When was Itau BBA founded?

Itau BBA was founded in 1988 and raised its 1st funding round 34 years after it was founded.

Where is Itau BBA located?

Itau BBA is headquartered in Sao Paulo, Brazil.

How many employees does Itau BBA have?

As of Sep 30, 2026, the latest employee count at Itau BBA is 113181.

Is Itau BBA a funded company?

Itau BBA is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Jun 08, 2022.

When was the latest funding round of Itau BBA?

Itau BBA's latest funding was a $***** Post IPO round on Jun 08, 2022, with participation from 1 investor.

Where does Itau BBA rank among its competitors?

Itau BBA ranks 9th amongst 89 active competitors, of which 4 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Bank of America, which secured $34.9M in Apr, 2025.

Who are the top competitors of Itau BBA?

Itau BBA's top competitors include Nubank, Revolut and Banco Bradesco. Among them, Bank of America secured the most recent funding round in April, 2025.

Itau BBA - 2026 Company Profile, Team, Funding & Competitors

Q: Is Itau BBA an acquired company?

Itau BBA got acquired by Banco Macro on Aug 31, 2023.

Itau BBA is an acquired company based in Sao Paulo (Brazil), founded in 1988. It operates as a Commercial bank. Itau BBA has raised an undisclosed amount in funding. The company has 89 active competitors, including 4 funded and 20 that have exited. Its top competitors include companies like Nubank, Revolut and Banco Bradesco.

Company Details

Itaú Unibanco Holding is a commercial bank. Their products and services include banking, investment banking, private equity, asset management, private banking, insurance, retail banking and credit cards. The company has operations worldwide. In 2022, the company recorded annual revenues of $53.17B and a net profit of $5.75B.

Website: itau.com.br
Social
Phone Number: +55 **********

Key Metrics

Founded Year

1988

Location

Sao Paulo, Brazil

Stage

Acquired

Latest Funding Round

Post IPO, Jun 08, 2022, $*****

Investors

Ranked

9^th among 89 active competitors

Employee Count

113,181 as on Sep 30, 2026

Investment & Acquisitions

Ume & 44 more

Similar Companies

Barclays & 20931 more

Exit Details

Acquired by Banco Macro (Aug 31, 2023)

View Itau BBA's full profile

Itau BBA is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ITAU UNIBANCO HOLDING SA CIN: 60.872.504/0001-23 , United States, Active	Dec 30, 1965	-	-	-

Itau BBA got acquired by Banco Macro on Aug 31, 2023 at an acquisition amount of $*****.

Click here to take a look at Itau BBA's acquisition in detail

Itau BBA has raised funding over 1 round. Its latest funding round was a Post IPO round on Jun 08, 2022 for $*****. 1 investor participated in its latest round. Itau BBA has 1 institutional investor.

Here is the list of recent funding rounds of Itau BBA:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 08, 2022	3022177	Post IPO	2567890	1792600	8809008	1100829

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View details of Itau BBA's funding rounds and investors

Itau BBA's employee count trend

Itau BBA has 113,181 employees as of Sep 26. Here is Itau BBA's employee count trend over the years:

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Top competitors of Itau BBA include Nubank, Revolut and Banco Bradesco. Here is the list of Top 10 competitors of Itau BBA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	90/100
2nd	Revolut 2015, London (United Kingdom), Series E	Provider of financial services and digital banking solutions	$1.73B	Balderton Capital, TSG Consumer Partners ... & 149 others	83/100
3rd	Banco Bradesco 1943, Osasco (Brazil), Public	Commercial bank	-	-	75/100
4th	Banco do Brasil 1808, Brasilia (Brazil), Public	Commercial bank	-	-	72/100
5th	Bank of America 1998, Charlotte (United States), Public	Commercial bank and asset management firm	-	Berkshire Hathaway, Black Capital Investments ... & 5 others	72/100
6th	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	67/100
7th	UniCredit 1998, Milan (Italy), Public	Commercial bank	-	B Capital Fund, Mubadala & 3 others	67/100
8th	Banco BV 1988, Sao Paulo (Brazil), Funding Raised	Digital bank for individuals and businesses	-	IFC, Votorantim	66/100
9th	Itau BBA 1988, Sao Paulo (Brazil), Acquired	Commercial bank	-	XP	66/100
10th	BMG 1930, Sao Paulo (Brazil), Unfunded	Commercial Bank	-	-	63/100