Afore Azteca
- Company typePrivate
- Founded2002
- HeadquartersTlalpan, Mexico
- Headcount51–100
- GTM typeB2C
- OfferingServices
Afore Azteca firmographics
Firmographics- Name
- Afore Azteca
- Legal name
- Afore Azteca
- Website
- https://aforeazteca.com.mx
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Afore Azteca industry classification
Industry- Product category
- Retirement and Pension Fund Administration
- NAICS
- Pension Funds (525110)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF)
- akta.pro secondary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where Afore Azteca is headquartered
LocationHeadquarters
- HQ city
- Tlalpan
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Afore Azteca business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Pension Fund Administration Fees: Afore Azteca earns returns on assets under management (AUM) from the mandatory pension contributions of Mexican workers affiliated with IMSS and ISSSTE. Afores in Mexico generate revenue through management fees charged on the total worker savings held in individual retirement accounts.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Afore Azteca product offering
Product offeringCore offering
Afore Azteca administers mandatory and voluntary pension savings for Mexican workers affiliated with IMSS and ISSSTE under the country's Sistema de Ahorro para el Retiro. It manages individual retirement accounts, processes voluntary contributions, and handles unemployment withdrawals (Retiro por Desempleo) through the Afore Web portal, the App BAZ mobile application, QR-based workflows, and Banco Azteca's nationwide branch network.
Product overview
Afore Azteca operates as a pension fund administrator (AFORE) in Mexico's retirement savings system (SIEFORES). The company offers a platform-based architecture centered on the individual account product (Cuenta Individual), which allows Mexican workers to manage their mandatory and voluntary pension contributions. The core platform is complemented by multiple access channels: Afore Web for desktop users, App BAZ for mobile access, and QR-based voluntary contributions. Service modules include unemployment withdrawal processing for both IMSS and ISSSTE-affiliated workers, balance inquiry, and the Bienestar Financiero financial education program. The company positions itself as serving 'Mexicanos como tú' (Mexicans like you), emphasizing accessibility and mass-market appeal.
Differentiator
Problem solved
Functional benefit
Products and services
- Cuenta Individual (Individual Pension Account)
- Afore Web Web-based self-service platform enabling Mexican workers to manage their pension account from a desktop, view statements, and perform transactions online.
- App BAZ (Mobile Application) Mobile application for accessing pension account services, balance inquiries, voluntary contributions, and unemployment withdrawal processing via smartphone.
- Aportaciones Voluntarias (Voluntary Contributions via QR) Service for Mexican workers to make additional voluntary contributions to their individual pension accounts using QR code workflows.
- Retiro por Desempleo (Unemployment Withdrawal) Service allowing eligible workers affiliated with IMSS or ISSSTE to access partial pension funds during periods of unemployment, processed through App BAZ and branch channels.
Companies that use Afore Azteca
Customer profileSegments2 records
Ideal customer profiles2 records
Afore Azteca technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Afore Azteca partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Banco AztecacoreAfore Azteca operates as part of the Banco Azteca/Grupo Salinas financial ecosystem. Services are delivered through Banco Azteca's extensive branch network, and the BAZ mobile app is downloadable from Banco Azteca infrastructure. Afore Azteca and Banco Azteca share branding and distribution channels.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Afore Azteca competitors and assessment
Company assessmentBroad incumbents
- Empower Retirement: Large U.S. retirement plan administrator serving defined-contribution workplace plans with account administration, web/app tools, and similar AUM-fee economics to Afore Azteca's mandatory-contribution model.
- Voya Financial: U.S. retirement, investment, and employee benefits provider with comparable defined-contribution administration, participant recordkeeping, and digital platform tools paralleling Afore Azteca's offering.
- BlackRock Retirement Group: Global asset manager with a substantial workplace retirement business (recordkeeping, target-date, advice), illustrating the scale-up path for an AUM-based retirement administrator like Afore Azteca.
Direct peers
- SURA AFORE México: Mexican AFORE operated by Grupo SURA, delivering pension fund administration, voluntary contributions, and digital account access to formal-sector workers alongside Afore Azteca.
- XXI Banorte (formerly Afore HSBC): Mexican private AFORE with comparable fund administration, web/app self-service, and branch-supported distribution. Targets the same mandatory-contribution workers under the same regulatory regime.
- PENSIONISSSTE: Government-operated AFORE providing retirement fund administration for ISSSTE workers; competes directly with Afore Azteca for public-sector affiliates under the same mandatory system.
- Afore Profuturo (now Afore Banorte / Pensiones Banorte): One of Mexico's largest private AFOREs, serving the same IMSS/ISSSTE mandatory retirement system and competing head-to-head for the same worker accounts. Operates under identical CONSAR regulation with the same AUM-fee business model as Afore Azteca.
- Afore Principal México: Mexico-based AFORE providing retirement account management and investment fund administration to IMSS/ISSSTE workers, competing for the same contributor base with a similar AUM-fee structure.
- Invercap AFORE: Privately-held Mexican AFORE focused on individual retirement account administration across the same worker segments, sharing regulatory and product overlap with Afore Azteca.
Regional players
- Profuturo AFP (Peru): Pension fund administrator in Peru operating under a parallel Latin American mandatory AFP system with the same AUM-fee structure as Mexican AFOREs, providing a cross-country comparable business model.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Afore Azteca financial estimates
Financial estimateRevenue estimate
Valuation estimate
Afore Azteca leadership team
Management profileNumber of profiles
Afore Azteca funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Afore Azteca 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 Afore Azteca
What does Afore Azteca do?
Afore Azteca administers mandatory and voluntary pension savings for Mexican workers affiliated with IMSS and ISSSTE under the country's Sistema de Ahorro para el Retiro. It manages individual retirement accounts, processes voluntary contributions, and handles unemployment withdrawals (Retiro por Desempleo) through the Afore Web portal, the App BAZ mobile application, QR-based workflows, and Banco Azteca's nationwide branch network.
Is Afore Azteca a public or private company?
Afore Azteca is a private company. It is classified as corporate owned and is currently operating.
When was Afore Azteca founded?
Afore Azteca was founded in 2002. It employs 51 to 100 people.
Where is Afore Azteca based?
Afore Azteca is headquartered in Tlalpan, Mexico, in the Latin America region.
How does Afore Azteca make money?
One revenue line is on record: pension Fund Administration Fees.
Who are Afore Azteca's main competitors?
Broad incumbents on record are Empower Retirement, Voya Financial and BlackRock Retirement Group. Direct peers are SURA AFORE México, XXI Banorte (formerly Afore HSBC), PENSIONISSSTE, Afore Profuturo (now Afore Banorte / Pensiones Banorte), Afore Principal México and Invercap AFORE. Profuturo AFP (Peru) is listed as a regional player.
Does Afore Azteca have an API?
No public API is recorded for Afore Azteca.
What industry is Afore Azteca in?
Afore Azteca's product category is Retirement and Pension Fund Administration. Its primary akta.pro industry code is FSAAACAF, Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)), with a secondary code of FSAEABAA, Registered Investment Advisor (RIA) Wealth Management. Its NAICS code is 525110 and its SIC code is 6036.