CREDICOMER
CREDICOMER is a regulated Salvadoran savings and credit society (founded 2009) that provides deposits, credit, and financial services to individuals, microenterprises, and SMEs in El Salvador via its Credicomer Digital mobile app and San Salvador headquarters, with backing from IGD.
- Company typePrivate
- Founded2009
- HeadquartersSan Salvador, El Salvador
- Headcount251–500
- GTM typeB2C
- OfferingServices
CREDICOMER firmographics
Firmographics- Name
- CREDICOMER
- Legal name
- SOCIEDAD DE AHORRO Y CREDITO CREDICOMER,S.A.
- Website
- https://credicomer.com.sv
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- CREDICOMER is a regulated Salvadoran savings and credit society (founded 2009) that provides deposits, credit, and financial services to individuals, microenterprises, and SMEs in El Salvador via its Credicomer Digital mobile app and San Salvador headquarters, with backing from IGD.
- Ownership category
- akta.pro rank
Where CREDICOMER is headquartered
LocationHeadquarters
- HQ city
- San Salvador
- HQ country
- El Salvador
- HQ region
- Latin America
Offices1 record
Markets served
CREDICOMER business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Financial Services - Lending: As a Sociedad de Ahorro y Crédito (Savings and Credit Society), Credicomer generates revenue through interest-bearing loans and credit products extended to individuals, microenterprises, and small/medium enterprises.
- Financial Services - Savings: Accepts deposits and savings from customers, using these funds for lending operations and generating spread income.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
CREDICOMER product offering
Product offeringCore offering
CREDICOMER is a Sociedad de Ahorro y Crédito (savings and credit society) operating in El Salvador. It provides savings accounts and credit/loan products to individuals (Personas), microenterprises (Microempresas), and small and medium-sized enterprises (PYMEs). Services are delivered through a San Salvador administrative office and the Credicomer Digital mobile application available on iOS, Android, and Huawei platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Credicomer Digital Mobile App
Companies that use CREDICOMER
Customer profileSegments3 records
Ideal customer profiles3 records
CREDICOMER technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
CREDICOMER partnerships and signals
Strategic signalScale indicators1 record
CREDICOMER competitors and assessment
Company assessmentBroad incumbents
- Banco Agricola (El Salvador): El Salvador's largest commercial bank offering consumer credit, SME financing, savings, and digital banking. Comparable to CREDICOMER across the personal credit and SME lending segments, though with much broader balance sheet and product set.
- Bandesal (Banco de Desarrollo de El Salvador): El Salvador's state development bank providing credit lines and SME financing. Overlaps with CREDICOMER's micro/SME lending mandate but operates with a public-sector and credit-policy orientation rather than a deposit-taking commercial model.
- Banco Davivienda El Salvador: Colombian-origin bank with a Salvadoran subsidiary providing consumer credit, SME financing, and savings accounts. Overlaps with CREDICOMER on personal and SME credit segments.
- Banco Promerica El Salvador: Regional commercial bank with El Salvador operations providing consumer credit, SME lending, and deposit products. Comparable to CREDICOMER on retail credit product sets, with broader service portfolio.
- BAC Credomatic El Salvador: Pan-Central American bank with a substantial El Salvador footprint providing consumer and SME credit products. Competes with CREDICOMER on the same target segments with broader capital resources and branch reach.
Regional players
- Compartamos Banco (Mexico): Mexico's leading microfinance institution serving microentrepreneurs and individuals via a digitized lending platform. Comparable to CREDICOMER on microfinance mission and digital distribution, albeit at much larger scale in a different country.
Emerging players
- Tigo Money El Salvador: Mobile money and digital wallet platform serving underbanked Salvadoran consumers with payments, deposits, and increasingly credit features. Competes for the same digitally active consumer base CREDICOMER serves via its Credicomer Digital App.
Direct peers
- Banco Hipotecario de El Salvador: Salvadoran state-associated savings and loan institution focused on housing and consumer credit. Similar deposit-and-lend operating model to CREDICOMER's Sociedad de Ahorro y Crédito, with overlapping target customers.
- Caja de Crédito de San Salvador: Salvadoran savings and credit cooperative accepting deposits and lending to individuals and small businesses — same structural model as CREDICOMER's Sociedad de Ahorro y Crédito, with overlapping customer segments and product offering.
- Fedecrédito (Federación de Cajas de Crédito): Salvadoran federation of credit unions and savings cooperatives; the apex institution coordinating a network of savings and credit entities. Directly comparable to CREDICOMER in operating model and target demographics.
Market position
Customer concentration
CREDICOMER social profiles
Digital presenceCREDICOMER financial estimates
Financial estimateRevenue estimate
Valuation estimate
CREDICOMER leadership team
Management profileNumber of profiles
CREDICOMER funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CREDICOMER 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 CREDICOMER
What does CREDICOMER do?
CREDICOMER is a Sociedad de Ahorro y Crédito (savings and credit society) operating in El Salvador. It provides savings accounts and credit/loan products to individuals (Personas), microenterprises (Microempresas), and small and medium-sized enterprises (PYMEs). Services are delivered through a San Salvador administrative office and the Credicomer Digital mobile application available on iOS, Android, and Huawei platforms.
Is CREDICOMER a public or private company?
CREDICOMER is a private company. It is classified as venture growth investor backed and is currently operating.
When was CREDICOMER founded?
CREDICOMER was founded in 2009. It employs 251 to 500 people.
Where is CREDICOMER based?
CREDICOMER is headquartered in San Salvador, El Salvador, in the Latin America region.
How does CREDICOMER make money?
Two revenue lines are on record. Financial Services - Lending is the primary driver. The others are financial Services - Savings.
Who are CREDICOMER's main competitors?
Broad incumbents on record are Banco Agricola (El Salvador), Bandesal (Banco de Desarrollo de El Salvador), Banco Davivienda El Salvador, Banco Promerica El Salvador and BAC Credomatic El Salvador. Compartamos Banco (Mexico) is listed as a regional player. Tigo Money El Salvador is listed as an emerging player. Direct peers are Banco Hipotecario de El Salvador, Caja de Crédito de San Salvador and Fedecrédito (Federación de Cajas de Crédito).
Does CREDICOMER have an API?
No public API is recorded for CREDICOMER.