Alfin Banco

Name

Alfin Banco

Legal name

Alfin Banco S.A.

Website

https://alfinbanco.pe

Company type

Private

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Credit Card Issuing (52221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Retail banking services
• Personal loan products
• Business banking services
• Banking-as-a-service platform
• Savings and deposits

Headquarters

HQ city

Lima

HQ country

Peru

HQ region

Latin America

Offices44 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Primary revenue from personal loans, business loans, vehicle financing, and mortgage loans. Interest rates vary by product and customer profile.
2. Deposit Interest: Interest paid to depositors on savings accounts, time deposits, and other deposit products.
3. Insurance Distribution: Commissions from selling insurance products including desgravamen, vida, and protección products.
4. Service Fees: Fees for services including wire transfers, account maintenance, and other banking services.
5. BaaS Platform Fees: Revenue from fintech partners using banking APIs for Pay In, Pay Out, and account opening services.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Alfin Banco is a Peruvian commercial bank that provides retail and business banking services including personal loans (PrestAltoke, Crédito Mujer, vehicle-secured loans), savings accounts (AhorroMeta, Cuenta Día a Día), fixed-term deposits, Visa debit cards, and a broad suite of insurance products. It also operates a Banking-as-a-Service (BaaS) platform with APIs (Pay In, Pay Out, Account Opening) for fintechs and enterprises, distributed through 41+ branches, digital channels, and partner retail locations.

Product overview

Alfin Banco is a Peruvian financial institution offering a multi-product banking platform organized into two main segments: retail banking (Banca Persona) and business banking (Banca Empresa). The retail portfolio includes personal loans (PrestAltoke, Credialtoque, Préstamo de Libre Disponibilidad, Crédito Mujer, Préstamo Consumo), savings and deposit accounts (AhorroMeta in soles and dollars, Cuenta Día a Día in soles and dollars, Depósito a Plazo Fijo, Ahorro Max), debit cards (physical Visa and digital/virtual), a digital wallet integrated with Plin, and a broad suite of insurance products covering life, credit life (desgravamen), financial protection, and health. Business banking provides current accounts for legal entities, Carta Fianza (guarantee letters), working capital financing, factoring, medium-term financing, syndicated credits, and escrow accounts. The bank also operates a Banking-as-a-Service (BaaS) platform with APIs for Pay In, Pay Out, and account opening, targeting fintechs and enterprises. Customers are served through physical agencies, a mobile app, online banking, and a dedicated loan platform at prestamos.alfinbanco.pe.

Differentiator

Problem solved

Functional benefit

Brands

• PrestAltoke: Quick personal loans service with only DNI required
• Credialtoque
• AhorroMeta
• BaaS

Products and services

• PrestAltoke Quick personal loan product accessible with just a DNI (national ID), targeting customers needing fast access to credit.
• Credialtoque Refinancing/debt consolidation loan that allows customers to pay off existing debts and use the remaining balance for other needs.
• Préstamo de Libre Disponibilidad Personal consumption loan with no specific designated use; borrowers can use funds at their discretion.
• Crédito Mujer Loan product targeted at women entrepreneurs and business owners, designed to support their financial needs.
• Préstamo Consumo General-purpose consumer loan for personal consumption expenses.
• PrestAhorro Loan product for customers with no prior credit history or those needing to build credit, with amounts from S/1,500 to S/5,000, payable up to 24 months, where savings generate interest.
• AhorroMeta Goal-based savings account in Peruvian soles that helps customers save toward specific financial targets with competitive interest rates.
• AhorroMeta Dólares Dollar-denominated goal-based savings account, mirroring the AhorroMeta concept but for savings in US dollars.
• Cuenta Día a Día Soles Day-to-day savings account in soles with no maintenance fees, designed for daily banking and frequent transactions.
• Cuenta Día a Día Dólares Dollar-denominated day-to-day savings account for customers who prefer to hold and manage US dollar savings.
• Depósito a Plazo Fijo Fixed-term deposit product offering competitive interest rates (5.75% TREA in soles, 3.75% TREA in dollars), with flexible terms from 30 to 1,080 days and monthly or end-of-term interest payment options.
• Tarjeta Débito Física Alfin Physical Visa debit card linked to the customer's savings account, accepted at thousands of domestic and international merchants with no monthly maintenance fee.
• Tarjeta Débito Digital Alfin Virtual/digital debit card issued immediately upon digital account opening, for online transactions and digital payments.
• Billetera Digital Alfin / Plin Digital wallet service integrated with Plin for QR code-based mobile payments and peer-to-peer transfers.
• Seguro Familia Total Life and family protection insurance covering natural death, accidental death, and total/permanent disability due to illness or accident.
• Seguro Vida Fácil Life insurance product offering simplified enrollment and flexible coverage.
• Seguro Desgravamen Plus Credit life insurance covering the outstanding loan balance upon death or total permanent disability, offered to business and retail banking customers.
• Seguro Desgravamen Plus con Devolución Credit life insurance with premium return feature if no claim is made during the loan term.
• Seguro Deuda Protegida Plus Enhanced debt protection insurance with broader coverage for loan obligations.
• Seguro Vida Plus Enhanced life insurance offering additional benefits beyond basic life coverage.
• Seguro Plus Salud Health insurance add-on providing coverage for medical expenses and health-related events.
• Giros y Envíos de Dinero Money transfer and remittance service for sending and receiving funds domestically and internationally via partners such as Western Union.
• Transferencias Inmediatas Instant interbank transfer service for real-time fund transfers between banks.
• Compra y Venta de Dólares Currency exchange service allowing customers to buy and sell US dollars.
• Cuenta Corriente Persona Jurídica Business current account for legal entities (corporate customers), providing transaction banking capabilities.
• Carta Fianza Guarantee letter (surety bond) service for businesses requiring financial guarantees for contracts or obligations.
• Capital de Trabajo Working capital financing for businesses to fund day-to-day operational needs.
• Factoring Factoring service allowing businesses to sell their accounts receivable for immediate cash flow.
• Financiamiento de Mediano Plazo Medium-term business financing for investments, equipment, or expansion needs.
• Créditos Sindicados Syndicated loan product where multiple lenders pool funds to provide large-scale credit to borrowers.
• Cuenta Escrow Escrow account service for businesses and individuals requiring a neutral third-party account for holding funds during transactions.
• BaaS (Banking-as-a-Service) A BaaS platform allowing fintechs and enterprises to create, design, and offer customized financial products through APIs for Pay In, Pay Out, and account opening, leveraging the bank's regulatory infrastructure.
• App Móvil Alfin Banco Mobile banking application available on Google Play and the App Store, enabling customers to perform all banking operations from their mobile devices.
• Banca por Internet Online banking platform for both retail (personas) and business (empresas) customers.

Quantifiable outcome

• Depósito a Plazo Fijo rate: 5.75% TREA in soles, 3.75% in dollars
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Integra RetailminorOthersPart of of Grupo Coril ecosystem. Integra Retail provides services for the sale of appliances and technology, contributing to Alfin Banco's merchant ecosystem and customer acquisition channels.
• Visa International PerucoreTechnology or IntegrationProvides payment processing infrastructure for Alfin Banco's debit cards, enabling acceptance at millions of Visa terminals worldwide.
• NiubizcoreTechnology or IntegrationPayment collection partner providing point-of-sale (POS) network integration for merchant payments and transactions.
• IZIPAY (Procesos de Medios de Pago S.A.)coreTechnology or IntegrationCard issuance and personalization services provider for Alfin Banco's debit cards.
• RENIECcoreTechnology or IntegrationNational Identity Registry providing identity verification services for customer onboarding and KYC compliance.
• America Movil Peru S.A.C.minorGTM or Marketing PartnerPartnership for benefits through commercial agreements, potentially including mobile operator promotions.
• EQUIFAX PerucoreTechnology or IntegrationProvides home and employment verification services for credit evaluation and customer due diligence.
• Microsoft AzurecoreTechnology or IntegrationCloud hosting provider for Alfin Banco's digital infrastructure and services, located in the United States with appropriate data protection measures.
• Grupo Coril EcosystemcoreStrategic or Co-development PartnerGrupo Coril includes multiple financial entities: Grupo Coril Sociedad Agente de Bolsa S.A. (stock brokerage), Grupo Coril Administradora de Fondos S.A. (investment fund management), Grupo Coril Sociedad Titulizadora S.A. (securitization), and Corpfid Corporación Fiduciaria S.A. (fiduciary services). These entities share data and provide complementary financial services.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• BBVA Perú: Global bank operating a top-tier Peruvian retail and SME franchise. Comparable product set (deposits, personal loans, business banking) but with international funding access and brand scale far exceeding Alfin.
• Banco de Crédito del Perú (BCP): Peru's largest commercial bank, offering full retail, SME, corporate, and digital (Yape) banking. Directly comparable on retail deposits, personal loans, and digital channels, but at materially larger scale.
• Scotiabank Perú: Major Peruvian commercial bank with retail and corporate banking, comparable across consumer loans, deposits, and cards. Larger and more diversified geographically and by product mix.

Emerging players

• Yape (BCP): Peru's leading digital wallet, operated by BCP. Competes with Alfin's Billetera Digital/Plin offering for instant payments and P2P transfers, and represents the digital neobank model Alfin is partly defending against with its hybrid approach.

Direct peers

• Compartamos Banco (Peru): Microfinance and SME-focused bank in Peru (Gentera group). Competes with Alfin's SME and micro-entrepreneur lending segments, with similar customer profiles and credit methodologies.
• Banco Pichincha Perú: Peruvian commercial bank with focus on SMEs and microfinance, similar to Alfin's Banca Empresa segment. Competes directly for working capital loans, factoring, and small-business banking customers.
• Banco Falabella Perú: Retail-bank affiliate of Falabella department stores, focused on consumer credit and store-linked cards. Comparable on consumer loan distribution through retail partnerships, similar in concept to Alfin's Carsa partnership.
• Interbank: Full-service Peruvian commercial bank with strong retail and SME franchises. Competes head-to-head with Alfin in personal loans, savings, debit cards, and consumer credit products.
• Banco Azteca Perú: Retail-focused bank in Peru serving mass-market consumers with credit and savings products. Comparable on underbanked-segment targeting, branch-led distribution, and personal loan underwriting.
• Mibanco (Banco de la Microempresa): Peru's leading microfinance bank focused on small entrepreneurs and informal-sector borrowers. Closest peer to Alfin's PrestAltoke and micro-consumo loan products in target customer and risk profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AlfinBanco
• Xx.com/AlfinBanco

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Alfin Banco