About Multibank
Multibank is a company based in Panama City (Panama) founded in 1990 was acquired by Banco de Bogota in November 2019. Multibank offers products and services including Multibank App, Savings Accounts, Loans, Investments, and Insurance Products. Multibank operates in a competitive market with competitors including Scotiabank, Banistmo, Global Bank, Banco Nacional and Banco General, among others.
- Headquarter Panama City, Panama
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Multibank Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
$300 M (USD), Debt – Conventional
Nov 09, 2022
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Investors
HSBC
& 3 more
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Employee Count
Not available
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Acquired by
Banco de Bogota
(Nov 18, 2019)
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Products & Services of Multibank
Multibank offers a comprehensive portfolio of products and services, including Multibank App, Savings Accounts, Loans, Investments, and Insurance Products.
Mobile application for secure banking transactions and account management
Accounts designed for saving with interest and easy access
Various loans for personal, auto, and business financing needs
Options for investing in funds and securities for growth
Insurance services covering personal and business risks
Funding Insights of Multibank
Investors in Multibank
Multibank has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include HSBC, Sumitomo Mitsui Banking Corporation and Bladex.
| Investor | Description | Founded Year | Domain | Location |
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Universal banking and financial advisory services are provided globally.
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Working capital loans are provided to international trade clients.
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Digital subsidiaries bank offering online banking services
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Investor details for Multibank
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Multibank
Investment portfolio details for Multibank
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Financial Statements - Multibank
Detailed financials for Multibank
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- Profit trends
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Multibank Comparisons
Peer comparison for Multibank
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Multibank
Multibank 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, Banistmo, Global Bank, Banco Nacional and Banco General, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are offered in Panama City.
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Commercial banking services are offered in Panama.
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Commercial banking services are offered in Panama.
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Offers banking services including accounts, loans, and investments for individuals and businesses.
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Detailed competitors of Multibank
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Latest news on Multibank
Complete news archive for Multibank
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Frequently Asked Questions about Multibank
Multibank was founded in 1990 and raised its 1st funding round 32 years after it was founded.
Multibank is headquartered in Panama City, Panama.
Isaac A. Btesh is the current CEO of Multibank.
Multibank was established in 1990 as a commercial bank in Panama, Panama. Operations focus on standard banking activities, including deposit accounts, loans, and payment processing for businesses and individuals. Services are delivered primarily within the Panamanian market, with oversight from local financial authorities. The institution is led by CEO Isaac A. Btesh, supporting economic activities in the region through reliable financial infrastructure.
Multibank's top competitors include Scotiabank, Banco Nacional and Banistmo.
Multibank offers Multibank App, Savings Accounts, Loans, Investments, and Insurance Products.
Multibank has 4 investors. Key investors include HSBC, Sumitomo Mitsui Banking Corporation, Bladex, and Banco de Bogota.