About Mercantile Bank
Mercantile Bank is a company based in San Juan (United States) founded in 2018 was acquired by The Beneficient Company Group in December 2024.. Mercantile Bank offers products and services including Banking Services, Wealth Management, Payments, and Custody Services. Mercantile Bank operates in a competitive market with competitors including Scotiabank, FirstBank, OFG Bancorp, Cooperativa Oriental and CBiBank, among others.
- Headquarter San Juan, United States
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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 Mercantile Bank International Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
The Beneficient Company Group
(Dec 05, 2024)
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Products & Services of Mercantile Bank
Mercantile Bank offers a comprehensive portfolio of products and services, including Banking Services, Wealth Management, Payments, and Custody Services. 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.
Offers core banking for personal and business financial needs
Provides bespoke asset management and investment opportunities
Facilitates global transfers with no hidden fees
Handles custody and settlements for fiat and digital assets
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Funding Insights of Mercantile 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 |
Investors in Mercantile Bank
Mercantile Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include The Beneficient Company 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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Liquidity solutions and fiduciary services are provided for alternative investments.
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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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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 Mercantile 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 - Mercantile 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 |
Mercantile Bank Comparisons
Competitors of Mercantile Bank
Mercantile 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 Scotiabank, FirstBank, OFG Bancorp, Cooperativa Oriental and CBiBank, 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 banking services are provided to clients in Puerto Rico.
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Commercial bank
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Provides financial services like savings accounts, personal loans, and online banking.
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Commercial banking services are offered by CBiBank in Puerto Rico.
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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 Mercantile Bank
Frequently Asked Questions about Mercantile Bank
When was Mercantile Bank founded?
Mercantile Bank was founded in 2018.
Where is Mercantile Bank located?
Mercantile Bank is headquartered in San Juan, United States. It is registered at San Juan, Puerto Rico, United States.
Who is the current CEO of Mercantile Bank?
J Robert Collins is the current CEO of Mercantile Bank.
What does Mercantile Bank do?
Mercantile Bank was established in 2018 and is headquartered in San Juan, Puerto Rico. Operations focus on commercial banking within the financial sector, where deposit accounts, loans, and related services are extended to corporate clients and personal customers. The institution is led by CEO J Robert Collins, with activities centered in the local economy of Puerto Rico. Standard regulatory compliance is maintained for all transactions.
Who are the top competitors of Mercantile Bank?
Mercantile Bank's top competitors include Scotiabank, FirstBank and CBiBank.
What products or services does Mercantile Bank offer?
Mercantile Bank offers Banking Services, Wealth Management, Payments, and Custody Services.
Who are Mercantile Bank's investors?
Mercantile Bank has 1 investor. Key investors include The Beneficient Company Group.
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