About Medicinos bankas
Medicinos bankas is a company based in Vilnius (Lithuania) founded in 1992 was acquired by AAA Capital in December 2021.. Medicinos bankas offers products and services including Būsto Paskola, Vartojimo Paskola, Terminuotieji Indėliai, and E. Bankininkystė. Medicinos bankas operates in a competitive market with competitors including Scotiabank, UniCredit, Bank of Siauliai, SEB Bank and Kreissparkasse Biberach, among others.
- Headquarter Vilnius, Lithuania
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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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- Legal Name Urbo Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
AAA Capital
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Medicinos bankas
Medicinos bankas offers a comprehensive portfolio of products and services, including Būsto Paskola, Vartojimo Paskola, Terminuotieji Indėliai, and E. Bankininkystė. 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.
Housing loan for purchasing or refinancing property.
Consumer loan for personal expenses up to 20,000 EUR.
Fixed-term deposits with interest for secure savings.
Online banking platform for payments and account management.
Funding Insights of Medicinos bankas
| 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 Medicinos bankas
Medicinos bankas has secured backing from 2 investors. Prominent investors backing the company include AAA Capital and GROWMORE Group. 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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Manages diversified investment portfolios across multiple asset classes.
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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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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Medicinos bankas
| 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 - Medicinos bankas
| 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 |
Medicinos Bankas Comparisons
Competitors of Medicinos bankas
Medicinos bankas 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, UniCredit, Bank of Siauliai, SEB Bank and Kreissparkasse Biberach, 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 banking services are provided internationally by Scotiabank.
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Commercial bank
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Commercial banking services are offered in Lithuania.
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Offers banking accounts, transfers, investments, credits, and insurance to private and business clients.
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Provides retail and business banking services with online platforms and financial products.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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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 Medicinos Bankas
Frequently Asked Questions about Medicinos bankas
When was Medicinos bankas founded?
Medicinos bankas was founded in 1992.
Where is Medicinos bankas located?
Medicinos bankas is headquartered in Vilnius, Lithuania.
What does Medicinos bankas do?
Medicinos bankas was established in 1992 and is headquartered in Vilnius, Lithuania. Operations are centered on commercial banking within the financial sector, where standard services such as deposits, loans, and payment processing are handled for corporate and individual clients. The banks activities are primarily conducted within the Lithuanian market, supporting local economic transactions through its online domain medbank.lt. Regulatory compliance is maintained under national banking standards.
Who are the top competitors of Medicinos bankas?
Medicinos bankas's top competitors include Scotiabank, UniCredit and Bank of Siauliai.
What products or services does Medicinos bankas offer?
Medicinos bankas offers Būsto Paskola, Vartojimo Paskola, Terminuotieji Indėliai, and E. Bankininkystė.
Who are Medicinos bankas's investors?
Medicinos bankas has 2 investors. Key investors include AAA Capital, and GROWMORE Group.