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 Dec 31, 2017, the latest employee count at Itau BBA is 99332.

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 4th amongst 56 active competitors, only 1 of which is funded. Bank of America, which secured $34.9M in Apr, 2025.

Who are the top competitors of Itau BBA?

Itau BBA's top competitors include Bank of America, Scotiabank and Banco do Brasil. 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 56 active competitors, including 1 funded and 17 that have exited. Its top competitors include companies like Bank of America, Scotiabank and Banco do Brasil.

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

4^th among 56 active competitors

Employee Count

99,332 as on Dec 31, 2017

Investment & Acquisitions

Zippi & 42 more

Similar Companies

BMO & 18231 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	Documents
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 $50M. It was facilitated by Bruchou & Funes de Rioja and Skadden.

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	5841675	Post IPO	2228748	8452184	6348028	1561604

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View details of Itau BBA's funding rounds and investors

Itau BBA's employee count trend

Itau BBA has 99,332 employees as of Dec 17. Here is Itau BBA's employee count trend over the years:

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Top competitors of Itau BBA include Bank of America, Scotiabank and Banco do Brasil. 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	Bank of America 1998, Charlotte (United States), Public	Commercial bank and asset management firm	-	Berkshire Hathaway, Black Capital Investments ... & 5 others	79/100
2nd	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	75/100
3rd	Banco do Brasil 1808, Brasilia (Brazil), Public	Commercial bank	-	-	67/100
4th	Itau BBA 1988, Sao Paulo (Brazil), Acquired	Commercial bank	-	XP	66/100
5th	Banco Bradesco 1943, Osasco (Brazil), Public	Commercial bank	-	-	66/100
6th	UniCredit 1998, Milan (Italy), Public	Commercial bank	-	Capital Group, B Capital Fund & 3 others	65/100
7th	BMG 1930, Sao Paulo (Brazil), Unfunded	Commercial Bank	-	-	62/100
8th	Vectra Bank Colorado 1988, Denver (United States), Acquired	Banking solutions for personal, business, and wealth management needs	-	-	61/100
9th	Banco PAN 2011, Sao Paulo (Brazil), Public	Commercial bank	-	DEG, IDB Invest	61/100
10th	Banrisul 1928, Porto Alegre (Brazil), Public	Commercial bank	-	-	59/100