Banotic

What Banotic does

Banotic is a Chilean non-profit organization operating as an Organismo Técnico Intermedio para Capacitación (OTIC), accredited under Chile's SENCE framework to intermediate the Tax Training Franquicia established by Law 19.518. Founded in 1994 and headquartered in Santiago's Providencia district, Banotic serves primarily as "El OTIC de la Banca," administering tax-training credits for Chilean banks and financial institutions while extending services to other industries seeking to optimize their training tax benefit. The organization helps member companies use up to 1% of annual taxable payroll for workforce training, coordinates with a network of accredited OTEC training providers (including INACAP, Fundación TACAL, and others), and handles the full administrative lifecycle from training-needs detection (DNC) to SENSE reporting and liquidation.

The company's service portfolio comprises six interconnected core offerings: Gestión de Franquicia Tributaria (tax incentive administration), Asesoría Personalizada (expert consulting on SENCE compliance), Plataforma Digital (a web-based client portal via Oqualitas providing real-time reports and attendance tracking), Competencias Laborales (ChileValora-aligned skills certification), DNC (training needs diagnostics), and Servicios Complementarios (training logistics such as transport and catering). Banotic also runs the Becas Laborales (Labor Grants) program under public tenders and mandate grants, offers the Programa Impulsa Personas human-capital development program, and provides a Tramo Calculator for tier determination.

Revenue is generated through regulated administration fees: up to 15% of employer contributions for training services and up to 5% for competency certification (EyCCL) processes, billed on an annual basis relative to each member company's taxable payroll. Banotic employs between 11 and 50 staff, sells through a direct, sales-led motion supplemented by digital marketing, referrals, and OTEC partnerships, and distributes services through a single-country (Chile) footprint anchored in the Santiago Metropolitan Region. As a non-profit cooperative-style entity with no disclosed funding rounds, parent company, or public listing, Banotic operates as a regulated service intermediary whose economics are structurally capped by SENCE fee schedules but stabilized by long-tenured enterprise relationships and regulatory accreditation.

Name

Banotic

Legal name

Banotic

Website

https://banotic.cl

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Banotic is a Chilean non-profit OTIC that administers the SENCE tax training franchise under Law 19.518, primarily for the banking sector. It coordinates training providers, manages compliance, and operates a digital client portal for Chilean enterprises.

Ownership category

akta.pro rank

Headquarters

HQ city

Providencia

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. OTIC Administration Fees - Training: As an OTIC (Organismo Técnico Intermedio para Capacitación), Banotic charges administration fees for managing training resources. For training services, the OTIC can charge up to a maximum of 15% of the company's contributions for administration expenses.
2. OTIC Administration Fees - EyCCL: For Evaluation and Certification of Competencies (EyCCL), the administration expense cannot exceed 5% of the cost of the process.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Banotic operates as the authorized OTIC (Organismo Técnico Intermedio para Capacitación) for Chile's banking sector, administering the SENCE tax training benefit (Franquicia Tributaria) under Law 19.518 on behalf of member companies. It provides administration of up to 1% of annual taxable remuneration, personalized advisory on training programs, a web-based client portal for reporting and attendance tracking, competency evaluation and certification (EyCCL), training needs detection (DNC), and management of government-funded Becas Laborales through an OTEC partner network.

Product overview

Banotic (OTIC de la Banca) is an intermediate training organization serving as the banking sector's authorized intermediary for managing Chile's SENCE tax training benefit under Law 19.518. The company operates a service-based model rather than a traditional software product, offering five interconnected core services: Gestión de Franquicia Tributaria (tax incentive administration), Asesoría Personalizada (personalized consulting), Plataforma Digital (web-based client portal), Competencias Laborales (skills certification), DNC (training needs detection), and Servicios Complementarios (logistics support). The portfolio extends to Labor Grants (Becas Laborales) for government-funded training, Open/Closed Courses and Workshops through an OTEC partner network, and a Tier Calculator tool. The digital platform serves as the central hub connecting training providers, companies, and SENCE for real-time reporting and attendance management.

Differentiator

Problem solved

Functional benefit

Brands

• SISBEC: Platform for managing labor scholarships and training procurement for Banotic clients.

Products and services

• Gestión de Franquicia Tributaria (Tax Training Benefit Management) Administration and optimization of the SENCE tax training benefit (Franquicia Tributaria) under Law 19.518, enabling member companies to use up to 1% of annual taxable payroll for workforce training and obtain the corresponding tax credit. For enterprise HR and finance teams in Chile's banking sector.
• Asesoría Personalizada (Personalized Advisory) Expert consulting on training provider selection, course registration, execution, and settlement (liquidación) of training activities in compliance with SENCE regulations. Targeted at enterprise HR and training managers.
• Plataforma Digital (Digital Client Platform) Web-based portal for enterprise clients to download reports, review student attendance, manage training providers, and handle administrative processes in real time without phone calls or paperwork.
• Competencias Laborales (Labor Competency Evaluation and Certification) Evaluation and Certification of Labor Competencies (EyCCL) services for assessing and recognizing workers' professional competencies, administered with a regulated administration expense capped at 5% of process cost.
• Detección de Necesidades de Capacitación (DNC) Diagnostic studies to determine companies' primary training requirements and priorities, supporting strategic alignment of workforce development with business goals.
• Servicios Complementarios (Complementary Services) Integrated solutions including transportation, catering, and event venues that support training logistics and ensure a seamless learning experience for enterprise clients.
• Becas Laborales (Labor Grants) Government-funded training grants for workers and unemployed individuals, managed by Banotic through public tenders and mandate grants (licitaciones and becas por mandato).
• Cursos Abiertos (Open Training Courses) Publicly available training courses offered through the OTEC network in multiple modalities including in-person, synchronous e-learning, asynchronous e-learning, and self-instruction, with courses delivered via live online classes on Microsoft Teams.
• Cursos Cerrados (Closed/Customized Courses) Customized training programs delivered exclusively for specific client companies with tailored content, scheduling, and delivery to meet unique organizational requirements.
• Charlas y Talleres (Seminars and Workshops)

Quantifiable outcome

• Companies can obtain credit for 1% of annual taxable remuneration for training
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SENCE (Servicio Nacional de Capacitación y Empleo)coreOthersRegulatory body that administers the Tax Training Franquicia. Banotic interfaces with SENCE for course registration, reporting, and compliance as part of their OTIC function.
• OTEC (Organismos Técnicos Ejecutores de Capacitación)coreChannel Partner/ Reseller/ DistributorAccredited training execution organizations that deliver training courses. Banotic coordinates with OTECs to ensure quality execution of client training programs. Partners include INACAP, Fundación TACAL, OTEC Más Tú, INCEF, and many others listed on their training calendar.
• ABIF (Asociación de Bancos e Instituciones Financieras)coreStrategic or Co-development PartnerAssociation of Banks and Financial Institutions. As Banotic is the OTIC of the banking sector, ABIF represents their primary client base and is a key related organization.
• DUOC UCminorStrategic or Co-development PartnerEducational institution that partnered with Banotic to organize events such as the conference on the new Personal Data Protection Law.
• AMDD (Asociación de Marketing Digital y Data de Chile)minorStrategic or Co-development PartnerAssociation of Digital Marketing and Data of Chile that co-organized the data protection law conference with Banotic and DUOC UC.
• ChileValoraminorOthersNational system for competency certification that Banotic works with for EyCCL (Evaluation and Certification of Competencies Laborales) processes.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Others

• SENCE: Chile's National Training and Employment Service that administers the Law 19.518 franchise and regulates OTICs; Banotic's core regulatory counterparty and a defining stakeholder in its business model.
• ABIF: Asociación de Bancos e Instituciones Financieras — the Chilean Banking Industry Association that represents Banotic's core client base and serves as a key strategic partner in acquiring banking-sector OTIC members.
• INACAP: Major Chilean OTEC training provider partnered with Banotic to deliver courses; illustrative of the OTEC network Banotic coordinates through to execute client training programs.
• Oqualitas: Client portal platform powering Banotic's digital access layer (oqualitas.com/banotic); an enabling technology provider rather than a competitor, but indicative of the SaaS infrastructure stack used by Chilean OTICs.
• ChileValora: Chile's national competency-certification system with which Banotic partners for EyCCL processes; provides the regulatory framework Banotic operates within for competency certification.

Direct peers

• OTIC Codelco: Chilean mining-sector OTIC that manages SENCE training-tax contributions for Codelco and mining-related companies, directly parallel to Banotic's banking-sector franchise administration model.
• OTIC Sofofa: Chilean industrial-sector OTIC operating under the same Law 19.518 franchise-administration model as Banotic, administering SENCE tax-training contributions for member companies in manufacturing and large industry.
• OTIC Cámara Chilena de la Construcción: Construction-sector OTIC that administers the SENCE training franchise for Chilean construction firms, operating under identical regulatory and fee-cap mechanics as Banotic.

Emerging players

• BUK: Chilean HR and training-management SaaS platform that already integrates with Banotic (banotic.buk.cl) and could over time absorb administrative layers historically handled by OTICs.

Broad incumbents

• OPCO (France — Opérateurs de Compétences): French sector-based operators of competencies that collect and administer employer training contributions for defined industries — the closest international analog to Chile's OTIC system and Banotic's banking-sector franchise model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/oticdelabanca
• YouTubeyoutube.com/channel/UC1R-32D2CIzQtjRmwYt8ZgA
• Facebookfacebook.com/Banotic
• LinkedInlinkedin.com/company/banotic/?originalSubdomain=cl
• Instagraminstagram.com/banotic_/?igshid=YmMyMTA2M2Y%3D

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Banotic