AdCap

What AdCap does

AdCap Securities Argentina S.A., operating as AdCap Grupo Financiero, is a privately held Argentine financial services firm headquartered in Buenos Aires (Ortiz de Ocampo 3220, Piso 4°, C1425, CABA). Founded in 2009 as Advanced Capital Securities by three partners to distribute Argentine sovereign bonds, the firm rebranded in 2018 and expanded by 2019-2020 into a multi-line financial group offering Capital Markets issuance, Global Markets trading, Working Capital Financing, Cash Management and Treasury, and Asset Management services. It serves two primary segments — Empresas e Instituciones (corporate and institutional clients) and Individuos (individual investors) — through a hybrid of direct enterprise sales, a self-serve customer portal, a producer/agent network, a dedicated Wealth Management division for high-net-worth clients, and an embedded B2B2C channel via Banza.

AdCap holds six multi-agency registrations as an official agent in Argentine capital markets infrastructure: CNV N°148 (Integral Liquidation and Compensation), CNV N°1 and N°119 (Mutual Fund Placement and Distribution), MAE N°648, Matba Rofex N°323, and BYMA N°97. Self-reported scale includes ARS 2.8 billion in assets under administration, ARS 2.3 billion in peso financing operations executed during 2025, ARS 6.5 billion in primary capital market issuances, and 880 corporate clients. Revenue is generated primarily through transaction fees across financing, capital markets, global markets trading, treasury/cash management, and asset management lines; institutional pricing is quote-based and not publicly disclosed.

The technology stack centers on an API Broker product (Python/FastAPI/REST) that enables digital wallets and fintech platforms to embed direct access to stocks, bonds, CEDEARs, mutual funds (FCI), and MEP dollar. The Banza mobile app provides consumer-facing access, and onboarding is supported by facial-recognition identity verification integrated with Argentina's national digital identity system (SID/RENAPER), including PDF417 and MRZ document reading. The firm is privately held with no disclosed parent company, no external institutional investment, no funding rounds disclosed, and Javier Timerman publicly identified as Managing Partner.

Name

AdCap

Legal name

AdCap Securities Argentina S.A.

Website

https://ad-cap.com.ar

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

AdCap Securities Argentina is a privately held, Buenos Aires-based integrated financial group offering brokerage, capital markets, asset management, and treasury services to Argentine corporates, institutions, and individual investors through multi-channel distribution including an API Broker for fintech embedding.

Ownership category

akta.pro rank

Product category

Securities Brokerage & Capital Markets

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Bond Auction & Primary Issuance Platforms (FSAFACAH)

akta.pro secondary industries

Auction & Primary Issuance Platforms (IPO/Follow-on/Bond Auctions) (FSAFANAI), Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

Keywords

• Capital markets services
• Asset management funds
• Wealth management advisory
• Corporate financing solutions
• Brokerage trading services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Working Capital Financing: Financing operations in pesos for businesses to support working capital needs.
2. Capital Markets Services: Primary emissions in capital markets including debt instruments, equity, and other financial products. Manages integral issuance and management of capital and debt instruments.
3. Global Markets Trading: Access to global markets with trading solutions, market analysis, and financial risk management.
4. Cash Management and Treasury: Treasury management solutions and enterprise banking services.
5. Asset Management: Professionally managed fund family and Asset as a Service solutions integrating financial expertise, operational efficiency, and technology. Includes placement and distribution of mutual funds (FCI).

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

AdCap is an Argentine financial services group that provides capital markets issuance and advisory (debt and equity), global markets trading and market analysis, working capital financing, cash management and treasury, asset management through mutual funds (FCI), and wealth management. It complements these with an in-house technology layer — the API Broker for B2B integration of capital market access and the Banza mobile app for individual investors — serving both corporate/institutional clients and individuals.

Product overview

AdCap Grupo Financiero operates as an integrated financial services group offering both B2B technology products and B2C investment platforms. The product portfolio spans three main areas: (1) API Broker — a B2B API product that enables digital wallets and platforms to embed capital market access for their users; (2) Banza Mobile — a consumer-facing mobile app for individual investors to operate on funds, bonds, and stocks; and (3) Adcap Asset Management — a professional fund management sub-brand offering managed investment funds (FCI) and Asset-as-a-Service. Underpinning the B2C offering are additional business solutions including Capital Markets (debt and equity issuance), Global Markets (trading and risk management), Working Capital Financing, and Cash Management & Treasury services for corporate clients. The company also operates a proprietary trading infrastructure layer (Banza) serving individual investors.

Differentiator

Problem solved

Functional benefit

Brands

• Adcap Asset Management: Investment opportunities through professionally managed fund families and Asset as a Service solutions, integrating financial expertise, operational efficiency, and technology.
• API Broker

Products and services

• Working Capital Financing Short-term financing solution for corporate and institutional clients to manage operational liquidity needs.
• Capital Markets (Debt and Equity Issuance) Primary issuance and advisory for debt and equity instruments in Argentine capital markets, executed via AdCap's ALyC registration across BYMA, MAE, and Matba Rofex.
• Global Markets Trading, market analysis, and risk management services across Argentine exchanges for corporate and institutional clients.
• Cash Management and Treasury Treasury and cash management solutions for corporate clients to optimize liquidity and short-term investments.
• Wealth Management Personalized wealth management advisory for individual clients, with portfolio construction and investment guidance.
• Asset Management (FCI Mutual Funds) Professional management of mutual funds (FCI) for individuals and institutions, accessed via the asset.ad-cap.com.ar platform.
• API Broker B2B API allowing fintechs and brokers to embed AdCap's capital market access and execution capabilities into their own platforms.
• Banza Mobile Mobile application for individual investors to access AdCap's investment products and account management.
• Customer Portal (ce.ad-cap.com.ar) Self-serve online portal where individual clients can view and operate their accounts and investments.

Quantifiable outcome

• +2.8 Billones in assets under administration
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature2 records

Partnerships

Nine partnerships are on record, tiered core.

• Comisión Nacional de Valores (CNV)coreOthersPrimary securities regulator in Argentina. AdCap is registered as Agente de Liquidación y Compensación Integral N°148, Agente de Colocación y Distribución de Fondos Comunes de Inversión N°1 and N°119 under CNV oversight.
• BYMA (Bolsa y Mercado de Valores Argentinos)coreOthersArgentina's primary stock exchange. AdCap is registered as BYMA Agent N°97 enabling trading and settlement of securities on the exchange.
• MAE (Mercado Abierto Electrónico)coreOthersElectronic open market for financial instruments. AdCap operates as MAE Agent N°648 providing access to this trading venue.
• Matba RofexcoreOthersFutures and options exchange. AdCap is registered as Matba Rofex Agent N°323 for futures and derivatives trading.
• Banco Central de la República ArgentinacoreOthersCentral bank and monetary authority. AdCap operates under BCRA regulations for financial market operations.
• Cámara Argentina de Fondos Comunes de InversióncoreOthersArgentine chamber for mutual funds. AdCap is a registered placement and distribution agent for mutual funds under CAFCI affiliation.
• Cámara de Agentes de BolsacoreOthersChamber of stock brokerage agents. AdCap maintains membership as a registered brokerage agent in Argentina.
• BanzacoreChannel Partner/ Reseller/ DistributorDigital banking platform. AdCap provides capital market access to Banza users through white-label integration, enabling users to invest in funds, bonds, and stocks via the Banza mobile app.
• Caja de ValorescoreOthersCentral securities depository in Argentina. AdCap provides link for customers to check holdings through Caja de Valores investor portal.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Invertir Online (IOL): One of Argentina's largest online brokerages serving retail investors with stocks, bonds, and mutual funds. Comparable to AdCap's Banza mobile offering and self-serve trading platform.
• Balanz Capital: Argentinian brokerage and asset manager offering trading, mutual funds, and wealth management to retail and institutional clients. Closest direct competitor to AdCap with similar multi-product platform and digital onboarding.
• Portfolio Personal de Inversiones (PPI): Leading Argentine retail brokerage and asset manager with strong digital platform. Competes directly with AdCap in primary market placements and mutual fund distribution.
• Bull Market Brokers: Argentine online brokerage offering equity, fixed income, and derivative trading with comparable CNV and MAE registrations. Comparable scale and target customer base to AdCap.
• IOL invertironline: Argentine digital brokerage with strong retail focus and self-service platform. Direct comparator for AdCap's Banza mobile app and online trading proposition.
• Cohen: Argentinian financial group with brokerage, asset management, and corporate services. Similar mid-market positioning to AdCap with focus on high-net-worth and institutional clients.

Broad incumbents

• Banco Galicia: One of Argentina's largest private banks with a brokerage and asset management arm (Galicia Asset Management). Competes with AdCap in capital markets and corporate services but has a much broader deposit and lending franchise.
• Macro Securities: Brokerage arm of Banco Macro, one of Argentina's largest universal banks. Provides trading, capital markets, and asset management competing with AdCap's institutional services.
• XP Inc. Brazilian financial powerhouse with a similar model of integrated brokerage, asset management, and capital markets services. Relevant for AdCap's full-stack strategy and embedded fintech distribution, though at far larger scale.
• StoneX: Global financial services firm with execution, clearing, and FX capabilities. Comparable to AdCap's Global Markets and Capital Markets divisions, though at much larger international scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AdcapArg
• LinkedInlinkedin.com/company/adcap-securities
• Instagraminstagram.com/adcap.arg
• TikToktiktok.com/@adcaparg

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 AdCap