Credijusto

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.

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

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

• Business credit
• Digital banking
• Invoice factoring
• Equipment leasing
• Fixed-term investments

Headquarters

HQ city

Granada

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Business Credit Products: Revenue generated from interest and fees on credit products including Crédito Ágil Covalto (agile business credit), structured credit, and equipment financing
2. Factoring Services: Immediate cash in exchange for accounts receivable, generating fees and interest on short-term financing
3. Investment Products: Fixed-rate investment products (9.25% annual at 3 years) where the bank acts as intermediary, generating spread income
4. Equipment Leasing (Arrendamiento): Equipment leasing solutions providing capital without compromising customer capital

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core 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

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Google CloudcoreTechnology or Integration · 1 January 2025Strategic 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)coreOthersGovernment 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)coreOthersNational 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)coreOthersNational 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

Direct 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

• LinkedInlinkedin.com/company/credijusto

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Credijusto