About Multibank
Multibank is a Financial Services company based in Panama City (Panama) founded in 1990, and was acquired by Banco de Bogota in November 2019. Commercial banking services are provided in Panama by Multibank. Its chief executive, as recorded, is Isaac A. Btesh. Its website multibank.com.pa draws about 88 thousand monthly visits. Multibank offers products and services including Multibank App, Savings Accounts, Loans, Investments, and Insurance Products. Its focus areas include Banks and Commercial Banks. Its legal entity is Multibank Inc. Its competitors include Banistmo, Global Bank and Banco Nacional.
Company details
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.
- Headquarters Panama City, Panama
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Website multibank.com.pa/es
- Social LinkedIn Facebook Instagram YouTube
- Acquired by Banco de Bogota (Nov 2019)
- Legal Name Multibank Inc.
- Latest Funding Round$300M (USD), Debt – Conventional
Nov 2022
- InvestorsHSBC
& 3 more
- Acquired byBanco de Bogota
(Nov 2019)
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
Apps and channels of Multibank
Multibank publishes 2 mobile apps with over 50K+ downloads; its YouTube channel Multibank Panama has 1.81K subscribers and 30 videos.
Videos from Multibank
The most watched videos on Multibank's YouTube channel, Multibank Panama (1.81K subscribers). Click a video to play it here.
More on Multibank Panama.
Funding Insights of Multibank
- Total Rounds 1
- Last Round Debt – Conventional — $300M
- First Round $300M
(Nov 2022)
- Investors Count 3
All 1 funding rounds of Multibank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
4 investors in total: 4 institutional.
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 |
|---|---|---|---|---|
Universal banking and financial advisory services are provided globally. | 1865 | hsbc.com | London, United Kingdom | |
Working capital loans are provided to international trade clients. | 1979 | bladex.com | Panama City, Panama | |
Digital subsidiaries bank offering online banking services | 1876 | smbc.co.jp | Chiyoda City, Japan | |
Operates as a commercial bank providing deposits, loans, and payment services to individual customers. | 1870 | bancodebogota.com | Bogota, Colombia |
Investor details for Multibank
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People of Multibank
1 people are tracked at Multibank (1 in leadership).
| Name | Role | Group |
|---|---|---|
Isaac A. Btesh | CEO | Leadership |
Complete people profiles for Multibank
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Timeline of Multibank
3 dated milestones of Multibank across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Multibank is founded.
- Exit Acquired by Banco de Bogota.
- Funding First funding round of $300.0M.
Competitors of Multibank
Multibank has 3 listed competitors in our database. They include Banistmo, Global Bank and Banco Nacional.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| banistmo.com | 2013 | Panama | Commercial banking services are offered in Panama City. | |||
| globalbank.com.pa | 1994 | Panama | 28 | Commercial banking services are offered in Panama. | ||
| banconal.com.pa | 1911 | Panama | Commercial banking services are offered in Panama. |
Detailed competitors of Multibank
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Web traffic of Multibank
The website of Multibank (multibank.com.pa) receives about 88.1K visits a month and ranks #393,664 among all websites worldwide, #4,973 in Financial Planning and Management.
- Monthly visits88.1K
▲ 10.9% vs previous month
- Unique visitors22.7K
per month
- Global rank#393,664
among all websites
- Category rank#4,973
Finance · Financial Planning and Management
- Bounce rate41%
- Pages per visit3.3
- Average visit2 min 08 sec
- DevicesDesktop 47% · Mobile 53%
Websites whose visitors overlap most with Multibank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
banesco.com.pa | banesco.com.pa | 100% | #128,582 | – | |
| credicorpbank.com | 89% | #807,804 | View details | ||
bancopastor.es | bancopastor.es | 82% | – | ||
santander.com.mx | santander.com.mx | 81% | #8,203 | – | |
| banistmo.com | 76% | 162.4K | #208,797 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Multibank
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Related news about 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 CEO of Multibank, as recorded in our data.
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 Banco Nacional, Banistmo and Global Bank.
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.
Multibank operates through Multibank Inc..
Yes. Multibank was acquired by Banco de Bogota in November 2019.
Yes. Multibank publishes Multibank App and 1 more app, with over 50,000 downloads.