About Mentore Bank
Mentore Bank is a company based in Fortaleza (Brazil) founded in 2021. It operates as a B2B, and D2C. Mentore Bank offers products and services including Payroll Management, Receivables Anticipation, Easy Credit, Flexible Benefits, and Rewards Program. Mentore Bank operates in a competitive market with competitors including Nubank, Revolut, Cora, Banco BV and Conta Simples, among others.
- Headquarter Fortaleza, Brazil
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Sectors
Financial ServicesBusiness 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 Mentore Bank Instituição De Pagamento S.A.
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Annual Revenue
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Net Profit
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Latest Funding Round
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Employee Count
Employee Count
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Products & Services of Mentore Bank
Mentore Bank offers a comprehensive portfolio of products and services, including Payroll Management, Receivables Anticipation, Easy Credit, Flexible Benefits, and Rewards Program. 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.
Handles digital payroll with cashback for employee payments
Advances funds from suppliers and clients quickly
Provides fast, low-bureaucracy credits for businesses
Offers platform for health, mobility, and education perks
Manages diverse catalog for employee incentives and prizes
Funding Insights of Mentore Bank
| 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 |
Investments & Acquisitions by Mentore 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 - Mentore Bank
| 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 |
Mentore Bank Comparisons
Competitors of Mentore Bank
Mentore 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 Nubank, Revolut, Cora, Banco BV and Conta Simples, 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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Digital banking services are offered to individuals and businesses.
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Banking solutions are provided for retail customers and businesses.
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Digital banking services are offered to small and medium businesses.
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Digital banking services are offered to individuals and businesses.
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Digital bank for businesses
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Digital banking for individuals is facilitated through a mobile app.
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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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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mentore Bank
Frequently Asked Questions about Mentore Bank
When was Mentore Bank founded?
Mentore Bank was founded in 2021.
Where is Mentore Bank located?
Mentore Bank is headquartered in Fortaleza, Brazil. It is registered at Fortaleza, Ceara, Brazil.
What does Mentore Bank do?
Mêntore Bank operates as a digital bank in Fortaleza, Brazil, simplifying financial management for companies through services like payroll processing with cashback, receivables anticipation, and easy credits. It supports employee benefits such as flexible health options and rewards programs, aiming to digitize routines and improve efficiency for businesses and their workforce. The bank partners with financial institutions to deliver modern, bureaucracy-free solutions.
Who are the top competitors of Mentore Bank?
What products or services does Mentore Bank offer?
Mentore Bank offers Payroll Management, Receivables Anticipation, Easy Credit, Flexible Benefits, and Rewards Program.