Novo Banco, SA
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Novo Banco, SA - overview
Established
2014
Location
Oeiras, -, Portugal
Primary Industry
Financial Services
About
Based in Portugal, Novo Banco, SA offers accounts, savings, mortgages, loans, investment solutions, and health, life, home, car, and personal insurance solutions. Based in Oeiras, Portugal and founded in 2014, Novo Banco, SA is a credit institution that provides banking activity according to Portuguese Law. In November 2021, ABANCA acquired a branch business in Spain from Novo Banco, SA. The company offers day-to-day financial solutions such as bills, debit, credit and prepaid cards, wage domiciliation, expenses domiciliation and MoneyGram services to send money internationally.
Additionally, the company also offers personal credit, mortgage loans, car loans, auto solutions, microcredit as well as savings and investment solutions such as structured deposits, time deposits, structured obligations, investment funds, life insurance banking, renovation and taxation solutions for agricultural, agro-industrial, tourism, business, restoration and health industries. The company also provides insurance for life, health, auto, home, personal and salary protection along with domestic employee's insurance and various simulators. The company also offers NB smarter for access through a mobile application, NBnet for access on computers and NBapp tablet for access to the bank on tablets.
Current Investors
Lone Star Funds
Primary Industry
Financial Services
Sub Industries
Commercial Banks, e-Financial, Retail Banks
Website
www.novobanco.pt/
Verticals
FinTech
Total Amount Raised
Subscriber access only
Novo Banco, SA - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | Novo Banco, SA | - | ||||||||
| Buyout | Completed | GNB – Companhia de Seguros de Vida, S.A. | - | ||||||||
| Buyout | Completed | Novo Banco, SA | - |
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