Bancore was established in Denmark in 2011, by changing the name of an existing company: GetItCard.
Bancore operates 3 regional entities; Bancore Europe, Bancore Africa and Bancore Asia.
Bancore is headquartered in Copenhagen, Denmark with offices in London, Lagos, Kiev and Jakarta.
Initially Bancore offered an eWallet, but decided in 2011 to change focus and strategy to focus on a combined eWallet and prepaid card model utilizing the reach and brand recognition of VISA and MasterCard.
Today Bancore has issued more than 2.4 million prepaid cards globally, and expects to grow this to at least 20 million people in 2018, making Bancore one of the world’s 20 largest bank-like entities measured by the number of signed-up consumers.
Bancore was founded by its present global CEO, and has raised more than EUR 15M from a range of investors. A final B-round for further expansion is planned for Q1 2019, at which point some significant targets for active consumer sign-ups and revenue will have been achieved.