Covalto
Covalto, founded in 2015 and based in Mexico City, is a fintech company that specializes in providing comprehensive financial solutions for small and medium-sized enterprises (SMEs). Initially known as Credijusto, Covalto has developed a technology infrastructure that utilizes digital tax, e-invoice, and various financial data to underwrite and service SMEs effectively. The company offers a multi-product credit platform, along with banking services and a suite of business analytics tools, making it a one-stop solution for SMEs. In 2021, Covalto made history by becoming the first fintech in Mexico to acquire a regulated bank, which bolstered its digital banking capabilities and expanded its service offerings for SMEs. The platform emphasizes performance-based credit models, allowing clients to access reliable and transparent credit without relying solely on personal credit histories.
Vexi is a financial technology company based in Mexico City, founded in 2016, that provides credit card services tailored for the young, underbanked population in Latin America. The company offers a mobile application that enables users to develop personalized payment plans, manage expenses, and build credit history with minimal documentation. Vexi's credit card services include both online and physical cards, allowing for flexible use in digital transactions and physical establishments. By leveraging proprietary technology, Vexi aims to enhance accessibility to formal credit while ensuring a secure and user-friendly experience without annuity charges.
Aviva is building an AI-powered digital bank for Latin America’s underbank communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses in Mexico. As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
VEMO is a cleantech company focused on enhancing urban mobility through the adoption of clean transportation technologies. The company aims to improve the quality of urban life by promoting quieter streets, cleaner air, and safer travel options. VEMO's innovative business model targets large markets where clean mobility solutions can compete effectively on total cost of ownership from the outset. By integrating its services with a high-utilization charging network, VEMO not only supports sustainable transportation but also fosters purposeful employment opportunities. The company's mission aligns with its commitment to driving a significant shift towards a more sustainable future.
Banco Finterra is one of the banks that has provided working capital credit lines that it has been able to use to leverage its growth.
Our Mission: Empowering enterprises with data and insights to support critical financing and trade decisioning associated to private companies. Our Vision: Building the most reliable, dynamic and complete Enterprise Health Bureau in e-invoicing countries We are VC backed by Bluerun Ventures, Finrebel, Mission Gate, Leap Global, IGNIA, Amex Ventures, ALL VP, 500 Startups, Mexamerica Capital & Vincus. Operating in Mexico and Brazil.
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