About Los Andes
Los Andes is a company based in Puno (Peru) founded in 1997 was acquired by Creation Investments in July 2016.. Los Andes has raised $10 million across 1 funding round from investors including Accion and Creation Investments. Los Andes offers products and services including Agropecuario Credit, PYME Credit, Savings Accounts, Insurance Products, and Money Transfer Service. Los Andes operates in a competitive market with competitors including Scotiabank, Bank of America, Interbank, Via BCP and Banco Ripley Peru, among others.
- Headquarter Puno, Peru
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Caja Rural De Ahorro Y Crédito Los Andes 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
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Aug 02, 2024
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Investors
Accion
& 1 more
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Employee Count
Employee Count
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Acquired by
Creation Investments
(Jul 22, 2016)
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Products & Services of Los Andes
Los Andes offers a comprehensive portfolio of products and services, including Agropecuario Credit, PYME Credit, Savings Accounts, Insurance Products, and Money Transfer Service. 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.
Loan for agricultural and seasonal needs
Loan for small business operations
Accounts for secure fund deposits
Coverage for life, property, and risks
Service for sending and receiving funds
Funding Insights of Los Andes
Los Andes has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in August 2024. 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 Series A — $10.0M
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First Round
First Round
(02 Aug 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Los Andes | Valuation | Accion |
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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 |
Investors in Los Andes
Los Andes has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Accion and Creation 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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Impact investing in emerging markets through private equity and credit services.
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Founded Year | Domain | Location | |
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Foundation focused on early-stage investments in fintech sector
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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 Los Andes
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Los Andes
| 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 |
Los Andes Comparisons
Competitors of Los Andes
Los Andes 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 America, Interbank, Via BCP and Banco Ripley Peru, 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 |
Commercial banking and asset management services are offered worldwide.
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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 in Peru.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Peru.
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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 Los Andes
Frequently Asked Questions about Los Andes
When was Los Andes founded?
Los Andes was founded in 1997 and raised its 1st funding round 27 years after it was founded.
Where is Los Andes located?
Los Andes is headquartered in Puno, Peru. It is registered at Puno, Puno, Peru.
Is Los Andes a funded company?
Los Andes is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Aug 02, 2024.
What does Los Andes do?
Los Andes, backed by 10000000.0 from Accion, focuses on offering financial products and advice, banks, and commercial banks. Commercial bank. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Los Andes?
Los Andes's top competitors include Scotiabank, Bank of America and Interbank.
What products or services does Los Andes offer?
Los Andes offers Agropecuario Credit, PYME Credit, Savings Accounts, Insurance Products, and Money Transfer Service.
Who are Los Andes's investors?
Los Andes has 2 investors. Key investors include Accion, and Creation Investments.
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