About CEC Bank
CEC Bank is a company based in Bucharest (Romania) founded in 1864.. CEC Bank offers products and services including Credit de nevoi personale, Credit ipotecar, Internet Banking, and Credit cards. CEC Bank operates in a competitive market with competitors including Banca Transilvania, UniCredit, Scotiabank, BCR and LIBRA INTERNET BANK, among others.
- Headquarter Bucharest, Romania
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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
$53.95 K (USD), Grant
Jan 01, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of CEC Bank
CEC Bank offers a comprehensive portfolio of products and services, including Credit de nevoi personale, Credit ipotecar, Internet Banking, and Credit cards. 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.
Loan for individual financial needs with fixed interest rates
Home financing option with variable or fixed rates
Online platform for account management and transfers
Cards for purchases and cash advances with rewards
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Software Development Team
9 people
Leadership Team
4 people
Sales and Marketing
4 people
Data Analysis and Operations Team
2 people
Finance and Accounting
2 people
Human Resources and Administration
2 people
Administrator Team
1 people
Manager Team
1 people
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Funding Insights of CEC Bank
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $53,952
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First Round
First Round
(01 Jan 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2020 | Amount | Grant - CEC Bank | Valuation |
investors |
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| Jan, 2019 | Amount | Grant - CEC Bank | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - CEC Bank | 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 CEC Bank
CEC Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 CEC Bank
| 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 - CEC Bank
| 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 |
Cec Bank Comparisons
Competitors of CEC Bank
CEC Bank 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 Banca Transilvania, UniCredit, Scotiabank, BCR and LIBRA INTERNET 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 |
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| domain | founded_year | HQ Location |
Retail and corporate banking services are provided in Romania.
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Commercial bank
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Commercial banking services are provided internationally by Scotiabank.
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Retail banking services are provided by BCR in Romania.
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Commercial banking services are offered digitally in Romania.
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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 Cec Bank
Frequently Asked Questions about CEC Bank
When was CEC Bank founded?
CEC Bank was founded in 1864 and raised its 1st funding round 151 years after it was founded.
Where is CEC Bank located?
CEC Bank is headquartered in Bucharest, Romania.
What does CEC Bank do?
CEC Bank was established in 1864 in Bucharest, Romania, as a commercial bank. Operations are conducted primarily within the Romanian financial sector, where retail and corporate banking services are offered, including deposits, loans, payment processing, and investment products. The bank maintains a nationwide presence through branches and digital channels, serving individual and business clients in a regulated market environment. Focus is placed on standard banking activities without international expansion noted.
Who are the top competitors of CEC Bank?
CEC Bank's top competitors include Banca Transilvania, Scotiabank and UniCredit.
What products or services does CEC Bank offer?
CEC Bank offers Credit de nevoi personale, Credit ipotecar, Internet Banking, and Credit cards.
Who are CEC Bank's investors?
CEC Bank has 1 investor. Key investors include European Union.
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