota and Banco de Occidente, 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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| domain | founded_year | HQ Location |
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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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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Commercial banking services are provided to corporate and individual clients.
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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 Bancolombia
Frequently Asked Questions about Bancolombia
When was Bancolombia founded?
Bancolombia was founded in 1945.
Where is Bancolombia located?
Bancolombia is headquartered in Medellin, Colombia. It is registered at Medellin, Antioquia, Colombia.
Who is the current CEO of Bancolombia?
Temeka Mason is the current CEO of Bancolombia.
What does Bancolombia do?
Bancolombia is established as a major financial institution in Colombia, offering a wide range of banking and investment services. Services are provided to individuals, businesses, and corporate clients through various channels including digital platforms and physical branches. Solutions are tailored for sectors such as agroindustry, commerce, and government, covering financing, liquidity management, and risk coverage. Operations are extended internationally with entities in Panama, Puerto Rico, and Guatemala, ensuring comprehensive financial support across regions.
Who are the top competitors of Bancolombia?
Bancolombia's top competitors include Scotiabank, Bank of America and Davivienda.
What products or services does Bancolombia offer?
Bancolombia offers Créditos, Tarjetas de Crédito, Seguros, and Inversiones.
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