Crédito y Caución

What Crédito y Caución does

Crédito y Caución, legally Atradius Crédito y Caución S.A. de Seguros y Reaseguros, is a Spanish specialist credit and surety insurance carrier founded in 1929 and headquartered in Madrid, with additional operations in Portugal (Lisbon) and Andorra (delegated to Occident Inversions, S.A.U.). The company is part of the Atradius Group and the diversified Spanish insurance conglomerate Grupo Catalana Occidente, and is supervised by Spain's Dirección General de Seguros y Fondos de Pensiones (clave C0046). It serves primarily Spanish B2B companies and exporters, offering protection against customer non-payment and guarantees required for public tenders, customs operations, and contractual obligations.

The product portfolio comprises six credit-insurance policy variants (Póliza Líder, Líder +, Start, Pex, Bonus, Ágil) and a broad surety-bond product line covering public procurement, real-estate agents, ATA carnets, customs, FEGA, international contracts, renewable energy, and other use cases. These are complemented by an extensive digital services stack delivered through the CyCred platform, CyCred App, Link ERP integration, and modules for risk opinion (Target), financial analysis (View), customer prospecting and routing (Maps), internationalization advisory (CyComex), indemnity advances (CyCash), non-bank financing (Energy), automated collection (Alerta, Bot), training (CyC Contigo), and a client loyalty program (BeCyC).

The company generates revenue from recurring credit and surety insurance premiums and from ancillary services, using a quote-based pricing model tailored to customer risk profile and coverage scope. It goes to market through a hybrid model combining territorial field offices, an in-house call center, digital self-service portals, mobile apps, a Portugal subsidiary, an Andorra delegation, and partnerships such as Iberinform's Jump export platform; the #twecos influencer network and CyC News/Prisma content platforms support top-of-funnel demand generation. No revenue, headcount trend, or premium-volume figures are disclosed in the source data, so quantitative scale cannot be confirmed.

Name

Crédito y Caución

Legal name

Atradius Crédito y Caución S.A. de Seguros y Reaseguros

Website

https://creditoycaucion.es

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Crédito y Caución is a Madrid-based Spanish credit and surety insurance carrier founded in 1929, part of Atradius/Grupo Catalana Occidente, serving Spanish B2B firms and exporters with credit-insurance policies, surety bonds, and a digital risk-management platform (CyCred).

Ownership category

akta.pro rank

Product category

Credit Insurance

NAICS

Credit Bureaus (561450), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Credit Bureaus & Consumer Credit Reporting Agencies (FSAKAKAA)

akta.pro secondary industry

Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Credit insurance
• Surety insurance
• Trade credit
• Export insurance
• Risk management

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Credit Insurance Premiums: Core revenue from credit insurance policies (Póliza Líder, Póliza Líder +, Póliza Start, Póliza Pex, Póliza Bonus, Póliza Ágil) that protect businesses against payment default on credit sales. Premiums are charged based on policy coverage scope and risk profile.
2. Surety/Bond Insurance Premiums: Revenue from surety insurance policies covering public tenders, real estate agents, ATA carnets, customs, construction waste, municipal licenses, FEGA, international contracts, renewable energy, subsidies, cross-border waste transport, and private contracts.
3. Ancillary Services: Additional revenue from services including CyCred CRM, CyCred View, CyCred Maps, CyComex, CyCash advance financing, Energy non-bank financing, CyC Contigo training, and Link system integration. These services are offered to existing policyholders and complement the core insurance products.

Go-to-market motion1 record

Distribution channels9 records

Marketing channels7 records

Core offering

Crédito y Caución is a Spanish credit and surety insurance specialist that underwrites policies protecting businesses against non-payment of B2B credit sales and provides guarantee bonds for public tenders, private contracts, customs, and regulatory obligations. The company complements its core insurance policies with a suite of value-added services including risk opinions, financial analysis tools, customer relationship management, mobile policy management, advance indemnity payments, non-bank financing, and internationalization advisory. Its product lines are distributed via territorial field offices, telephone customer service, online portals (CyCred, Gin, CyCaucion), a mobile app, and strategic partnerships.

Product overview

Crédito y Caución operates as a dual-product insurance company offering credit insurance (Seguro de Crédito) and surety insurance (Seguro de Caución) for businesses in Spain and internationally. The credit insurance product line comprises six policy variants (Póliza Líder, Póliza Líder +, Póliza Start, Póliza Pex, Póliza Bonus, Póliza Ágil) differentiated by coverage level, target segment, and pricing structure. Complementing the core policies is an extensive services ecosystem including Maps for customer prospecting and route optimization, View for financial analysis and portfolio monitoring, CyCred CRM for customer management, CyCred App for mobile access, Target for risk assessment, CyComex for internationalization, CyCash for early claim payments, Energy for non-bank financing, Alerta and Bot for collection management, and Link for ERP integration. The BeCyC program serves as a client loyalty umbrella providing seals, training, and exclusive benefits. The surety insurance division covers public tenders, customs, agricultural guarantees, and various contractual requirements. All services are accessible through multiple digital platforms including CyCred portal, Gin - A 4.0, and CyCaucion. The company also operates Twecos as an economic influencer community and publishes CyC News as a weekly economic newsletter.

Differentiator

Problem solved

Functional benefit

Brands

• BeCyC: Client benefits and growth program offering credit management tools, business growth services, and competitive advantages for policyholders
• CyCred
• Jump
• CyComex
• Twecos
• CyC Prisma
• CyC News
• Gin - A 4.0
• CyCash
• CyCred CRM
• CyCred View
• CyCred Maps
• CyCred App
• CyC Contigo
• CyC Letra

Products and services

• Póliza Líder Standard credit insurance policy offering protection against customer payment default for B2B sales made on credit terms. Target customer: Spanish businesses with established credit sales activity.
• Póliza Líder + Enhanced credit insurance policy with additional coverage features beyond the standard Póliza Líder, designed for businesses requiring broader protection. Target customer: Spanish businesses with more complex credit risk needs.
• Póliza Start Credit insurance policy designed for SMEs and startups entering the credit insurance market, with entry-level coverage and simplified onboarding. Target customer: Small and medium enterprises new to credit insurance.
• Póliza Pex Credit insurance policy tailored for export transactions and international trade operations, providing protection against non-payment by foreign buyers. Target customer: Spanish companies engaged in international trade.
• Póliza Bonus Credit insurance policy with a bonus-based incentive structure that rewards policyholders for maintaining a low claim history. Target customer: Spanish businesses seeking incentive-based premium pricing.
• Póliza Ágil Streamlined credit insurance policy designed for quick subscription and minimal documentation requirements. Target customer: Spanish businesses seeking fast and simple coverage.
• Seguro de Caución Surety insurance providing guarantees required for public tenders, private contracts, customs operations, real estate licensing, ATA carnets, construction waste, municipal licenses, FEGA agricultural guarantees, international contracts, renewable energy, subsidies, and cross-border waste transport. Target customer: Companies participating in public procurement and contractual performance obligations.
• CyComex Internationalization advisory service helping companies expand into foreign markets with expert guidance, market intelligence, and foreign debt recovery support. Target customer: Spanish exporters and businesses planning international expansion.
• CyCash Early claim payment service that advances insurance indemnities to policyholders before standard settlement, improving working capital and cash flow. Target customer: Existing credit insurance policyholders facing liquidity constraints.
• Energy - Financiación no bancaria Non-bank financing solution enabling assignment of commercial credits to access alternative working capital. Target customer: Spanish businesses seeking non-bank funding alternatives.
• BeCyC Client benefits and loyalty program offering the Insured Company seal, Insured Operation seal, fraud alerts, access to all Crédito y Caución digital tools, expert advisory, and exclusive events. Target customer: Existing policyholders.
• Jump! Exporta tu empresa Internationalization consulting platform providing advisory services for companies seeking to expand into export markets, co-branded with Iberinform. Target customer: Spanish companies seeking export market entry advisory.

Quantifiable outcome

• 67% of B2B sales in Italy are conducted on credit terms, above the Western Europe average of 52%, increasing vulnerability to payment defaults.
• +3 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Three partnerships are on record, tiered core and minor.

• IberinformcoreGTM or Marketing PartnerIberinform, a business information and management solutions provider, partners with Crédito y Caución on the Jump platform for internationalization consulting. This joint initiative provides Spanish companies with export advisory services, market identification, and credit insurance protection against international payment defaults. Both companies are part of the Grupo Catalana Occidente and Atradius ecosystem.
• MBA Kids / MBA LeagueminorGTM or Marketing PartnerCrédito y Caución partners with MBA Kids on the MBA League entrepreneurship program, supporting youth entrepreneurship in Spain. The company co-edits practical guides for young people on developing business projects, demonstrating its commitment to the next generation of entrepreneurs and extending brand visibility among future business leaders.
• Occident Inversions, S.A.U.coreChannel Partner/ Reseller/ DistributorOccident Inversions S.A.U. serves as the delegated operator of Crédito y Caución in Andorra since 2010, under resolution 87042/2010 of the Ministry of Economy and Finance of Andorra. The company is authorized by the Andorran Financial Authority (AFA) and operates with sufficient human resources, materials, and representative powers to conduct credit insurance business on behalf of Crédito y Caución.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Allianz Trade (formerly Euler Hermes): German-headquartered global credit insurer owned by Allianz, and another top-three global player. Competes directly with Crédito y Caución in Spain through its own operations and the Solunion JV with Mapfre.
• CESCE: Spain's government-backed export credit insurer providing cover for Spanish exporters. Operates in an adjacent (semi-public) niche to Crédito y Caución's commercial export credit insurance (Póliza Pex), and competes for the same Spanish exporting-customer wallet.
• Coface: French-headquartered global credit insurance company and one of the top three worldwide alongside Atradius and Euler Hermes/Allianz Trade. Directly competes with Crédito y Caución in the Spanish B2B credit insurance market with similar policy structures and risk assessment offerings.
• Solunion: Spanish credit insurance joint venture between Allianz Trade (Euler Hermes) and Mapfre. Purpose-built to serve the Spanish and Latin American markets, making it the closest direct head-to-head competitor to Crédito y Caución in Iberia.

Broad incumbents

• Atradius: Global credit insurance group of which Crédito y Caución is the Spanish operating entity. Offers the same product categories (credit insurance, surety, collections) at a global scale, with Crédito y Caución effectively serving as the Spanish arm of this broader portfolio.
• Mapfre: Major Spanish insurance conglomerate with global operations. Overlaps with Crédito y Caución in surety bonds and credit-related insurance lines, and partners with Allianz Trade in the Solunion credit insurance JV that competes directly with CyC.
• Tokio Marine HCC: Global specialty insurer with significant surety bond and trade credit operations, particularly in the Americas and Europe. Competes with Crédito y Caución in cross-border surety (customs, international contracts) and large commercial surety programs.

Others

• INFORMA D&B: Spain's leading business information and commercial credit reporting bureau, part of the D&B global network. Provides the credit data and financial analytics that CyC's View and Target tools leverage and complement in the Spanish market.
• Iberinform: Iberian business information and credit reporting provider, and a co-marketing partner of Crédito y Caución via the Jump internationalization platform. Serves the same Spanish B2B customers with credit data that underpins CyC's risk assessment tools.
• AXCO: Specialist information provider for the global insurance industry, with deep coverage of credit insurance and surety markets comparable to CyC. Adjacent ecosystem participant serving insurers, brokers, and regulators in the same product category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/creditoycaucion
• YouTubeyoutube.com/CreditoyCaucion
• Facebookfacebook.com/creditoycaucion
• LinkedInlinkedin.com/company/credito-y-caucion
• Instagraminstagram.com/creditoycaucion

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Crédito y Caución