About Hellenic Bank
Hellenic Bank is a company based in Nicosia (Cyprus) founded in 1976 was acquired by Eurobank in April 2024.. Hellenic Bank has raised $72.53 million across 2 funding rounds from investors including Eurobank. Hellenic Bank operates in a competitive market with competitors including Scotiabank, Bank of Cyprus, AstroBank, Kreissparkasse Biberach and USB Bank, among others.
- Headquarter Nicosia, Cyprus
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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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Funding Insights of Hellenic Bank
Hellenic Bank has successfully raised a total of $72.53M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $72.53 million completed in December 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 2
- Last Round Series A — $72.5M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2022 | Amount | Series A - Hellenic Bank | Valuation | Eurobank |
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| Jul, 2021 | Amount | Unspecified - Hellenic Bank | Valuation | Eurobank |
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| 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 |
Investors in Hellenic Bank
Hellenic Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Eurobank. 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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Retail, corporate, and private banking services are provided in Greece.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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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Investments & Acquisitions by Hellenic 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 - Hellenic Bank
| 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 |
Hellenic Bank Comparisons
Competitors of Hellenic Bank
Hellenic 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, Bank of Cyprus, AstroBank, Kreissparkasse Biberach and USB 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Banking and financial services are provided by Bank of Cyprus.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Cyprus.
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| domain | founded_year | HQ Location |
Provides retail and business banking services with online platforms and financial products.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Cyprus since 1925.
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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 Hellenic Bank
Frequently Asked Questions about Hellenic Bank
When was Hellenic Bank founded?
Hellenic Bank was founded in 1976 and raised its 1st funding round 45 years after it was founded.
Where is Hellenic Bank located?
Hellenic Bank is headquartered in Nicosia, Cyprus.
Who is the current CEO of Hellenic Bank?
Ioannis Matsis is the current CEO of Hellenic Bank.
Is Hellenic Bank a funded company?
Hellenic Bank is a funded company, having raised a total of $72.53M across 2 funding rounds to date.
What does Hellenic Bank do?
Hellenic Bank was established in 1976 and is based in Nicosia, Cyprus, where it functions as a commercial bank. Retail and corporate banking operations are conducted, including deposit accounts, lending facilities, and payment services. The institution serves the local financial market, with oversight from Chief Executive Officer Ioannis Matsis. Geographic focus remains on Cyprus, supporting economic activities through standard banking products.
Who are the top competitors of Hellenic Bank?
Hellenic Bank's top competitors include Scotiabank, Bank of Cyprus and AstroBank.
Who are Hellenic Bank's investors?
Hellenic Bank has 1 investor. Key investors include Eurobank.
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