What Coval Servicios Financieros does

Coval Servicios Financieros (legal name: Comercial de Valores Servicios Financieros SpA) is a Chilean non-bank financial services company founded in 1999 that provides liquidity and financing solutions to small and medium enterprises (PYMEs) across Chile. Its core product set spans national and international/export factoring, leasing for vehicles and machinery, working capital loans (capital de trabajo), supplier payment confirming, and purchase order financing (ordering), with a secondary market for repossessed assets. The company distributes these products through a hybrid omnichannel model: a 24/7 self-service digital platform called VA! hosted on Microsoft Cloud, inside sales via WhatsApp and phone, and a physical branch network across Chile, and through wholly-owned regional subsidiaries Coval Perú and Klym by Coval in Colombia under the "Coval Latam" umbrella.

The VA! platform is the central operational asset, integrating with customers' electronic invoicing systems and the Chilean Tax Authority (SII) for invoice verification and credit simulation, with publicly stated sub-15-minute processing times for service requests. Coval is a regulated entity registered in Chile's Securities Registry (N°68) under CMF oversight, maintaining active corporate bond programs, annual risk classifications from Humphreys and Feller Rate, and a formal compliance framework including an AML/CFT manual (CMF Circular 62), a Crime Prevention Model under Law 20.393, and a Code of Ethics. Sub-brands VA! and Firma Ya! (digital contract signing) extend the ecosystem beyond the core financing suite.

Coval's revenue model is transaction- and interest-based: fees and interest on factored receivables, recurring lease payments, interest on working capital facilities, fees for supplier confirming and ordering advances, and capital raised through corporate bond issuances. It serves a horizontal SMB customer base across Chile, with regional expansion into Peru and Colombia. The company is privately held (no parent company or disclosed PE/VC backing identified), led by General Manager (CEO) Christian Tauber Domínguez, and reports operating status as of 2025-2026.

Name

Coval Servicios Financieros

Legal name

Comercial de Valores Servicios Financieros SpA

Website

https://coval.cl

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Coval Servicios Financieros is a Chilean non-bank financial services company founded in 1999 that provides factoring, leasing, working capital, confirming, and ordering solutions to SMBs across Chile, with regional operations in Peru and Colombia distributed via its VA! digital platform and physical branches.

Ownership category

akta.pro rank

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Factoring Services: Coval provides national and international factoring services, allowing companies to transform invoices into immediate liquidity. Revenue generated through factoring fees and interest on advanced payments.
2. Leasing: Vehicle and machinery leasing through rental contracts, generating recurring revenue from lease payments.
3. Capital de Trabajo (Working Capital): Short to medium-term credit facilities for improving cash flow, generating interest income.
4. Confirming: Supplier payment services where Coval advances payments to suppliers on behalf of clients, earning fees for the service.
5. Ordering: Financing for purchase orders, enabling businesses to fulfill large orders.
6. Corporate Bond Issuances: The company raises capital through corporate bond programs, evidenced by public bond issuance documentation.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Coval Servicios Financieros is a Chilean non-bank financial services company that provides commercial liquidity and financing solutions to businesses, including national and international factoring, vehicle and machinery leasing, working capital credit, supplier confirming, and purchase order financing. These products are delivered through its proprietary digital platform VA! (hosted on Microsoft Cloud) that integrates with electronic invoicing and the Chilean tax authority (SII), enabling self-service operations processed in under 15 minutes, 24/7.

Product overview

Coval Servicios Financieros operates as a multi-product financial services company offering a unified digital platform (VA!) alongside specialized financing products. The core portfolio includes Factoring (national and international/export), Capital de Trabajo, Leasing, Confirming, and Ordering, which are accessible through the VA! digital platform for online operations. The company also provides contract signing (Firma Ya!) as a complementary digital service and maintains a secondary market for repossessed goods. All products are designed for businesses seeking liquidity and financing solutions throughout Chile.

Differentiator

Problem solved

Functional benefit

Brands

• VA!: Digital financial services platform allowing access to Factoring, Leasing, Capital de Trabajo, and supplier payment services completely online.
• Firma Ya

Products and services

• Plataforma VA! A proprietary digital platform hosted on Microsoft Cloud servers that enables businesses to access Coval's financial services online, including factoring operations, simulations for leasing and working capital, and supplier payments, with 24/7 availability and processing times under 15 minutes. Intended for Chilean businesses seeking self-service financing.
• Firma Ya! A digital contract signing service that enables electronic execution of financial agreements for Coval clients.
• Factoring Nacional National factoring service that transforms domestic invoices into immediate liquidity for businesses, allowing companies to receive advance payment on their receivables.
• Factoring de Exportación (International Factoring) International/export factoring service for businesses engaged in foreign trade, providing liquidity against export invoices.
• Capital de Trabajo (Working Capital) Working capital financing solution providing short to medium-term credit to improve business cash flow.
• Leasing Equipment and vehicle leasing service allowing businesses to acquire assets through rental contracts without depleting capital.
• Confirming Supplier payment service that enables companies to pay suppliers early while maintaining cash flow control.
• Ordering Purchase order financing service that provides funding against confirmed orders of goods or services.

Quantifiable outcome

• Service requests processed in under 15 minutes
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Coval PerucoreOthersRegional subsidiary operating in Peru, expanding Coval's Latin American footprint. Received recognition as 'Empresa Peruana 2025' indicating strong regional presence.
• Klym by CovalcoreOthersJoint venture or brand presence in Colombia, representing Coval's expansion into the Colombian market.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BBVA Provider Latam: Global bank with factoring and confirming lines across Latam, competing for larger SMB and corporate clients in the same geographies Coval serves.
• Banco de Chile: One of Chile's largest commercial banks with corporate banking, factoring, and leasing products that overlap Coval's middle-market offering.
• Grupo Security: Large Chilean financial group with factoring, leasing, and corporate banking lines that overlap with Coval's offerings but as part of a broader financial conglomerate.
• Banco Estado: Chilean state-owned bank with the country's largest SMB footprint, offering factoring and working capital solutions that directly intersect Coval's customer segment.
• Banco de Crédito e Inversiones (BCI): Major Chilean bank with factoring and SMB lending products that overlap Coval's offerings while serving a much larger and more diversified client base.

Regional players

• Financiera Oh! (Grupo EFE): Peruvian consumer and SMB finance group relevant to Coval's Peru subsidiary as a regional benchmark for digital SMB lending.
• Interfactor Perú: Leading Peruvian factoring company directly comparable to Coval's factoring product, useful benchmark for Coval's Peru subsidiary expansion trajectory.

Emerging players

• Kredito (formerly Klym): Digital SMB lending platform in Colombia; now operating as part of Coval's regional structure, illustrative of fintech competition shaping the space.

Direct peers

• EuroAmerica Servicios Financieros: Chilean NBFI providing consumer and SMB financing including factoring and leasing, operating with comparable SMB customer profiles and product mix.
• Tanner Servicios Financieros: Chilean non-bank financial institution offering factoring, leasing, and working capital to SMBs. Closest direct competitor in Coval's core product set within the same Chilean market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/covalcl
• LinkedInlinkedin.com/company/covalserviciosfinancieros
• Instagraminstagram.com/coval.cl/?hl=es
• YouTubeyoutu.be/Obb9GwXy-Uk

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Coval Servicios Financieros