What Ban100 does

Ban100 S.A. is a Colombian commercial bank headquartered in Bogotá that provides credit, savings, and investment products to underserved retail segments across Colombia. The bank's core offerings are libranza (payroll deduction) loans targeted at pensioners and educators, consumer credit, microcredit for small entrepreneurs, credit cards, and deposit products including savings accounts, current accounts, and CDT (certificados de depósito a término) term deposits. Insurance products — mandatory debtor life coverage via Mapfre plus voluntary add-ons through Chubb and MetLife — are bundled with lending products to generate fee income and protect collateral.

The bank's technology stack centers on a digital banking platform comprising the App Ban100 mobile application, a virtual branch (sucursal virtual), and integration with Bre-B, the instant payment system operated by Banco de la República that enables real-time transfers using national ID, phone, email, or alphanumeric aliases. Distribution combines a physical branch network across seven major Colombian cities with field sales advisors reaching more than 900 municipalities, supported by WhatsApp and phone-banking channels. Loan origination is supported by the Fondo de Garantías de Antioquia (FGA), an institutional guarantee that allows approvals without a co-maker and expands access to underbanked borrowers.

Ban100's business model relies on net interest income from lending, funded by retail deposits, supplemented by insurance commissions through Chubb, Mapfre, and MetLife partnerships. The bank is regulated by the Superintendencia Financiera de Colombia and protected by Fogafín deposit insurance. Capital is recycled and expanded through a 2024 securitization program with BTG Pactual covering more than $500,000 million COP in loan portfolio, which frees balance-sheet capacity for further origination. The company was previously known as Banco Credifinanciera and operates as a Sociedad Anónima with 51–100 employees.

Name

Ban100

Legal name

Ban100 S.A.

Website

https://ban100.com.co

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Ban100 S.A. is a Colombian commercial bank in Bogotá offering libranza, consumer, and microcredit loans, credit cards, savings accounts, and CDTs to underserved retail segments — pensioners, educators, microentrepreneurs, and the general population — across 900+ municipalities via branch, field, and digital channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Credit Card Issuing (522210)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking services
• Payroll deduction loans
• Consumer credit
• Microcredit lending
• Term deposit products

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on libranza loans, consumer credit, microcredit, and credit cards. Libranza loans are payroll deduction products for pensioners and educators.
2. Deposit Taking and Interest Expense: Attracts deposits through savings accounts, current accounts, and CDTs (certificates of deposit), paying interest to depositors.
3. Insurance Commission: Earns commissions from insurance products sold alongside loans including life insurance, accident insurance, home insurance, and exequial insurance through partners Chubb, Mapfre, and MetLife.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Ban100 is a Colombian retail bank that provides credit and deposit products to individuals and microentrepreneurs. Its credit offerings include libranza (payroll deduction) loans for pensioners and educators, consumer credit, microcredit, and credit cards, while its deposit side includes savings accounts, current accounts, and CDT term deposits. The bank combines physical branches and field advisors reaching 900+ municipalities with digital channels including a mobile app, virtual branch, and Bre-B instant payments, with insurance products offered alongside lending through partners Chubb, Mapfre, and MetLife.

Product overview

Ban100 is a Colombian bank offering a comprehensive financial products and services portfolio. The core offering consists of credit products (Libranza loans for pensioners and educators, personal loans, microcredit, and credit cards) alongside deposit and investment products (CDT term deposits, savings accounts, and current accounts). Digital services include the BRE-B instant payment platform and the mobile app for account management. Insurance products are available as add-ons through partnerships with Chubb, MetLife, and Mapfre, covering life, accidents, home, and funeral expenses. The bank serves customers across over 900 municipalities in Colombia.

Differentiator

Problem solved

Functional benefit

Products and services

• Crédito de Libranza para Pensionados A libranza (payroll deduction) loan designed for retired pensioners. Repayments are deducted directly from monthly pension payments, and the loan is backed by the Fondo de Garantías de Antioquia (FGA), allowing approval without a co-maker. Offered with competitive rates and extended payment terms.
• Crédito de Libranza para Educadores A libranza loan tailored for teachers and education-sector employees with active payroll deduction agreements with Ban100. Provides accessible credit with favorable terms and FGA institutional guarantee, with repayments deducted directly from payroll.
• Crédito de Consumo A personal consumer loan for general consumption purposes, offering flexible terms and competitive interest rates for qualified individual borrowers.
• Microcrédito Small loans designed for entrepreneurs, microentrepreneurs, and independent workers who may not qualify for traditional credit. Features accessible underwriting requirements and personalized service, and can be bundled with voluntary insurance from MetLife.
• Tarjeta de Crédito A credit card offering purchasing power and revolving credit for individuals, with various benefits and optional insurance coverages (e.g., life insurance for credit card holders via Chubb).
• CDT (Certificado de Depósito a Término) A term deposit certificate (CDT) offering fixed-term returns on customer savings. Available both in-branch and through the CDT en línea digital platform, which allows opening in approximately 10 minutes.
• Cuenta de Ahorro A savings account product enabling customers to deposit funds, earn interest, and access their money securely through multiple channels (branch, app, virtual branch).
• Cuenta Corriente A current account for daily banking transactions, offering check-writing capabilities and unlimited transfers between Ban100 accounts.
• Bre-B Instant Payments An instant payment service integrated by Ban100 that enables real-time money transfers between banks, digital wallets, and fintechs across Colombia using digital keys such as national ID, phone number, email, or custom alphanumeric aliases.
• App Ban100 Mobile Banking A mobile banking application providing self-service account management, transfers, payments, CDT onboarding, and digital enrollment for Ban100 customers, recently refreshed with an improved user interface.
• Seguros Chubb (Vida, Accidentes Personales, Hogar, Exequias) Voluntary insurance products offered in partnership with Chubb Seguros Colombia, covering personal accidents, home damage, life, and funeral expenses. Designed to protect borrowers and their families and bundled with Ban100's loan products.
• Seguro de Vida Deudor (Mapfre) Mandatory life insurance for debtors (seguro de vida deudor) covering the outstanding loan balance in case of death or total permanent disability, provided by Mapfre Seguros and required for Ban100 credit products.
• Seguros MetLife (Microcrédito) Voluntary insurance add-on coverage for microcredit clients, including medical assistance, hospitalization daily income, and accidental death benefits, offered through MetLife Colombia.

Quantifiable outcome

• CDT can be opened online in 10 minutes
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Chubb Seguros Colombia S.A.coreStrategic or Co-development Partner · 1 January 2024Ban100 and Chubb announced an alliance to increase financial inclusion in Colombia. Chubb provides insurance products including personal accident insurance, home insurance, life insurance, and exequial insurance that are offered alongside Ban100's loan products. These are voluntary insurance products designed to protect borrowers and their families.
• Fondo de Garantías de Antioquia (FGA)coreStrategic or Co-development PartnerThe FGA is an institutional guarantor that backs Ban100's libranza loans. This allows the bank to approve credits without requiring a co-maker, and streamlines the disbursement process especially for clients who have been reported to credit bureaus or have not had access to formal credit.
• Mapfre SeguroscoreStrategic or Co-development PartnerMapfre provides mandatory life insurance for debtors (seguro de vida deudor) covering the outstanding loan balance in case of death or total permanent disability. This insurance is required for credit products including libranza, microcredit, consumer credit, and credit cards.
• MetLife ColombiaminorStrategic or Co-development PartnerMetLife provides voluntary insurance products for microcredit clients including medical assistance, hospitalization daily income, and accidental death benefits. These are optional add-on coverages bundled with microcredit loans.
• Banco de la RepúblicacoreTechnology or IntegrationBan100 integrates with Bre-B, the instant payment platform developed by Banco de la República. This allows Ban100 customers to send and receive money instantly using their national ID, phone number, email, or custom aliases across all banks and digital wallets in Colombia.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Banco Caja Social: Colombian commercial bank with strong financial-inclusion and microcredit focus, targeting salaried and small-business segments via payroll-deduction and community-banking models. Directly comparable to Ban100 in mission, customer profile, and Colombian mid-tier bank positioning.
• Banco Agrario de Colombia: State-affiliated Colombian bank focused on rural, agricultural, and small-borrower segments with deep municipal presence. Comparable to Ban100 in its niche-segment strategy, government-backed credit products, and reliance on institutional guarantees.

Broad incumbents

• Bancolombia: Largest Colombian commercial bank offering the full deposit, credit, and digital banking suite. Overlaps Ban100 in every product category but at vastly greater scale; useful as the dominant benchmark for pricing, NIM, and digital adoption in Colombian retail banking.
• Davivienda: Major Colombian commercial bank with strong mortgage, consumer credit, and digital presence. Competes with Ban100 in consumer loans and deposits; its scale and bancassurance distribution set the standard Ban100 must match.
• Banco de Bogotá: One of Colombia's oldest commercial banks with nationwide branch network and full retail/corporate offering. Comparable in regulated-bank status and product breadth, but operates at materially larger scale.
• BBVA Colombia: Subsidiary of global BBVA Group operating a full-service commercial bank in Colombia with strong digital transformation track record. Comparable to Ban100 as a competing regulated bank pursuing digital channel growth.
• Scotiabank Colpatria: Canadian-owned Colombian commercial bank with consumer lending, deposits, and bancassurance. Overlaps Ban100 in consumer credit and savings products; relevant for benchmarking product economics in mid-tier Colombian retail banking.

Emerging players

• Banco W: Colombian bank specializing in libranza (payroll-deduction) loans and digital channels for public-sector workers and pensioners. Most directly comparable niche competitor to Ban100's core libranza franchise.
• Lulo Bank: Colombian digital-only challenger bank backed by Grupo Bolívar, offering savings, credit cards, and personal loans via mobile app. Comparable as a digital-native competitor pursuing the same retail deposit and consumer credit segments Ban100 targets.

Regional players

• Banco Pichincha Colombia: Ecuadorian-origin commercial bank operating in Colombia with focus on microcredit, SMEs, and inclusive banking. Comparable in customer profile (microentrepreneurs, lower-middle-income borrowers) and emerging-market niche banking approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Ban100oficial
• Facebookfacebook.com/Ban100oficial
• LinkedInlinkedin.com/company/ban100oficial-ban100
• Instagraminstagram.com/ban100oficial

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ban100