About EDANBANK
EDANBANK is a company based in Sao Paulo (Brazil) founded in 2020 by Eduardo Silva.. EDANBANK has raised $1.93 million across 1 funding round. EDANBANK has completed 1 acquisition, including Cobratudo. EDANBANK offers products and services including EDAN Cash Management, Investimentos, Conta Digital, and Conta Empresarial. EDANBANK operates in a competitive market with competitors including Brex, Banco Topazio, Banco Mercantil, Villela Brasil Bank and ZemoBank, among others.
- Headquarter Sao Paulo, Brazil
- Founders Eduardo Silva
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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
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- Legal Name Edan Instituição De Pagamentos S.A.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.93 M (USD)
in 1 rounds
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Latest Funding Round
$1.93 M (USD), Seed
Aug 22, 2022
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of EDANBANK
EDANBANK offers a comprehensive portfolio of products and services, including EDAN Cash Management, Investimentos, Conta Digital, and Conta Empresarial. 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.
Tool for efficient cash flow and business financial oversight
Platform for digital investment options and asset tracking
Account for seamless online transactions and payments
Service for corporate financial operations and management
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Funding Insights of EDANBANK
EDANBANK has successfully raised a total of $1.93M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.93 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.9M
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First Round
First Round
(22 Aug 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - EDANBANK | Valuation |
investors |
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| 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 EDANBANK
EDANBANK has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cobratudo. 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.
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|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of payment processing services
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2018 |
| 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 - EDANBANK
| 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 |
Edanbank Comparisons
Competitors of EDANBANK
EDANBANK 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 Brex, Banco Topazio, Banco Mercantil, Villela Brasil Bank and ZemoBank, 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.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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Offers online banking, credit solutions, and investments for businesses and individuals.
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Internet banking services, including account management, transfers, payments, and access to exclusive offers
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Operates as a microfinance bank providing financial solutions.
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| domain | founded_year | HQ Location |
Digital banking services are provided to businesses via partnerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Edanbank
Frequently Asked Questions about EDANBANK
When was EDANBANK founded?
EDANBANK was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is EDANBANK located?
EDANBANK is headquartered in Sao Paulo, Brazil.
Who is the current CEO of EDANBANK?
Eduardo Silva is the current CEO of EDANBANK. They have also founded this company.
Is EDANBANK a funded company?
EDANBANK is a funded company, having raised a total of $1.93M across 1 funding round to date. The company's 1st funding round was a Seed of $1.93M, raised on Aug 22, 2022.
What does EDANBANK do?
EDANBANK was founded in 2020 in Sao Paulo, Brazil, as an internet-first bank operating through partnered institutions. Digital banking services are provided to consumers and businesses, including online account openings, savings accounts, payment processing, deposits, fund transfers, investment options, loan products, and cash management tools. The focus remains on accessible financial operations within the Brazilian market.
Who are the top competitors of EDANBANK?
EDANBANK's top competitors include Brex, Banco Mercantil and Linker.
What products or services does EDANBANK offer?
EDANBANK offers EDAN Cash Management, Investimentos, Conta Digital, and Conta Empresarial.
How many acquisitions has EDANBANK made?
EDANBANK has made 1 acquisition, including Cobratudo.