About Mibanco
Mibanco is a company based in Lima (Peru) founded in 1998 was acquired by Edyficar in February 2014.. Mibanco offers products and services including Microloans, Savings Accounts, Insurance Products, and Debt Purchase. Mibanco operates in a competitive market with competitors including Gojo, Financiera Confianza, Financiera ProEmpresa and Agrobanco, among others.
- Headquarter Lima, Peru
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Mibanco - Banco De La Microempresa S.A.
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Products & Services of Mibanco
Mibanco offers a comprehensive portfolio of products and services, including Microloans, Savings Accounts, Insurance Products, and Debt Purchase. 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.
Loans for business capital and equipment needs
Accounts for secure money saving and growth
Coverage for personal and business protection risks
Service for buying and managing business debts
Funding Insights of Mibanco
| 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 Mibanco
Mibanco has secured backing from 1 investor. Prominent investors backing the company include Edyficar. 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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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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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 Mibanco
| 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 - Mibanco
| 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 |
Mibanco Comparisons
Competitors of Mibanco
Mibanco 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 Gojo, Financiera Confianza, Financiera ProEmpresa and Agrobanco, 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 |
Microcredit is extended to individuals and businesses in need.
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| domain | founded_year | HQ Location |
Provider of micro credit services
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| domain | founded_year | HQ Location |
Microcredits and savings are offered to low-income individuals.
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| domain | founded_year | HQ Location |
Agrobanco offers loans, insurance, and support for farming and livestock sectors 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 Mibanco
Frequently Asked Questions about Mibanco
When was Mibanco founded?
Mibanco was founded in 1998.
Where is Mibanco located?
Mibanco is headquartered in Lima, Peru.
What does Mibanco do?
Mibanco was established in 1998 in Lima, Peru, as a microfinance institution. Financial services, including loans and savings accounts, are extended to low-income individuals and small enterprises. Operations are focused on Perus domestic market, with branches supporting credit access in urban and rural areas. Regulatory compliance is maintained within the banking sector to facilitate inclusive financing.
Who are the top competitors of Mibanco?
Mibanco's top competitors include Gojo, Financiera Confianza and Financiera ProEmpresa.
What products or services does Mibanco offer?
Mibanco offers Microloans, Savings Accounts, Insurance Products, and Debt Purchase.
Who are Mibanco's investors?
Mibanco has 1 investor. Key investors include Edyficar.