CB Bank

About CB Bank

CB International Bank is a financial institution that offers a range of banking services, including loans, deposits, and investment products, utilizing secure digital platforms for efficient transactions. The bank addresses the need for accessible financial services in underserved markets, enhancing financial inclusion and customer engagement.

<problem> Small and medium-sized enterprises (SMEs) engaged in international trade often face challenges in accessing efficient and cost-effective cross-border financial services. Traditional banking solutions may involve complex account opening procedures, high transaction fees, and delays in fund transfers, hindering their ability to compete effectively in the global market. </problem> <solution> CBiBank provides a suite of digital banking services designed to streamline international trade and wealth management for both businesses and individuals. The platform facilitates fast-track account opening, multi-currency transactions, and global remittances through a user-friendly mobile app and online banking portal. CBiBank leverages an intelligent risk management system to expedite fund transfers while ensuring secure settlements and compliance. By offering services such as letters of credit, documentary collections, and foreign exchange hedging, CBiBank aims to simplify international payments, mitigate exchange rate risks, and promote global connectivity for its clients. </solution> <features> - Online account opening with video verification and rapid review process - Multi-currency accounts supporting USD, EUR, CNH, GBP, JPY, SGD, and HKD - Real-time currency exchange with transparent rates - Global remittance services with instant transfers to local bank cards - Corporate debit cards for ATM withdrawals, POS transactions, and procurement - Documentary services including letters of credit and documentary collections - Foreign exchange hedging services to mitigate currency fluctuation risks - 24/7 online customer service - Mobile app for personal and business banking </features> <target_audience> CBiBank primarily serves SMEs involved in physical trade, service trade, global investments, and cross-border e-commerce, as well as individual investors, immigrants, and cross-border workers. </target_audience>

What does CB Bank do?

CB International Bank is a financial institution that offers a range of banking services, including loans, deposits, and investment products, utilizing secure digital platforms for efficient transactions. The bank addresses the need for accessible financial services in underserved markets, enhancing financial inclusion and customer engagement.

Where is CB Bank located?

CB Bank is based in San Juan, Puerto Rico.

When was CB Bank founded?

CB Bank was founded in 2017.

How much funding has CB Bank raised?

CB Bank has raised 15000000.

Location
San Juan, Puerto Rico
Founded
2017
Funding
15000000
Employees
29 employees
Major Investors
Alpol Capital Family Office

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CB Bank

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Executive Summary

CB International Bank is a financial institution that offers a range of banking services, including loans, deposits, and investment products, utilizing secure digital platforms for efficient transactions. The bank addresses the need for accessible financial services in underserved markets, enhancing financial inclusion and customer engagement.

cbibank.com300+
cb
Crunchbase
Founded 2017San Juan, Puerto Rico

Funding

$

Estimated Funding

$10M+

Major Investors

Alpol Capital Family Office

Team (25+)

No team information available.

Company Description

Problem

Small and medium-sized enterprises (SMEs) engaged in international trade often face challenges in accessing efficient and cost-effective cross-border financial services. Traditional banking solutions may involve complex account opening procedures, high transaction fees, and delays in fund transfers, hindering their ability to compete effectively in the global market.

Solution

CBiBank provides a suite of digital banking services designed to streamline international trade and wealth management for both businesses and individuals. The platform facilitates fast-track account opening, multi-currency transactions, and global remittances through a user-friendly mobile app and online banking portal. CBiBank leverages an intelligent risk management system to expedite fund transfers while ensuring secure settlements and compliance. By offering services such as letters of credit, documentary collections, and foreign exchange hedging, CBiBank aims to simplify international payments, mitigate exchange rate risks, and promote global connectivity for its clients.

Features

Online account opening with video verification and rapid review process

Multi-currency accounts supporting USD, EUR, CNH, GBP, JPY, SGD, and HKD

Real-time currency exchange with transparent rates

Global remittance services with instant transfers to local bank cards

Corporate debit cards for ATM withdrawals, POS transactions, and procurement

Documentary services including letters of credit and documentary collections

Foreign exchange hedging services to mitigate currency fluctuation risks

24/7 online customer service

Mobile app for personal and business banking

Target Audience

CBiBank primarily serves SMEs involved in physical trade, service trade, global investments, and cross-border e-commerce, as well as individual investors, immigrants, and cross-border workers.

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