About FinecoBank
FinecoBank is a company based in Milan (Italy) founded in 1999.. The company has 1,450 employees as of December 31, 2024. FinecoBank offers products and services including Conto Fineco, Carte di pagamento, and Trading Platforms. FinecoBank operates in a competitive market with competitors including Intesa Sanpaolo, UniCredit, Scotiabank, Bank of America and Banco BPM, among others.
- Headquarter Milan, Italy
- Employees 1450 as on 31 Dec, 2024
- Stage Public
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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 Finecobank Spa
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Annual Revenue
$2.03 B (USD)8.94as on Dec 31, 2024
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Net Profit
$677.65 M (USD)7.09as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
AllianceBernstein
& 2 more
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Employee Count
1450
as on Dec 31, 2024
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IPO & Listings of FinecoBank
FinecoBank is a publicly listed company on the MIL with ticker symbol FBK in Italy, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of FinecoBank
FinecoBank offers a comprehensive portfolio of products and services, including Conto Fineco, Carte di pagamento, and Trading Platforms. 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.
Digital account for everyday banking and transactions.
Cards for secure online and in-person payments.
Platforms for trading stocks, ETFs, and cryptocurrencies.
Funding Insights of FinecoBank
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - FinecoBank | Valuation |
investors |
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| Jul, 2020 | Amount | Post-IPO - FinecoBank | Valuation |
investors |
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| Jun, 2020 | Amount | Post-IPO - FinecoBank | 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 FinecoBank
FinecoBank has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include AllianceBernstein, Aberdeen Standard and Algebris Investments. 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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Private debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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A funds-based investment management firm specializing in asset strategies.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided globally.
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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 FinecoBank
| 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 - FinecoBank
| 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 |
Finecobank Comparisons
Competitors of FinecoBank
FinecoBank 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 Intesa Sanpaolo, UniCredit, Scotiabank, Bank of America and Banco BPM, 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 banks
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Italy.
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| domain | founded_year | HQ Location |
Commercial banking services are provided by Rabobank from Utrecht, Netherlands.
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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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Latest news on Finecobank
Frequently Asked Questions about FinecoBank
When was FinecoBank founded?
FinecoBank was founded in 1999 and raised its 1st funding round 21 years after it was founded.
Where is FinecoBank located?
FinecoBank is headquartered in Milan, Italy. It is registered at Milan, Lombardy, Italy.
Who is the current CEO of FinecoBank?
Alessandro Foti is the current CEO of FinecoBank.
How many employees does FinecoBank have?
As of Dec 31, 2024, the latest employee count at FinecoBank is 1,450.
What is the annual revenue of FinecoBank?
Annual revenue of FinecoBank is $2.03B as on Dec 31, 2024.
What does FinecoBank do?
FinecoBank was established in 1999 in Milan, Italy, as a commercial bank under the Unicredit Group. Operations focus on financial products such as accounts, cards, mortgages, and loans. Specialization is placed on online brokerage activities. The bank serves clients primarily in Italy, with annual revenues reported at 1.1 billion and net profit at 0.45 billion in 2022.
Who are the top competitors of FinecoBank?
FinecoBank's top competitors include Intesa Sanpaolo, Scotiabank and Banco BPM.
What products or services does FinecoBank offer?
FinecoBank offers Conto Fineco, Carte di pagamento, and Trading Platforms.
Is FinecoBank publicly traded?
Yes, FinecoBank is publicly traded on MIL under the ticker symbol FBK.
Who are FinecoBank's investors?
FinecoBank has 3 investors. Key investors include AllianceBernstein, Aberdeen Standard, and Algebris Investments.
What is FinecoBank's ticker symbol?
The ticker symbol of FinecoBank is FBK on MIL.