About Banco Popular
Banco Popular is a company based in San Juan (United States) founded in 1893. It operates as a Commission-Based, and Subscription Services. The company has 9,230 employees as of December 31, 2024. Banco Popular has completed 2 acquisitions, including E-LOAN and Reliable Auto. Banco Popular offers products and services including Checking Accounts, Savings Accounts, Credit Cards, Personal Loans, and Insurance Products. Banco Popular operates in a competitive market with competitors including Banorte, Bank of America, Scotiabank, Citi and Banamex, among others.
- Headquarter San Juan, United States
- Employees 9230 as on 31 Dec, 2024
- Stage Public
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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
*********
- Legal Name Popular, Inc.
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Annual Revenue
$4.35 B11.25as on Dec 31, 2024
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Net Profit
$614.21 M13.46as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$300 M (USD), Debt – Conventional
Sep 01, 2018
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Investors
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Employee Count
9230
as on Dec 31, 2024
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Investments & Acquisitions
E-LOAN
& 1 more
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IPO & Listings of Banco Popular
Banco Popular is a publicly listed company on the NASDAQ with ticker symbol BPOP in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Banco Popular
Banco Popular offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Credit Cards, Personal Loans, and Insurance Products. 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.
Checking accounts are provided for daily financial transactions.
Savings accounts are offered for secure money storage.
Credit cards are issued for flexible payment options.
Personal loans are provided for individual financial needs.
Insurance products are offered for various protection needs.
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Leadership Team
78 people
Software Development Team
76 people
Senior Team
26 people
Legal and Compliance
20 people
Human Resources and Administration
13 people
Sales and Marketing
12 people
Finance and Accounting
12 people
Operations Team
9 people
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Funding Insights of Banco Popular
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $300.0M
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First Round
First Round
(01 Sep 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Debt – Conventional - Banco Popular | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Banco Popular
Banco Popular has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include E-LOAN and Reliable Auto. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Auto loans are provided by Reliable Auto to vehicle buyers.
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1999 | ||||
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Online lending and savings products are provided by E-LOAN.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Banco Popular
| 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 |
Banco Popular Comparisons
Competitors of Banco Popular
Banco Popular 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 Banorte, Bank of America, Scotiabank, Citi and Banamex, 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 |
Commercial banking services are provided to individuals and corporations.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Mexico.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to clients in Mexico.
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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 Banco Popular
Frequently Asked Questions about Banco Popular
When was Banco Popular founded?
Banco Popular was founded in 1893 and raised its 1st funding round 125 years after it was founded.
Where is Banco Popular located?
Banco Popular is headquartered in San Juan, United States. It is registered at San Juan, Puerto Rico, United States.
Who is the current CEO of Banco Popular?
Ignacio Alvarez is the current CEO of Banco Popular.
How many employees does Banco Popular have?
As of Dec 31, 2024, the latest employee count at Banco Popular is 9,230.
What is the annual revenue of Banco Popular?
Annual revenue of Banco Popular is $4.35B as on Dec 31, 2024.
What does Banco Popular do?
Banco Popular de Puerto Rico is established as a major provider of financial services in Puerto Rico and the Virgin Islands. Banking solutions including checking and savings accounts are offered alongside credit cards and personal loans. Mortgage and auto financing options are provided to meet diverse customer needs. Insurance products covering life, health, and property are made available through partnerships. Services are extended to both personal and business clients across multiple regions. Digital banking tools like Mi Banco are developed for convenient account management. Security measures are implemented to protect against fraud and ensure customer trust.
Who are the top competitors of Banco Popular?
Banco Popular's top competitors include Citi, Banorte and Scotiabank.
What products or services does Banco Popular offer?
Banco Popular offers Checking Accounts, Savings Accounts, Credit Cards, Personal Loans, and Insurance Products.
Is Banco Popular publicly traded?
Yes, Banco Popular is publicly traded on NASDAQ under the ticker symbol BPOP.
How many acquisitions has Banco Popular made?
Banco Popular has made 2 acquisitions, including E-LOAN, and Reliable Auto.
What is Banco Popular's ticker symbol?
The ticker symbol of Banco Popular is BPOP on NASDAQ.