BANCO SOLIDARIO S.A.

**Banco Solidario Analysis**

Banco Solidario, founded in 1995 and headquartered in Ecuador, is a financial services startup with a unique approach. The company's slogan, "Cuando crees en ti... Se nota." encapsulates its commitment to believing in its clients and employees. Unlike traditional banks, Banco Solidario is positioned as a socially oriented institution that prioritizes individuals over numbers.

The recent €8.34M Debt Financing investment on 27 June 2019 from the Belgian Investment Company for Developing Countries demonstrates external validation and support for Banco Solidario's mission. This injection of capital will likely bolster the startup's efforts to further its social impact and expand its financial inclusion initiatives.

Banco Solidario's description emphasizes its dedication to understanding the stories and needs of its collaborators and clients before delivering products or services. This people-centric approach, coupled with their focus on financial expertise, positions Banco Solidario as a standout entity in the financial services sector.

In a world where financial institutions are often perceived as indifferent, Banco Solidario's emphasis on solidarity and inclusivity sets it apart. The company's positioning as a socially conscious and compassionate institution is not only refreshing but also aligns with the growing demand for ethical and impactful financial services.

With its strong social mission, recent investment, and people-driven philosophy, Banco Solidario is well-positioned to continue its positive trajectory, bringing positive change both in Ecuador and potentially beyond.