About InecoBank
InecoBank is a company based in Yerevan (Armenia) founded in 1996.. InecoBank operates in a competitive market with competitors including Ameriabank, Scotiabank, Ardshinbank, ARMECONOMBANK and Unibank, among others.
- Headquarter Yerevan, Armenia
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$6 M (USD), Debt – Conventional
Sep 01, 2020
- Investors
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Employee Count
Employee Count
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Funding Insights of InecoBank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $6.0M
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First Round
First Round
(01 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Debt – Conventional - InecoBank | 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 InecoBank
InecoBank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Microfinance Enhancement Facility. 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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Debt funding is provided to microfinance institutions in developing countries.
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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 InecoBank
| 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 - InecoBank
| 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 |
Inecobank Comparisons
Competitors of InecoBank
InecoBank 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 Ameriabank, Scotiabank, Ardshinbank, ARMECONOMBANK and Unibank, 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 |
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 services are offered in Armenia by Ardshinbank.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Armenia since 1991.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Armenia.
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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 Inecobank
Frequently Asked Questions about InecoBank
When was InecoBank founded?
InecoBank was founded in 1996 and raised its 1st funding round 24 years after it was founded.
Where is InecoBank located?
InecoBank is headquartered in Yerevan, Armenia.
Who is the current CEO of InecoBank?
Tigran Davtyan is the current CEO of InecoBank.
What does InecoBank do?
InecoBank was established in 1996 and is based in Yerevan, Armenia, where it operates as a commercial bank in the financial sector. Core activities encompass deposit accounts, lending, and transaction services for individuals and businesses across the country. Leadership is provided by CEO Tigran Davtyan, with online access available via inecobank.am.
Who are the top competitors of InecoBank?
InecoBank's top competitors include Ameriabank, Scotiabank and Ardshinbank.
Who are InecoBank's investors?
InecoBank has 1 investor. Key investors include Microfinance Enhancement Facility.