VeloBank S.A.
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VeloBank S.A. - overview
Established
2022
Location
Warsaw, -, Poland
Primary Industry
Financial Services
About
Based in Poland, VeloBank S. A. is a financial institution that provides a wide range of banking services, including personal accounts and loans, primarily through digital platforms to meet the needs of individuals and businesses. Founded in 2022, VeloBank S.
A. operates from Warsaw, Poland, and is known for its digital banking solutions. In January 2023, the firm underwent a recapitalization following an acquisition by Cerberus Capital Management for PLN 1. 08 billion.
The company has been involved in one significant deal to date. VeloBank offers a comprehensive range of financial products and services designed for both individuals and businesses. Its core offerings include VeloKonto, a zero-fee personal account, and a fully online cash loan service with a competitive annual percentage rate (APR) of 9. 9%.
The bank also provides mortgage and consumer loans, financial advisory, investment products, and insurance services, ensuring accessibility through its digital channels to urban and rural customers across Poland. VeloBank generates revenue through several streams, including interest from loans, account maintenance fees, and commissions on financial products. The bank's transparent fee structure enhances customer satisfaction, allowing individuals to utilize services such as cash loans with no upfront commission. Additionally, VeloBank's loyalty program, VeloKorzyści, incentivizes customer engagement, further driving transaction frequency and contributing to its revenue.
Following the recapitalization in January 2023, VeloBank S. A. plans to strengthen its operations and growth potential. Although specific new products have not been detailed, the bank is expected to leverage recent funding to support future initiatives.
Expansion into additional geographic markets has been highlighted as a priority, although specific regions and timelines have yet to be disclosed.
Current Investors
Cerberus Capital Management
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Retail Banks
Website
www.velobank.pl/
Verticals
FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
VeloBank 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, Corporate Carve Out, Trade Sale | Announced | Bank Handlowy SA's consumer banking arm | - | ||||||||
| Recapitalisation | Completed | VeloBank S.A. | - |
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