IDB Invest

BAC Credomatic is a retail banking organization with a strong presence in South America and Central America, operating in countries such as Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Mexico, the Bahamas, the United States, and Grand Cayman. The company is committed to continuous improvement and is driven by a passion for excellence, innovation, and creativity. BAC Credomatic provides a diverse array of financial products and services, catering to the varied needs of its customers across its extensive geographic footprint.

Kingo Energy, founded in 2013 and based in Guatemala City, specializes in manufacturing solar energy systems aimed at providing affordable clean energy to underserved communities. As a technology startup formed in 2022, it focuses on delivering energy and connectivity solutions to off-the-grid areas in Guatemala and Colombia, where over a billion people lack access to modern energy services. Kingo serves approximately 700 communities, impacting around 250,000 individuals, predominantly subsistence-level farmers. The company designs and operates reliable energy systems that facilitate access to essential services such as education and healthcare, enabling economic opportunities in remote areas. By utilizing internet-of-things (IoT) technology, Kingo helps consumer goods and financial services expand into these regions, enhancing productivity and income potential for local residents through the installation, distribution, and maintenance of renewable energy solutions.