Credo Bank
Microfinance institution operating in georgia.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Late VC | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 1 % | (13 %) | 14 % | 14 % | (18 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 26 % | 24 % | 19 % | 17 % | 21 % | 8 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Credo Bank is a prominent financial institution in Georgia, dedicated to serving micro, small, and medium-sized enterprises (MSMEs). The bank operates in the Georgian market, providing a range of tailored banking products and services designed to support economic growth and development. Credo Bank's business model revolves around offering loans, deposits, and financial transactions through both traditional and digital channels. The bank has recently introduced the Credo Mediator service, which allows customers to conduct financial transactions via Mycredo Internet and Mobile Bank with the assistance of partner bank agents, making banking more accessible in regional areas. Additionally, Credo Bank has developed an auto pawn product, enabling individuals to obtain up to 50,000 GEL while retaining the right to drive their vehicle. The bank also offers special provisions for Ukrainians living in Georgia, granting them access to certain banking services free of charge. Credo Bank's commitment to inclusive economic growth is further highlighted by its collaboration with EIB Global and EBRD, securing significant investments to support Georgian enterprises and female entrepreneurs. The bank is also a member of the GABV HR Committee, emphasizing its dedication to sustainable and value-driven HR practices. Credo Bank leads the market in online installments, providing customers with straightforward online installment plans and exclusive deals in partnership with various companies.
Keywords: MSMEs, loans, deposits, digital banking, auto pawn, regional services, female entrepreneurs, inclusive growth, online installments, Georgian market.