When was Banco de Machala founded?

Banco de Machala was founded in 2012 and raised its 1st funding round 14 years after it was founded.

Where is Banco de Machala located?

Banco de Machala is headquartered in Guayaquil, Ecuador.

How many employees does Banco de Machala have?

As of Aug 31, 2026, the latest employee count at Banco de Machala is 885.

Is Banco de Machala a funded company?

Banco de Machala is a funded company, having raised a total of $***** in its 1st and only funding round, a Conventional Debt round on Feb 03, 2026.

When was the latest funding round of Banco de Machala?

Banco de Machala's latest funding was a $***** Conventional Debt round on Feb 03, 2026, with participation from 0 investor.

Where does Banco de Machala rank among its competitors?

Banco de Machala ranks 7th amongst 19 active competitors, none of which are funded.

Who are the top competitors of Banco de Machala?

Banco de Machala's top competitors include Scotiabank, Banco Pichincha and Banco Solidario. Among them, Bank of the Pacific secured the most recent funding round in February, 2026.

Banco de Machala - 2026 Company Profile, Funding & Competitors

Banco de Machala is a funded company based in Guayaquil (Ecuador), founded in 2012. It operates as a Commercial bank. Banco de Machala has raised an undisclosed amount in funding. The company has 19 active competitors, including 2 that have exited. Its top competitors include companies like Scotiabank, Banco Pichincha and Banco Solidario.

Company Details

Website: bancomachala.com
Social

Key Metrics

Founded Year

2012

Location

Guayaquil, Ecuador

Stage

Funding Raised

Latest Funding Round

Conventional Debt, Feb 03, 2026, $*****

Ranked

7^th among 19 active competitors

Employee Count

885 as on Aug 31, 2026

Similar Companies

Standard Chartered & 20420 more

View Banco de Machala's full profile

Banco de Machala has raised funding over 1 round.

Here is the list of recent funding rounds of Banco de Machala:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 03, 2026	4005909	Conventional Debt	2784900	1046799	7789085	2870800

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View details of Banco de Machala's funding rounds and investors

Banco de Machala's employee count trend

Banco de Machala has 885 employees as of Aug 26. Here is Banco de Machala's employee count trend over the years:

Employee count trend for Banco de Machala

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Top competitors of Banco de Machala include Scotiabank, Banco Pichincha and Banco Solidario. Here is the list of Top 10 competitors of Banco de Machala, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	70/100
2nd	Banco Pichincha 1906, Quito (Ecuador), Funding Raised	Commercial bank	-	Triodos Investment Management, IFC Asset Management Company ... & 4 others	55/100
3rd	Banco Solidario 1995, Quito (Ecuador), Early Stage	Commercial bank	$30.1M	FMO, Oikocredit & 4 others	54/100
4th	Bank of the Pacific 1972, Guayaquil (Ecuador), Funding Raised	Commercial bank	-	JPMorgan Chase	49/100
5th	Banco Guayaquil 1923, Guayaquil (Ecuador), Acquired	Commercial bank	-	BIO Invest	49/100
6th	International Bank of Ecuador 1973, Quito (Ecuador), Funding Raised	Commercial bank	-	Triodos Investment Management, IFC Asset Management Company ... Read more	48/100
7th	Banco de Machala 2012, Guayaquil (Ecuador), Funding Raised	Commercial bank	-	-	48/100
8th	BGR Oficial 1988, Quito (Ecuador), Unfunded	Commercial bank	-	-	48/100
9th	Produbanco 1978, Quito (Ecuador), Funding Raised	Commercial bank	-	IDB Invest, Blue like an Orange & 1 others	47/100
10th	Banco Bolivariano 1979, Guayaquil (Ecuador), Unfunded	Commercial bank	-	-	45/100