Covalto
Covalto, formerly known as Credijusto, is a financial technology company based in Mexico City that specializes in providing comprehensive financial solutions for small and medium-sized enterprises (SMEs). Founded in 2015, Covalto has developed a robust technology infrastructure that utilizes digital tax, e-invoice, and financial data to streamline the underwriting and servicing of SMEs. The company offers a multi-product credit platform, banking services, and a suite of business analytics tools, all designed to facilitate accessible and transparent credit for business growth. In 2021, Covalto distinguished itself as the first fintech in Mexico to acquire a regulated bank, further enhancing its digital banking and service offerings for SMEs.
Vexi
Debt Financing in 2025
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
Debt Financing in 2025
Aviva operates an AI-powered digital bank aimed at providing financial services to underbanked communities in Latin America, particularly targeting unsecured credit products for individuals and nano-businesses in Mexico. The company focuses on reaching the over 40 million underbanked Mexicans, many of whom reside in small and medium-sized towns, through physical onboarding kiosks. These nano-branches facilitate a documentless onboarding process via a three-minute video that leverages AI technology, including natural language processing, to streamline credit applications. By transforming speech to text and assessing customers' emotions and personality through video, Aviva enhances its ability to score thin-file customers effectively. This innovative approach allows Aviva to offer competitive interest rates and meet the financial needs of underserved populations.
VEMO
Debt Financing in 2025
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
Acquisition in 2021
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.
VISOR ADL
Acquisition in 2021
Visor ADL, S.A.P.I. de C.V. is a Mexico City-based company that specializes in developing a loan originator and customer management platform tailored for financial institutions. Founded in 2015, the company provides a range of services including customer management, dynamic risk analytics, proactive loan placement, and dynamic portfolio management. Visor ADL aims to empower enterprises by offering data and insights to facilitate critical financing and trade decisions related to private companies. The company is focused on building a comprehensive Enterprise Health Bureau in e-invoicing countries and operates in both Mexico and Brazil. It is backed by several venture capital firms, highlighting its commitment to innovation in the financial sector.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at
support@teaserclub.com. Your feedback is most welcome.