Credijusto
Covalto (formerly Credijusto) is a Mexican-regulated digital bank serving SMEs and growing businesses with collateral-free credit, factoring, equipment leasing, deposit accounts, and fixed-rate investment products delivered through a 100% digital platform.
- Company typePrivate
- Founded2015
- HeadquartersGranada, Mexico
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Credijusto does
Credijusto, now operating as Covalto (legally Banco Covalto S.A., Institución de Banca Múltiple), is a Mexican digital bank headquartered in Mexico City that serves small and medium enterprises (PYMES) and growing businesses, with secondary service to individual investors. Originally founded in 2015 as a fintech lender, the company was acquired by Banco Finterra in 2024 and rebranded to Covalto, converting into a fully regulated multiple banking institution under CNBV oversight, with deposits protected by IPAB up to 400,000 UDIS and oversight from CONDUSEF. The firm operates with 251-500 employees from a single Mexico City headquarters at Ferrocarril de Cuernavaca 689, Piso 9, Colonia Ampliación Granada.
Covalto's product set spans agile collateral-free business credit (Crédito Ágil Covalto), receivables factoring (Factoraje), equipment leasing (Arrendamiento), business and personal deposit accounts, fixed-rate investment products yielding up to 9.25% annually at a 3-year tenor, and fiduciary (fideicomiso) services. The platform is delivered through dedicated digital properties — obcuentas.covalto.com for onboarding, micredito.covalto.com for credit applications, and bancaenlinea.covalto.com for account management — complemented by call-center support and direct enterprise sales. The stated core technology is a digital banking platform with AI integration capabilities, anchored by a 2025 strategic partnership with Google Cloud aimed at driving AI adoption across operations and customer-facing services.
Revenue is generated across four streams: interest and fees on credit products, transaction-based fees on factoring, spread income on investment products where the bank acts as intermediary, and recurring lease payments on equipment financing. Go-to-market is sales-led and digital-first, combining self-service online channels with executive relationship management for larger structured financing. Customer logos span electric vehicles (Vemo), agricultural exports (Grupo Bebo), fintech startups (Maxikash, Alvos, CLARA), healthcare (Oyacare), agribusiness (VALFORT), and manufacturing (PLATA), indicating deliberate diversification across Mexican SME verticals.
Credijusto firmographics
Firmographics- Name
- Credijusto
- Legal name
- Banco Covalto S.A., Institución de Banca Múltiple
- Website
- https://credijusto.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Covalto (formerly Credijusto) is a Mexican-regulated digital bank serving SMEs and growing businesses with collateral-free credit, factoring, equipment leasing, deposit accounts, and fixed-rate investment products delivered through a 100% digital platform.
- Ownership category
- akta.pro rank
Credijusto industry classification
Industry- Product category
- Digital Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)
- akta.pro secondary industry
- Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD)
Keywords
Where Credijusto is headquartered
LocationHeadquarters
- HQ city
- Granada
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Credijusto business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Business Credit Products: Revenue generated from interest and fees on credit products including Crédito Ágil Covalto (agile business credit), structured credit, and equipment financing
- Factoring Services: Immediate cash in exchange for accounts receivable, generating fees and interest on short-term financing
- Investment Products: Fixed-rate investment products (9.25% annual at 3 years) where the bank acts as intermediary, generating spread income
- Equipment Leasing (Arrendamiento): Equipment leasing solutions providing capital without compromising customer capital
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Investment at 3 years: 9.25% fixed annual rate |
| Subscription | Annual | Investment at 1 year: 9.00% fixed annual rate |
| Subscription | Annual | Investment at 1 year: 8.75% fixed annual rate |
| Usage-based | Pay-as-you-go | Business Credit (Crédito Ágil) |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Credijusto product offering
Product offeringCore offering
Credijusto (operating as Covalto) is a regulated Mexican digital bank that provides collateral-free business credit (Crédito Ágil Covalto), invoice factoring (Factoraje), equipment leasing (Arrendamiento), business and personal deposit accounts, fixed-rate investment products, and fiduciary/trust services (Fideicomisos) through a 100% digital application and onboarding platform. The firm targets SMEs requiring fast working-capital financing without traditional guarantees and individual investors seeking IPAB-protected guaranteed-yield deposits, operating as Banco Covalto S.A., Institución de Banca Múltiple.
Product overview
Covalto (formerly Credijusto) operates as a digital bank for businesses in Mexico, offering a comprehensive suite of financial products including credit (Crédito Ágil Covalto), factoring (Factoraje), equipment leasing (Arrendamiento), business and personal accounts (Cuenta para Negocios, Cuenta para Personas), investment products (Inversión with rates up to 9.25% annual), and trust services (Fideicomisos). The platform integrates credit, investment, and financial solutions designed to support business growth across different phases.
Differentiator
Problem solved
Functional benefit
Products and services
- Crédito Ágil Covalto (Agile Business Credit) A digital business credit product providing fast, collateral-free financing for SMEs through a 100% digital application and approval process with quick approval (example: $439,500.00 approved), without traditional guarantees.
- Factoraje (Factoring) Factoring service providing immediate cash in exchange for accounts receivable, enabling Mexican businesses to convert invoices into working capital and improve cash flow.
- Arrendamiento (Equipment Leasing) Equipment leasing solution allowing businesses to acquire necessary equipment without committing their working capital.
- Cuenta para Negocios (Business Account) Business checking account with digital banking features for managing business finances, designed for SME customers of Covalto.
- Cuenta para Personas (Personal Account) Personal banking account for individual customers of Covalto.
- Inversión (Investment Products) Fixed-rate investment products offering guaranteed yields, including a 9.25% annual rate at 3 years (GAT Nominal 8.49%, GAT Real 4.58%), 9.00% at 728 days, and 8.75% via the Payé product; minimum investment $5,000 MXN and IPAB-protected up to 400,000 UDIS.
- Fideicomisos (Trust / Fiduciary Services) Fiduciary services for trust arrangements (fideicomisos) provided by Banco Covalto as a multiple banking institution.
- Banca en Línea (Online Banking Platform) Online banking platform (bancaenlinea.covalto.com) for Covalto customers to manage accounts, transactions, and investments digitally.
Quantifiable outcome
- 100% sales scaling achieved within months for Maxikash
- +2 more outcomes
Companies that use Credijusto
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Credijusto technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Credijusto partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Google CloudcoreStrategic technology partnership focused on driving AI adoption across all levels of the organization. Covalto x Google Cloud initiative aims to implement advanced AI capabilities throughout the bank's operations and customer-facing services.
- IPAB (Instituto para la Protección al Ahorro Bancario)coreGovernment deposit insurance program that protects Covalto customer deposits and investments up to 400,000 UDIS per person, providing regulatory guarantee and customer trust.
- CONDUSEF (Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros)coreNational commission for the protection and defense of financial services users. Covalto is registered with CONDUSEF's Buró de Entidades Financieras, confirming regulatory compliance and transparency.
- CNBV (Comisión Nacional Bancaria y de Valores)coreNational Banking and Securities Commission - the main financial regulator overseeing Covalto's operations as a multiple banking institution (Institución de Banca Múltiple).
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Credijusto competitors and assessment
Company assessmentDirect peers
- Albo: Mexican neobank offering credit cards, deposits, and digital banking. Comparable product suite and target market, both positioning as full-service digital banks in Mexico.
- Stori: Mexican fintech offering credit cards and lending products to underserved consumers and small businesses. Comparable digital credit focus on underbanked segments in Mexico.
- Konfío: Mexican fintech providing digital credit, banking, and payment products to SMEs. Most directly comparable to Covalto's Crédito Ágil offering in serving underbanked Mexican businesses with collateral-free, digital-first lending.
- Nu México: Mexican operation of Latin American neobank Nubank, offering digital banking with credit and deposit products. Comparable digital-only positioning and target segment in Mexico.
- Klar: Mexican neobank offering digital banking with credit products and deposits. Similar regulated digital bank positioning and Mexican focus with comparable product breadth.
- Clip: Mexican fintech offering payments and working capital to SMBs. Comparable digital-first distribution to Mexican SMEs with credit products alongside payment rails.
- Mercado Pago: Mexican fintech ecosystem offering credit, payments, and banking services. Comparable breadth of financial products and SME/customer focus across the Latin American market.
Broad incumbents
- BBVA México: Largest Mexican commercial bank, increasingly digitizing. Major competitor in SME lending with established trust and broader portfolio across deposits, lending, and investments.
- Banorte: Major Mexican commercial bank offering full banking services. Established competitor with extensive distribution network and broad product portfolio.
- Banco Azteca: Mexican bank focused on underserved segments. Direct competitor in serving underbanked Mexicans with credit products, with comparable focus on financial inclusion.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Credijusto social profiles
Digital presenceCredijusto compliance and trust
Trust signalCompliance3 records
Credijusto financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credijusto leadership team
Management profileNumber of profiles
Credijusto funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credijusto M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Credijusto
What does Credijusto do?
Credijusto (operating as Covalto) is a regulated Mexican digital bank that provides collateral-free business credit (Crédito Ágil Covalto), invoice factoring (Factoraje), equipment leasing (Arrendamiento), business and personal deposit accounts, fixed-rate investment products, and fiduciary/trust services (Fideicomisos) through a 100% digital application and onboarding platform. The firm targets SMEs requiring fast working-capital financing without traditional guarantees and individual investors seeking IPAB-protected guaranteed-yield deposits, operating as Banco Covalto S.A., Institución de Banca Múltiple.
Is Credijusto a public or private company?
Credijusto is a private company. It is classified as corporate owned and is currently operating.
When was Credijusto founded?
Credijusto was founded in 2015. It employs 251 to 500 people.
Where is Credijusto based?
Credijusto is headquartered in Granada, Mexico, in the Latin America region.
How does Credijusto make money?
Four revenue lines are on record. Business Credit Products are the primary driver. The others are factoring Services, investment Products and equipment Leasing (Arrendamiento).
Who are Credijusto's main competitors?
Direct peers on record are Albo, Stori, Konfío, Nu México, Klar, Clip and Mercado Pago. Broad incumbents are BBVA México, Banorte and Banco Azteca.
Does Credijusto have an API?
No public API is recorded for Credijusto.
What industry is Credijusto in?
Credijusto's product category is Digital Banking. Its primary akta.pro industry code is FSAKAGAE, Supply Chain Finance (Trade Credit, PO/Inventory Financing), with a secondary code of FSABAHAD, Receivables Finance (Factoring, Invoice Discounting, Forfaiting). Its NAICS code is 5221 and its SIC code is 6021.