Banco Asset Profile

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

Year established

2018

Location

Singapore Singapore

Primary Industry

Financial Services

About

Based in Singapore, and founded in 2018, Tknest Pte. Ltd doing business as Banco provides the solutions to manage the finance and cash flow of growing business. In August 2022, the firm raised USD 6.7 million in Series A funding led by investor SBI-Hikari Private Equity, with the participation of other investors KZM & Company Group, R3, Savills, and Sumitomo Mitsui Banking Corporation. The firm offers various financial solutions for small and medium-sized enterprises (SMEs) such as invoices paid+ a cash management tool that is designed to manage the cash efficiently. Additionally, the company provides an account receivable/payable tool which helps in the automation of accountable receivable/payable for both SMEs and enterprises. Furthermore, the firm offers deep–tier SCF for upsizing the early payment program and green finance for enterprises to become sustainable along with managing their finance. The company plans to use the August 2022 funding for team expansion and support its product development.

Current Investors

Sumitomo Mitsui Banking Corporation, SBI-Hikari Private Equity, Savills

Request a demo to show more

Primary Industry

Financial Services

Sub Industries

Credit Collections & Services, e-Financial

Website

www.banco.com.sg

Verticals

FinTech

Company Stage

Series A

Total Amount Raised

Subscriber access only

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

31 May 2019

(357,235)

31 May 2020

(401,914)

(402,402)

31 Dec 2021

31 Dec 2022

31 Dec 2023

Unlock the recent years of financials and more for Banco.

Request a demo to see more.

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.