ABC Capital
ABC Capital is a Mexican bank acquired by Argentine fintech Ualá in May 2023, now operating as Ualá's licensed banking entity in Mexico. It offers consumer banking products—credit and debit cards, personal loans, savings, and investments—to over 10 million users.
- Company typePrivate
- Founded2008
- HeadquartersMexico City, Mexico
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What ABC Capital does
ABC Capital is a Mexican regulated bank headquartered in Mexico City, founded in 2008. It was acquired by Argentine fintech Ualá in May 2023, with the explicit strategic purpose of transferring full banking authorization from Mexico's CNBV to Ualá so that the company could launch its own balance-sheet banking products in Mexico rather than distribute third-party-licensed offerings. Following the acquisition, ABC Capital operates as the regulated banking entity within Ualá's Mexican group, and the legacy abcbxi.abccapital.com.mx portal continues serving existing customers under Ualá's oversight.
The combined Ualá Mexico platform delivers a mobile-first consumer banking suite: no-annual-fee credit and debit cards (with 10% cashback on the credit card), personal loans, SME credit (Crédito pyme), a savings account paying 16% yield, term deposits (Reserva a Plazo), and equity investing starting from $20. Deposits are protected by IPAB, the Mexican deposit insurance body. The platform also extends to merchants via the Ualabis brand, offering POS Pro terminals, installment plans of up to 18 months without interest, and dedicated services for legal-entity clients.
Ualá claims more than 10 million users trust its platform and the app holds a 4.5-star rating across app stores with over 150,000 ratings. Customer support runs through in-app chat (weekdays 8-21, weekends 8-16), phone (800-774-0774 / +1-855-273-5945), and email ([email protected]). Leadership includes CFO Jose Garcia Yante; former CEO Jason "Jay" Walsh was fined $350,000 by Pennsylvania's attorney general in November 2025 for violating a property-management settlement, an item unrelated to ABC Capital's Mexican operations. No public revenue or pricing disclosures exist for ABC Capital.
ABC Capital firmographics
Firmographics- Name
- ABC Capital
- Legal name
- ABC Capital
- Website
- https://abccapital.com.mx
- Company type
- Private
- Founded year
- 2008
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- ABC Capital is a Mexican bank acquired by Argentine fintech Ualá in May 2023, now operating as Ualá's licensed banking entity in Mexico. It offers consumer banking products—credit and debit cards, personal loans, savings, and investments—to over 10 million users.
- Ownership category
- akta.pro rank
ABC Capital industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), Personal Credit Institutions (6141)
- akta.pro primary industry
- BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)
Keywords
Where ABC Capital is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Markets served
ABC Capital 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
ABC Capital product offering
Product offeringCore offering
ABC Capital was a Mexican banking institution that operated as a licensed bank providing banking services to clients in Mexico. Following its acquisition by Argentine fintech Ualá in May 2023, the company's banking licenses were integrated into Ualá, and the legacy ABC Capital brand now functions as a regulatory entity and online banking portal serving existing customers under Ualá's oversight.
Product overview
ABC Capital was a Mexican banking institution that was acquired by Ualá in May 2023. Following the acquisition, ABC Capital's banking infrastructure and licenses were integrated into Ualá's operations, enabling Ualá to obtain a full banking license from Mexico's CNBV. The legacy ABC Capital brand appears to serve as a regulatory entity and online banking portal for existing customers, with Ualá now operating as the primary consumer-facing banking platform offering credit cards, debit cards, personal loans, business credit, savings accounts, and investment products. The ABC Capital online banking interfaces (abcbxi.abccapital.com.mx) continue to provide banking services to customers under Ualá's oversight.
Differentiator
Problem solved
Functional benefit
Products and services
- ABC Capital Online Banking Services
Companies that use ABC Capital
Customer profileIdeal customer profiles2 records
ABC Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ABC Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- UalácoreArgentine fintech Ualá acquired Mexico's ABC Capital in May 2023. The acquisition provided Ualá with the necessary banking licenses to operate as a full banking services provider in Mexico, enabling the company to develop and launch its own banking services rather than relying on licensed third-party products. Following the acquisition, Ualá received full banking authorization from CNBV and rebranded ABC Capital operations under Ualá's banking entity.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
ABC Capital competitors and assessment
Company assessmentDirect peers
- Klar: Mexican digital bank offering deposits, debit/credit cards, and personal credit to underbanked consumers. Comparable to ABC Capital in customer segment and product breadth, with a similar digital-first go-to-market.
- Ualá (parent): Argentine fintech parent that acquired ABC Capital; the combined entity is now the operating Mexican bank. Included as the parent and direct strategic counterpart whose platform, brand, and capital underpin ABC Capital's forward trajectory.
- Mercado Pago: Fintech arm of Mercado Libre offering accounts, cards, credit, and merchant acquiring in Mexico. Comparable to Ualá/ABC Capital on combined consumer + merchant fintech play, with a similarly broad retail product suite.
- Hey Banco: Mexican neobank spun out of BanRegio, offering accounts, cards, loans and investments. Closely comparable to ABC Capital as a Mexico-focused regulated neobank targeting mainstream retail customers.
- Albo: Mexico-based neobank offering accounts, cards, personal loans, and investments. Comparable to ABC Capital as a Mexican regulated digital bank focused on consumer credit and deposits.
- NuBank Mexico (Nubank): Latin America's largest neobank, operating in Mexico with credit cards, personal loans, deposits, and investments. Directly comparable to ABC Capital/Ualá on product set, target customer (underbanked Mexican consumers), and digital-first operating model.
- Spin by OXXO (Spin Premium): Femsa-backed digital account/card product tied to the OXXO convenience-store network in Mexico. Overlaps with ABC Capital on debit accounts, payments, and underbanked customer acquisition via a massive physical distribution footprint.
Broad incumbents
- BBVA México: One of Mexico's largest incumbent commercial banks with full deposit, lending, card, and investment products. Comparable as the traditional incumbent against which ABC Capital/Ualá is competing for mainstream retail and SME customers.
Emerging players
- Nu México (Banorte's neobank): Digital-only brand launched by Grupo Financiero Banorte to compete with neobanks. Comparable to ABC Capital/Ualá as an incumbent-bank response in the same Mexican retail-banking segment.
Regional players
- NuBank Argentina (parent comparison): Argentine operations of Nubank and direct predecessor competitor to Ualá in Ualá's home market. Relevant because it shows the neobank playbook Ualá/ABC Capital must counter as it expands in Mexico.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights5 records
Customer concentration
ABC Capital social profiles
Digital presenceABC Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
ABC Capital leadership team
Management profileNumber of profiles
Profiles1 record
ABC Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ABC Capital 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 ABC Capital
What does ABC Capital do?
ABC Capital was a Mexican banking institution that operated as a licensed bank providing banking services to clients in Mexico. Following its acquisition by Argentine fintech Ualá in May 2023, the company's banking licenses were integrated into Ualá, and the legacy ABC Capital brand now functions as a regulatory entity and online banking portal serving existing customers under Ualá's oversight.
Is ABC Capital a public or private company?
ABC Capital is a private company. It is classified as corporate owned and is currently acquired.
When was ABC Capital founded?
ABC Capital was founded in 2008. It employs 501 to 1,000 people.
Where is ABC Capital based?
ABC Capital is headquartered in Mexico City, Mexico, in the Latin America region.
Who are ABC Capital's main competitors?
Direct peers on record are Klar, Ualá (parent), Mercado Pago, Hey Banco, Albo, NuBank Mexico (Nubank) and Spin by OXXO (Spin Premium). BBVA México is listed as a broad incumbent. Nu México (Banorte's neobank) is listed as an emerging player. NuBank Argentina (parent comparison) is listed as a regional player.
Does ABC Capital have an API?
No public API is recorded for ABC Capital.
What industry is ABC Capital in?
ABC Capital's product category is Retail Banking. Its primary akta.pro industry code is FSAGALAA, BaaS Platforms & Sponsor Bank Enablement. Its NAICS code is 52211 and its SIC code is 6021.