About Itaú
Itaú is a company based in Sao Paulo (Brazil) founded in 1988 was acquired by Banco Macro in August 2023. It operates as a Commission-Based, and Subscription Services. The company has 96,700 employees as of December 31, 2024. Itaú has completed 3 acquisitions, including Ideal, Zup and Zup Innovation. Itaú offers products and services including Current Account, Credit Cards, Loans and Financing, and Investments. Itaú operates in a competitive market with competitors including Bank of America, Scotiabank, UniCredit, Banco PAN and Banco do Brasil, among others.
- Headquarter Sao Paulo, Brazil
- Employees 96700 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Itaú Unibanco Holding S.A.
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Annual Revenue
$54.85 B (USD)-1.6as on Dec 31, 2024
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Net Profit
$6.64 B (USD)24.14as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
Banco Macro
& 1 more
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Employee Count
96700
as on Dec 31, 2024
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Investments & Acquisitions
Ideal
& 2 more
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Acquired by
Banco Macro
(Aug 31, 2023)
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IPO & Listings of Itaú
Itaú is a publicly listed company on the BMFBOVESPA with ticker symbol ITUB3 in Brazil, 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 Itaú
Itaú offers a comprehensive portfolio of products and services, including Current Account, Credit Cards, Loans and Financing, and Investments. 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.
Basic banking services are provided for daily transactions.
Various credit cards are offered for personal use.
Personal and business loans are facilitated for clients.
Investment options are provided for wealth growth strategies.
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Funding Insights of Itaú
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Post-IPO - Itaú | 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 Itaú
Itaú has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Banco Macro and XP Inc.. 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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Investment consulting services are provided to clients by XP.
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Founded Year | Domain | Location | |
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Mutual funds and bonds investment platform
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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 Itaú
Itaú has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ideal, Zup and Zup Innovation. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Stock brokerage services are provided in Brazil's financial market.
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2019 | ||||
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Cloud Software solutions
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2011 | ||||
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Cloud computing, security, and related IT services are provided.
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2011 |
| 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 - Itaú
| 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 |
Itaú Comparisons
Competitors of Itaú
Itaú 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 Bank of America, Scotiabank, UniCredit, Banco PAN and Banco do Brasil, 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 and asset management services are offered worldwide.
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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 bank
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| domain | founded_year | HQ Location |
Commercial banking services are offered by Banco PAN in Brazil.
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| domain | founded_year | HQ Location |
Commercial banking and financial services are provided in Brazil.
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| domain | founded_year | HQ Location |
Commercial banking services are offered throughout Brazil.
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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 Itaú
Frequently Asked Questions about Itaú
When was Itaú founded?
Itaú was founded in 1988 and raised its 1st funding round 34 years after it was founded.
Where is Itaú located?
Itaú is headquartered in Sao Paulo, Brazil.
How many employees does Itaú have?
As of Dec 31, 2024, the latest employee count at Itaú is 96,700.
What is the annual revenue of Itaú?
Annual revenue of Itaú is $54.85B as on Dec 31, 2024.
What does Itaú do?
Itaú Unibanco Holding S.A. is recognized as one of Brazils largest financial institutions. Retail banking, corporate services, and investment solutions are offered to a diverse clientele. Personal and business accounts, credit cards, loans, and insurance products are provided across multiple sectors. Operations are extended internationally in countries like Argentina, Chile, Colombia, Paraguay, and Uruguay. Digital banking services are emphasized through mobile applications for enhanced customer access. Financial education and debt renegotiation programs are also supported to assist clients in managing finances effectively.
Who are the top competitors of Itaú?
Itaú's top competitors include Scotiabank, Bank of America and Banco do Brasil.
What products or services does Itaú offer?
Itaú offers Current Account, Credit Cards, Loans and Financing, and Investments.
Is Itaú publicly traded?
Yes, Itaú is publicly traded on BMFBOVESPA under the ticker symbol ITUB3.
How many acquisitions has Itaú made?
Itaú has made 3 acquisitions, including Ideal, Zup, and Zup Innovation.
Who are Itaú's investors?
Itaú has 2 investors. Key investors include Banco Macro, and XP Inc..
What is Itaú's ticker symbol?
The ticker symbol of Itaú is ITUB3 on BMFBOVESPA.
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