About Cofidis Bank
Cofidis Bank is a company based in Budapest (Hungary) founded in 1996 was acquired by Cofidis Group in October 2024. It operates as a Commission-Based, Subscription Services, and FinTech. Cofidis Bank offers products and services including Cofidis Personal Loan, Cofidis Credit Card, Cofidis Retail Loan, Debt Consolidation Loan, and Savings Account. Cofidis Bank operates in a competitive market with competitors including Scotiabank, UniCredit, OTP Bank, K&H Group and Erste Bank Hungary, among others.
- Headquarter Budapest, Hungary
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
- Legal Name Magyar Cofidis Bank Zrt.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Cofidis Group
(Oct 01, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Cofidis Bank
Cofidis Bank offers a comprehensive portfolio of products and services, including Cofidis Personal Loan, Cofidis Credit Card, Cofidis Retail Loan, Debt Consolidation Loan, and Savings Account. 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.
Personal loan offered with flexible repayment options.
Credit card provided for purchases and loans.
Retail loan offered for immediate product purchases.
Loan provided to consolidate existing debts efficiently.
Savings account offered with competitive interest rates.
Funding Insights of Cofidis Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cofidis Bank
Cofidis Bank has secured backing from 1 investor. Prominent investors backing the company include Cofidis Group. 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 |
|---|---|---|---|---|
|
Diversified operations are conducted across multiple industries by the group.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cofidis Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Cofidis Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cofidis Bank Comparisons
Competitors of Cofidis Bank
Cofidis 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 Scotiabank, UniCredit, OTP Bank, K&H Group and Erste Bank Hungary, 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 |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
OTP Bank is engaged in providing banking and financial services.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided in Hungary by K&H Group.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Operates as a commercial bank providing deposits, loans, and payment services to customers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cofidis Bank
Frequently Asked Questions about Cofidis Bank
When was Cofidis Bank founded?
Cofidis Bank was founded in 1996.
Where is Cofidis Bank located?
Cofidis Bank is headquartered in Budapest, Hungary.
What does Cofidis Bank do?
Magyar Cofidis Bank Zrt. is engaged in offering a range of financial services in Hungary. Personal loans, credit cards, retail loans, debt consolidation loans, and savings accounts are provided to meet various customer needs. The bank operates in the consumer banking sector, focusing on accessible and flexible financial solutions. Services are tailored for individuals seeking immediate financial support or long-term savings options. Online banking facilities are also made available through the Cofidis NetBank platform for convenient access to financial management.
Who are the top competitors of Cofidis Bank?
Cofidis Bank's top competitors include Scotiabank, OTP Bank and UniCredit.
What products or services does Cofidis Bank offer?
Cofidis Bank offers Cofidis Personal Loan, Cofidis Credit Card, Cofidis Retail Loan, Debt Consolidation Loan, and Savings Account.
Who are Cofidis Bank's investors?
Cofidis Bank has 1 investor. Key investors include Cofidis Group.