Banco Modal S.A.
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Banco Modal S.A. - overview
Established
1995
Location
Rio De Janeiro, -, Brazil
Primary Industry
Financial Services
About
Founded in 1995 and based in Rio De Janeiro, Brazil, Banco Modal S. A. operates as a provider of financial services including traditional banking services such as checking accounts, deposits, and credit card services for its clients. The company also provides investment banking and strategic partnerships for investors and fund managers.
In January 2022, XP Inc. , a portfolio company of General Atlantic, agreed to fully acquire Banco Modal S. A. for USD 528 million.
The company trades on BVMF under the ticker symbol MODL11. As of February 2022, the company is led by its CEO Cristiano Ayres. Banco Modal S. A.
is a financial services company that specializes in providing investment banking services. The company provides an investment platform that includes banking and digital services, insurance, mobile apps, wealth management, financial education, and a capital markets segment. The company's revenue decreased from BRL 115. 66 million in 2019 to BRL 104.
09 million in 2020.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Investment Banking
Website
www.modal.com.br
Verticals
FinTech, FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Banco Modal S.A. - timeline of key events
Banco Modal S.A. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 399,940,000 | 478,958,000 | 338,543,000 | 274,898,000 | - | - | - |
| % Revenue Growth (YoY) | - | 19.8% | (29.3%) | (18.8%) | - | - | - |
| EBITDA (USD) | 20,754,000 | 28,591,000 | (15,472,000) | 63,102,000 | - | - | - |
| Operating Income (USD) | 17,556,000 | 24,474,000 | (22,900,000) | 50,021,000 | - | - | - |
| Operating Margin | 4.4% | 5.1% | (6.8%) | 18.2% | - | - | - |
| % EBITDA Margin | 5.2% | 6.0% | (4.6%) | 23.0% | - | - | - |
| NET Income (USD) | 13,769,000 | 15,040,000 | (29,013,000) | 47,504,000 | - | - | - |
| % Net Margin | 3.4% | 3.1% | (8.6%) | 17.3% | - | - | - |
Banco Modal S.A. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Banco Modal S.A. | - | ||||||||
| Add-on | Completed | MAF Distribuidora de Titulos e Valores Mobiliarios S.A. | - |
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Banco Modal S.A. - employee data
Banco Modal S.A. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Fundador e Presidente do Conselho de Administração | BM |
BM Board Member
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