Covalto
Covalto is a Mexican financial services company that serves small and medium enterprises with credit, banking and analytics solutions. It offers a multi-product lending platform that provides agile and fair credit, factoring and leasing, complemented by a digital SME banking platform and a suite of business analytics tools. The company leverages digital tax, e-invoice and other financial data to underwrite and service SMes at scale, using credit models that emphasize overall business performance rather than relying solely on the owner's personal credit history. Covalto was founded in 2015 and is based in Mexico City. In 2021 it became the first fintech in Mexico to acquire a regulated bank, enabling expanded digital SME banking and services. The approach focuses on accessible credit that supports business growth through transparent, data-driven decisions.
Top Stages
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Vexi
Debt Financing in 2025
Founded in Mexico City in 2016, Vexi offers a digital credit card service targeting young underbanked populations. Users can manage expenses, create payment plans, and build credit history through its mobile application.
Aviva
Debt Financing in 2025
Aviva is developing an AI-driven digital bank focused on serving underbanked communities in Latin America. Initially targeting Mexico's unsecured credit market, Aviva offers inclusive financial services through innovative physical onboarding kiosks and novel AI-based risk models.
VEMO
Debt Financing in 2025
VEMO is a cleantech company dedicated to enhancing urban mobility through clean transportation solutions. The company aims to accelerate the adoption of innovative mobility technologies by focusing on high-utilization transportation methods that provide a competitive total cost of ownership from the outset. By integrating its services with an efficient charging network, VEMO seeks to create a synergistic ecosystem that not only promotes cleaner air and reduced noise in urban areas but also enhances the overall quality of life for residents. The company's mission aligns with fostering a more sustainable future while generating meaningful employment opportunities.
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.
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