Banco

Banco

Building better finance together, by making it simple, transparent and accessible for everyone. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD41—62m (Dealroom.co estimates Aug 2022.)
Singapore Central (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues3.0m3.0m
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DateInvestorsAmountRound
*

$6.7m

Series A
Total FundingAUD10.4m

Recent News about Banco

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More about Bancoinfo icon
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Banco is a digital financing platform designed to support the growth of small and medium-sized enterprises (SMEs) in Singapore and across Asia. The platform offers a range of financial services aimed at improving cash flow and strengthening trade relations within the supply chain. Banco's core products include InvoicePaid, which ensures timely collection of monthly invoices, and EquipPaid, which provides 100% financing for equipment with no downpayment, allowing businesses to conserve cash flow through fixed monthly payments.

Banco serves SMEs that require efficient management of receivables and payables, as well as those looking to finance their equipment purchases without upfront costs. The platform operates in the financial technology (fintech) sector, focusing on supply chain finance, receivables finance, and green finance. Banco's business model revolves around providing automated accounts payable (AP) and accounts receivable (AR) tools that streamline invoice processing, reduce manual work, and minimize delays. This automation helps businesses free up their teams to focus on strategic operations that drive growth.

Banco generates revenue through service fees associated with its financing products and automation tools. By offering tailored approval workflows and comprehensive audit tracking, Banco ensures compliance and ease of reference for its clients. The platform's sustainability assessment and benchmarking dashboard further support businesses in achieving their green finance goals.

Keywords: SME finance, digital financing, cash flow management, supply chain finance, invoice automation, equipment financing, fintech, green finance, AP/AR automation, Singapore.