Tanner

What Tanner does

Tanner Servicios Financieros S.A. is Chile's largest non-bank financial institution, founded in 1993 (originally as Bifactoring) and headquartered at Huérfanos 863 in Santiago. The group operates across three core divisions: Tanner Automotriz (vehicle financing for individuals and enterprises, including Conventional, Inteligente, and Inteligente Flex plans with terms of 12–60 months, peer-to-peer financing via the Tanner ONE sub-brand, and enterprise fleet financing); Tanner Seguros (insurance brokerage distributing auto, life, health, SOAP, roadside, and business policies through partnerships with Liberty and Sura); and Tanner Investments (brokerage, advisory, and asset management through Tanner Corredores de Bolsa — founded 1924 and the oldest active broker in Chile — offering national and international fixed income, variable income, mutual funds, derivatives, and FX via Pershing LLC/BNY Mellon custody). It serves individual consumers, SMEs (PYMES), large enterprises, and investors through a digital-first platform featuring online customer portals, automated credit evaluation, and the newly launched Tanner Banco Digital (TBD), which received definitive CMF authorization in February 2025.

The company generates revenue from interest income on automotive and business financing, transaction-based commissions on insurance brokerage and factoring (domestic and international), and brokerage/advisory fees on investment products. Its business model combines direct-to-consumer digital origination with inside sales (SAC), physical presence in Santiago, and partner channels including the Nissan Tanner Financial Services joint venture (Credinissan, since 2022) for OEM-embedded auto lending. Ownership is concentrated under Grupo Massu via Inversiones Bancarias SpA (~64.5%), with the International Finance Corporation (World Bank) holding approximately 5.87%. Tanner achieved BBB- Investment Grade from S&P and Fitch in 2012 — the first non-bank financial entity in Latin America to do so — and has issued bonds in Chile, the United States, and Switzerland.

The company's technology stack centers on digital-first financial services: online customer portals for 24/7 account management, biometric-based Express Evaluation for credit decisions, and integrated payment processing. Tanner's distribution network spans digital (tanner.cl, tbd.cl, virtual.tanner.cl, clientes.tannerfs.cl), phone/email service center (SAC), a physical office in Santiago, embedded insurance through Liberty and Sura, and the Nissan Credinissan joint venture for OEM dealer financing. Workforce is 1,001–5,000 employees across headquarters and operating subsidiaries including Tanner Leasing, Tanner Corredora de Seguros, Tanner Investments SpA, Tanner Asset Management, and Tanner Banco Digital. The group is recognized as a pioneer in electromobility financing in Chile and has been named one of the 7 Best Companies to Work for Women in Chile (Great Place to Work, 2025).

Name

Tanner

Legal name

Tanner Servicios Financieros S.A.

Website

https://tanner.cl

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tanner Servicios Financieros is Chile's largest non-bank financial institution, providing automotive financing, insurance brokerage, investment services, and now digital banking to consumers, SMEs, large enterprises, and investors across Chile.

Ownership category

akta.pro rank

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Automotive Financing: Interest income from vehicle financing loans, including conventional credit, intelligent plans with flexible options, and financing between individuals
2. Insurance Brokerage: Commissions from selling insurance products including auto, life, health, assistance, SOAP, and business insurance through partnerships with Liberty and Sura
3. Investment Services: Brokerage fees and commissions from securities trading, investment advisory, and custody services through Tanner Corredores de Bolsa
4. Factoring Services: Factoring and confirming services for businesses, including domestic and international factoring
5. Corporate/Business Financing: Business financing solutions including fleet financing, capital solutions, and flexible payment plans for enterprises

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Tanner is a non-bank financial institution in Chile that provides automotive financing (conventional, intelligent, and intelligent flex plans, including electric vehicles and peer-to-peer vehicle financing), insurance brokerage (auto, life, health, SOAP, roadside/home assistance, and business insurance through partners Liberty and Sura), and investment services through Tanner Corredores de Bolsa (national and international fixed income, variable income, mutual funds, derivatives, FX). The firm also operates Tanner Banco Digital, factoring and confirming services, leasing, and corporate finance advisory for businesses.

Product overview

Tanner Servicios Financieros is a major Chilean non-bank financial institution offering a comprehensive suite of financial products and services. The portfolio is organized around three main divisions: Tanner Automotriz (automotive financing with Conventional, Inteligente, and Inteligente Flex plans, plus individual-to-individual and enterprise financing), Tanner Seguros (insurance products including auto, life, health, roadside assistance, SOAP, and business insurance through partner providers Liberty and Sura), and Tanner Investments (investment services through its stock brokerage and advisory arms including national and international fixed/variable income, mutual funds, derivatives, and currency trading). The ecosystem also includes sub-brands Tanner ONE for peer-to-peer vehicle financing, Tanner Banco Digital for digital banking, and Tanner Corredora de Bolsa for securities brokerage. The company operates Pershing LLC for international custody and DCV for domestic asset custody.

Differentiator

Problem solved

Functional benefit

Brands

• Tanner ONE: Solution for buying, selling and financing vehicles in a easy, safe, fast and personalized manner when buying from another person privately.
• Tanner Banco Digital (TBD)
• Credinissan

Products and services

• Tanner Automotriz (Vehicle Financing) Automotive financing products offering Conventional Plan (12-60 month fixed installments), Inteligente Plan (flexible installments with renewal option), and Inteligente Flex Plan (renewable every 2-3 years). Available for individuals, SMEs, and enterprises, including electric vehicles and individual-to-individual purchases.
• Tanner ONE Vehicle financing solution for buying, selling, and financing vehicles between private individuals, offering a safe, fast, and personalized experience for peer-to-peer transactions.
• Tanner Banco Digital (TBD) Digital banking subsidiary providing digital-first banking services and enterprise customer banking experience.
• Tanner Corredores de Bolsa (Brokerage) Stock brokerage subsidiary, member of Bolsa de Comercio de Santiago and Bolsa Electrónica de Chile, offering local and international investment products, fixed income, variable income, mutual funds, derivatives, and foreign exchange services.
• Tanner Asesoría e Inversiones (Corporate Finance Advisory) Corporate finance advisory including asset and liability structuring, mergers and acquisitions (M&A), financing solutions, and real estate management for corporate clients.
• Tanner Seguros (Insurance Brokerage) Insurance brokerage offering auto, life, health, SOAP (mandatory accident), roadside and home assistance, unemployment, and business insurance through partner providers Liberty and Sura.
• Tanner Leasing Leasing services offered through wholly-owned subsidiary Tanner Leasing S.A.
• Factoring and Confirming Services Domestic and international factoring and confirming services for businesses, helping convert receivables into working capital.
• Tanner Asset Management Asset management subsidiary distributing third-party investment funds.
• Nissan Tanner Financial Services (Credinissan) Joint venture with Nissan Chile providing automotive financing for Nissan vehicles in Chile under the Credinissan brand.

Quantifiable outcome

• Over 90,000 clients served in the last year
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Nissan ChilecoreStrategic or Co-development Partner · 1 January 2022Joint venture partnership forming Nissan Tanner Financial Services (operating as Credinissan) for the financing of Nissan vehicles in Chile. This partnership consolidates the relationship between the two companies for automotive financing services.
• Pershing LLC (Bank of New York Mellon)coreTechnology or IntegrationInternational custody partner for Tanner Investments. Pershing LLC, a subsidiary of Bank of New York Mellon (BNY Mellon), provides custody, brokerage, and settlement services for international financial instruments.
• Liberty SegurosminorChannel Partner/ Reseller/ DistributorInsurance partner offering auto insurance products through Tanner's insurance platform. Liberty is one of the two insurance companies available for automotive insurance through Tanner.
• Sura ChileminorChannel Partner/ Reseller/ DistributorInsurance partner offering auto insurance products through Tanner's insurance platform. Sura is one of the two insurance companies available for automotive insurance through Tanner.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Banco Ripley: Chilean consumer-focused bank spun out of Ripley retail. Closely comparable to Tanner in target customer (mass-market consumer), credit-led model, and Chilean regulation by CMF.
• General Motors Financial: Global captive auto finance arm of GM with operations across Latin America. Directly comparable to Tanner in product (vehicle financing) and customer (vehicle buyers and dealers).
• Toyota Financial Services: Captive auto finance arm of Toyota with Chilean operations. Directly comparable to Tanner's Nissan JV (Credinissan) and broader vehicle financing book.
• Falabella: Chilean retail conglomerate that operates CMR, one of the largest consumer credit and financing platforms in Chile. Directly comparable to Tanner as a non-bank consumer/SMB credit provider with a nationwide distribution network.
• Ford Credit: Captive auto finance subsidiary of Ford with Latin American operations. Comparable to Tanner's automotive financing division in target customer and product structure.

Broad incumbents

• Banco Santander Chile: Large Chilean bank with consumer credit, auto financing, and investment products. Directly comparable to Tanner's consumer and SMB lending focus, though as a deposit-funded universal bank.
• Banco Internacional: Chilean commercial bank serving medium-sized companies with cash management, factoring, and trade finance. Overlaps with Tanner's factoring and corporate financing division.
• BCI (Banco de Crédito e Inversiones): Major Chilean universal bank with strong corporate, treasury, and consumer businesses. Relevant to Tanner because BCI competes for the same corporate financing, factoring, and high-net-worth investment clients.
• Scotiabank Chile: One of the largest full-service banks in Chile, with active consumer and auto financing operations. Comparable to Tanner's auto-financing business line, though as a regulated bank with deposit funding.
• Cencosud: Chilean-founded multi-format retailer with a significant financial services arm (Cencosud Scotiabank and retail credit cards). Comparable as a Chilean retail-credit and payments franchise overlapping Tanner's consumer credit focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TannerSF
• LinkedInlinkedin.com/company/tannercl
• Instagraminstagram.com/tanner_chile

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Tanner