Edekabank

What Edekabank does

Edekabank (legal entity EDEKABANK AG) is a German cooperative bank founded in 1914 and headquartered in Hamburg. It operates as the dedicated banking partner of the EDEKA retail cooperative, the largest retailer in Germany, providing business banking to EDEKA merchants and consumer banking to retail customers. Its commercial franchise is concentrated on the EDEKA ecosystem, with over 80% of EDEKA markets relying on its EC-Cash and electronic direct debit (ELV) payment processing services.

The bank's core technology is a digital banking platform delivered through OnlineBanking (web), the MyBanking App (iOS and Android), and the SecureGo plus authentication app (TÜV Saarland certified, supporting biometric and push notification approval). Business customers access banking through the dedicated EDEKABANK-Portal and BankingPlus, a sub-brand for innovative additional services. The platform supports PSD2-compliant XS2A access for third-party providers, Apple Pay, Mastercard Identity Check, and Visa Secure 3D-Secure authentication, and operates multibank capability via FinTS. Product portfolio spans business accounts (EDEKA-Geschäftskonto, EDEKA-Cashkonto, Firmenkreditkarte), consumer accounts (EDEKA-Konto), three card tiers (ClassicCard, GoldCard, ExclusiveCard), business financing, construction financing, investment advisory (in partnership with Union Investment), and consumer credit (via TeamBank). Insurance distribution is handled through wholly-owned subsidiary EDEKA Versicherungsdienst Vermittlungs-GmbH.

Edekabank generates revenue from four primary streams: interest income on lending (business, real estate, and consumer credit), transaction and payment fees from EC-Cash/ELV and card processing (over 80% EDEKA market penetration), recurring card service fees, and distribution fees on investment and credit products from third-party providers. Pricing is not publicly disclosed and is delivered via direct quotes. The bank serves three primary segments — business customers (Firmenkunden), private customers (Privatkunden), and EDEKA merchants (Edeka Kaufleute) — through direct-to-consumer digital channels plus the EDEKA retail store network as a physical distribution and marketing channel. ATM access is delivered via the BankCard ServiceNetz (~13,800 ATMs).

Name

Edekabank

Legal name

EDEKABANK AG

Website

https://edekabank.de

Company type

Private

Founded year

1914

Operating status

Operating

Headcount range

101–250 employees

Short description

Edekabank is a Hamburg-based cooperative bank (EDEKABANK AG, founded 1914) that serves as the dedicated banking partner of the EDEKA retail cooperative, providing business banking to EDEKA merchants and consumer banking to retail customers via digital and store-based channels.

Ownership category

akta.pro rank

Product category

Cooperative Retail Banking

NAICS

Depository Credit Intermediation (5221), Credit Unions (522130), Credit Card Issuing (522210)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

Keywords

• Cooperative banking services
• Merchant payment processing
• Business banking accounts
• Consumer credit cards
• Corporate financing solutions

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income: Traditional banking interest income from lending products including business financing, real estate financing (Baufinanzierung), and consumer credit products.
2. Transaction and Payment Fees: Fees from payment processing services including EC-Cash, electronic direct debit (ELV), credit card transactions, and online payment services. Over 80% of EDEKA markets use the bank's payment services.
3. Card Services: Revenue from credit and debit card issuance including ClassicCard, GoldCard, ExclusiveCard, and Visa cards with associated annual fees and transaction charges.
4. Investment Products Distribution: Distribution of investment products through partnerships with Union Investment and other financial product providers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Edekabank (EDEKABANK AG) is a German cooperative bank headquartered in Hamburg that serves as the dedicated financial services partner of the EDEKA retail cooperative. It provides full direct-bank services to EDEKA retail merchants (business current accounts, payment processing, corporate credit cards, financing, and insurance) and to private retail customers (personal accounts, credit cards, online and mobile banking, construction financing, and investment advisory). Distribution is delivered through digital channels (OnlineBanking portal, MyBanking App, SecureGo plus) backed by the EDEKA retail store network.

Product overview

Edekabank (EDEKABANK AG) is a German cooperative bank serving EDEKA retail chain merchants (corporate customers) and retail consumers (private customers). The bank operates a platform-plus-services architecture centered on OnlineBanking and mobile apps. Corporate offerings include specialized EDEKA merchant accounts (EDEKA-Cashkonto, EDEKA-Geschäftskonto), Firmenkreditkarte (corporate credit card), and the BankingPlus sub-brand for innovative services. Retail products include EDEKA-Konto, ClassicCard, GoldCard, and ExclusiveCard. Digital access is provided through OnlineBanking (web), MyBanking App (mobile), and SecureGo plus App (authentication/TAN). The bank also provides cashless payment services (EC-Cash, ELV), financing solutions, and investment advisory services.

Differentiator

Problem solved

Functional benefit

Brands

• BankingPlus: Innovative digital banking services and additional Leistungen for business and retail customers
• EDEKABANK-Portal
• MyBanking App
• SecureGo plus
• Mastercard Identity Check

Products and services

• EDEKA-Konto Personal checking account (Privatkunden Girokonto) for retail customers providing standard banking features including overdraft options, used as the foundation for Edekabank's private customer banking.
• EDEKA-Geschäftskonto Business current account for EDEKA merchants providing comprehensive banking services for commercial store operations, including payment, liquidity and cash management.
• EDEKA-Cashkonto Cash account solution for EDEKA merchants enabling cash management and payment processing tied to retail store operations.
• Firmenkreditkarte Corporate credit card solution for business customers providing spending controls and expense management across EDEKA merchant operations.
• ClassicCard Entry-level debit/credit card offering standard payment features and card management for Edekabank private customers.
• GoldCard Premium debit/credit card with enhanced benefits and insurance features aimed at frequent travelers and consumers seeking additional perks.
• ExclusiveCard High-end exclusive card offering premium services and concierge features for affluent Edekabank customers.
• Bargeldloser Zahlungsverkehr (Cashless Payment Processing) Cashless payment services for merchants including EC-Cash and electronic direct debit (ELV), provided as a payment-terminal-based service across the EDEKA retail network.
• Finanzierung (Business Financing) Business financing services for EDEKA merchants including flexible financing options, startup support for new stores (Existenzgründung), and access to promotional subsidies for store expansion and consolidation.
• Geldanlage (Investment Advisory) Investment advisory services for business and retail customers, developing customized investment strategies aligned with individual financial goals, distributing products from Union Investment and other partners.
• BankingPlus Innovative additional digital services sub-brand offering modern banking tools to business customers to simplify daily operations.
• EDEKA-Kaufleute Insurance Solutions (via subsidiary EDEKA Versicherungsdienst Vermittlungs-GmbH) Specialized insurance solutions for EDEKA merchants distributed through the wholly-owned subsidiary EDEKA Versicherungsdienst Vermittlungs-GmbH, including Umsatzpolice (revenue protection), Vertrauensschadenversicherung (fidelity bond insurance), and Rechtsschutzversicherung (legal protection insurance).

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core and minor.

• BankCard ServiceNetzcoreTechnology or IntegrationBankCard ServiceNetz provides the infrastructure for Edekabank customers to access approximately 13,800 ATMs across Germany. Edekabank customers can use ATMs of Volksbank Raiffeisenbank, Sparda-Bank, PSD Bank, and BBBank for free cash withdrawals.
• TeamBankminorChannel Partner/ Reseller/ DistributorPartnership for consumer lending products where TeamBank offers its financing products through Edekabank's widerruf (cancellation) process for contract disputes.
• Union InvestmentminorChannel Partner/ Reseller/ DistributorPartnership for investment fund products where Union Investment is accessible through Edekabank's widerruf process for contract cancellations.
• EDEKA Versicherungsdienst Vermittlungs-GmbHcoreStrategic or Co-development PartnerSubsidiary company providing insurance products for EDEKA merchants including revenue protection (Umsatzpolice), fidelity bond insurance (Vertrauensschadenversicherung), and legal protection insurance (Rechtsschutzversicherung) as part of comprehensive business protection services.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• BBBank: German cooperative retail bank offering current accounts, payment services and consumer financing; also a BankCard ServiceNetz partner, making it a directly comparable niche cooperative bank competing in the same customer niches.
• PSD Bank: German direct/cooperative retail bank providing current accounts, payments and consumer credit; explicitly listed as a BankCard ServiceNetz partner alongside Edekabank and competes for the same retail-banking segment.
• Sparda-Bank: German cooperative-style retail bank serving defined affinity groups with current accounts, cards and digital banking; listed as an ATM partner for Edekabank customers and competes for similar retail deposit and payment business in Germany.
• Volksbanken Raiffeisenbanken (cooperative banking group): Germany's largest cooperative banking federation; a direct structural peer as both operate as German cooperative/cooperative-aligned banks with member/depositor focus and are co-partners in the BankCard ServiceNetz ATM network used by Edekabank.

Broad incumbents

• DKB (Deutsche Kreditbank): Major German direct bank with a strong retail current-account and card business, plus corporate banking including merchant payment services; a comparable business model at much larger scale, competing for both consumer and SME customers.
• ING Germany: One of Germany's largest direct/online banks offering current accounts, cards and consumer credit; competes with Edekabank for retail deposits and payment accounts with a much larger digital-first scale.
• DZ Bank (Deutsche Zentral-Genossenschaftsbank): Central institution of the German Volksbanken Raiffeisenbanken cooperative network; provides wholesale banking, payments infrastructure and liquidity to member cooperative banks including entities operating alongside Edekabank.
• Targobank: German retail and SME bank offering current accounts, consumer credit, cards and merchant services; overlaps with Edekabank's product portfolio across both consumer and business banking.

Others

• Union Investment: Asset-management partner of the German cooperative banking sector and listed distribution partner of Edekabank; relevant ecosystem peer as its funds are distributed through Edekabank's retail channel.

Regional players

• Volksbanken Raiffeisenbanken (Hamburg region): Local Volksbank branches in Hamburg (Edekabank's home city) compete head-to-head for retail deposits, payment accounts and SME financing in the bank's immediate geographic catchment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/edekabank-ag
• Facebookfacebook.com/Edekabank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Edekabank