Avalon Casa de Bolsa

What Avalon Casa de Bolsa does

Avalon Casa de Bolsa S.A. is a privately held Paraguayan brokerage and asset management firm founded in 2008, headquartered in Asunción and operating as a licensed Casa de Bolsa on the Bolsa de Valores de Asunción (BVA). The company is allied to Grupo Continental — described as the largest financial and economic group in Paraguay — and maintains operational linkage to Banco Continental, the only Paraguayan bank with international investment grade. Avalon offers a full product suite spanning stocks (acciones), bonds (bonos), certificates of deposit (CDA), mutual funds in both Guaraníes and US Dollars, repurchase agreements (reportos), and currency futures, complemented by services such as portfolio administration, public and private issuance advisory, M&A advisory, custody and collection management, liability restructuring, and capital raising. Both mutual funds carry AA+py credit ratings from Fix SCR (an affiliate of Fitch Ratings), with the Dollar fund upgraded in late 2024 and the Guaraní fund reaffirmed for a second consecutive year.

The firm's revenue model blends transaction-based brokerage commissions (per-trade fees through the BVA's SEN electronic trading system), recurring fund management fees on the AA+py mutual funds, repo facilitation fees, and professional services fees from underwriting and M&A advisory. Subscriptions and redemptions on the mutual funds are commission-free for investors, while broader pricing remains quote-based. Avalon runs a hybrid go-to-market combining relationship-driven advisory for high-net-worth and institutional clients with digital self-serve channels for retail, including a proprietary mobile app (launched 2026) enabling 100% digital bond purchases, an online investment simulator, fully digital onboarding with international phone prefix support, WhatsApp advisory, and an investor profile test (Conservative / Moderate / Aggressive) that funnels leads into the advisory team. Distribution is reinforced through the Grupo Continental ecosystem and a government-coordinated role in Paraguay's Investor Pass regime, executed alongside Banco Continental, MIC, and REDIEX.

Avalon's customer base is split between individual investors across Paraguay and the broader region (Argentina, Brazil, etc.) and a corporate/institutional segment including financial institutions, government entities, and foreign investors accessing the Investor Pass program. In 2025, the firm accompanied bond and equity issuance volume totaling approximately Gs 280 billion (≈USD 37 million), participated in a BVA market that grew 27% YoY to USD 3.475B in H1 2025, and completed its first Investor Pass operation in July 2025, positioning itself at the intersection of retail digital brokerage, institutional capital markets advisory, and Paraguay's national foreign-investment attraction strategy.

Name

Avalon Casa de Bolsa

Legal name

Avalon Casa de Bolsa S.A.

Website

https://avalon.com.py

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Avalon Casa de Bolsa is a Paraguayan brokerage and asset manager, allied to Grupo Continental, offering stocks, bonds, mutual funds, repos, and advisory services to retail and institutional clients via digital and relationship channels on the BVA.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

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

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Securities brokerage
• Capital markets services
• Asset management
• Investment advisory
• Corporate finance advisory

Headquarters

HQ city

Asunción

HQ country

Paraguay

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage and Securities Trading: Avalon earns commissions and transaction fees from buying and selling securities (stocks, bonds, CDAs, repos) on behalf of clients through the Bolsa de Valores de Asunción (BVA). Revenue is generated per transaction in the SEN electronic trading system.
2. Mutual Fund Management (Administration Fees): Avalon manages two mutual funds (Renta Fija Guaraníes and Renta Fija Dólares Americanos), generating fee income from fund administration and management. Subscriptions and redemptions are free of charge for investors.
3. Repo (Reporto) Operations: Repo transactions provide a dual revenue stream: Avalon earns fees from facilitating short-term financing (seller-side repos) and interest income from investors purchasing repos as a liquidity management instrument.
4. Bond and Equity Issuance Advisory: Avalon provides underwriting and advisory services for public and private bond and equity issuances, earning fees from structuring and placing debt and equity instruments for corporate and financial institution clients. Volume of issuances accompanied reached Gs 280 billion.
5. Portfolio Management and Advisory: Customized portfolio administration and financial advisory services for high-net-worth individuals and institutions, likely billed through advisory fees or embedded in product margins.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Avalon Casa de Bolsa is a Paraguayan securities brokerage ("Casa de Bolsa") that provides retail and institutional clients with access to capital markets products — stocks, bonds, CDA (certificates of deposit), mutual funds (Guaraníes and US Dollars), and reportos (repos) — traded through the Bolsa de Valores de Asunción (BVA). The firm complements retail brokerage with corporate finance services including issuance advisory, portfolio management, M&A, custody, liability restructuring, and capital raising, supported by a proprietary mobile app, online account opening, an investment simulator, and personalized advisory.

Product overview

Avalon Casa de Bolsa SA operates as a stock brokerage and fund administrator offering a diversified portfolio of investment products and financial services. The core offering includes CDA (Certificates of Deposit), Bonds, Stocks, Mutual Funds in both Guaraníes and US Dollars, and Reportos. These investment products are complemented by services such as portfolio management, public/private issuances, M&A advisory, custody, liability restructuring, and capital raising. Digital platforms include the investor portal for account access and the mobile app for real-time investment management. The company is allied to Grupo Continental, the largest financial group in Paraguay, and has operated since 2008.

Differentiator

Problem solved

Functional benefit

Products and services

• Certificados de Depósito de Ahorro (CDA) Off-exchange investment certificates issued by Paraguayan Banks and Financieras, offering short to medium-term investment with capital guaranteed by the Banco Central del Paraguay up to 75 minimum salaries. Targeted at investors seeking predictable returns with known interest schedules, maturity dates, and capital repayment.
• Bonos (Bonds) Medium to long-term fixed-income instruments traded through the SEN electronic trading system of the Bolsa de Valores de Asunción, targeted at investors seeking to profit from their capital at known interest rates, payment schedules, and risk profiles. Purchasable 100% digitally via the Avalon mobile app.
• Acciones (Stocks) Equity securities representing a percentage of a company's ownership, traded through the SEN system of the BVA. Targeted at long-term investors who wish to become part-owners of listed companies.
• Fondo Mutuo Avalon Renta Fija Guaraníes On-demand fixed-income mutual fund denominated in Guaraníes, offering a diversified, professionally managed portfolio with optional capital withdrawal plus accrued interest. Targeted at investors seeking liquidity and risk-adjusted returns. Carries an AA+py credit rating from Fix SCR (Fitch affiliate). Subscriptions and redemptions are commission-free for investors.
• Fondo Mutuo Avalon Renta Fija Dólares Americanos On-demand fixed-income mutual fund denominated in US Dollars, offering a diversified, professionally managed portfolio with optional capital withdrawal plus accrued interest. Carries an AA+py credit rating from Fix SCR (Fitch affiliate). Subscriptions and redemptions are commission-free for investors.
• Reportos (Repurchase Agreements) Repurchase agreements providing liquidity management and short-term financing within the Paraguayan securities market. Sellers obtain short-term financing; buyers profit from short-term excess funds through a pre-agreed repurchase price and date.
• Portal del Inversor Digital investor portal enabling existing clients to access their accounts, manage investments, and communicate directly with Avalon executives.
• Avalon Mobile App Proprietary mobile application enabling investors to access investments in real time, invest at any time, consult earnings online, and purchase bonds 100% digitally with complete payment flow visualization. Available on App Store and Google Play.
• Compra Venta de Títulos (Securities Trading) Brokerage service enabling the purchase and sale of investment securities (stocks, bonds, CDA, repos) on behalf of clients through the Bolsa de Valores de Asunción.
• Administración de Portafolios (Portfolio Management) Professional portfolio management and personalized advisory service providing customized capital allocation and investment advice to optimize returns. Targeted at clients seeking bespoke asset management.
• Emisiones Públicas y Privadas (Public and Private Issuances) Underwriting and advisory services for public and private bond and equity issuances, supporting corporates and financial institutions seeking to raise capital through the Paraguayan securities market. Accompanied issuance volume reached approximately Gs 280 billion in 2025.
• Fusiones y Adquisiciones (M&A Advisory) Advisory services for mergers, acquisitions, and corporate combinations, including deal structuring, valuation, and execution support for corporate clients.
• Custodia y Gestión de Cobros (Custody and Collection Management) Safekeeping and collection management services for financial instruments on behalf of issuers and investors.
• Reestructuración de Pasivos (Liability Restructuring) Advisory and execution services for companies needing to renegotiate or reorganize their debt obligations, including liability profile optimization.
• Levantamiento de Capital (Capital Raising) Advisory and structuring services to support companies seeking growth financing through market instruments, including market sounding and investor matching.

Quantifiable outcome

• Total bond issuance volume accompanied: approximately Gs 280 billion (2025)
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Banco ContinentalcoreStrategic or Co-development Partner · 13 July 2026Avalon partnered with Banco Continental to execute its first operation under the Investor Pass regime, in coordination with MIC and REDIEX. The partnership enables foreign investors to channel capital into the Paraguayan securities market as part of the residency-by-investment program. Banco Continental provides international client servicing capabilities and the backing of one of Paraguay's largest financial groups.
• Fix SCR (Fitch Ratings)coreOthersFix SCR, an affiliate of Fitch Ratings, provides independent credit ratings for Avalon's mutual funds (Fondo Mutuo Renta Fija Guaraníes and Fondo Mutuo Renta Fija Dólares Americanos), assigning them AA+py ratings that validate portfolio quality and risk management standards.
• MIC (Ministerio de Industria y Comercio) and REDIEXflagshipStrategic or Co-development PartnerAvalon operates within the framework of Paraguay's national investment attraction strategy led by the MIC and REDIEX, executing the first brokerage operation under the Investor Pass regime. This collaboration positions Avalon as a key institutional participant in the country's strategy to attract foreign capital through the securities market.
• Bolsa de Valores de Asunción (BVA)coreTechnology or IntegrationAvalon operates as a licensed brokerage on the Bolsa de Valores de Asunción (BVA), trading securities through the SEN (Sistema Electrónico de Negociación) electronic platform. The BVA's technology modernization (including the planned adoption of the Nasdaq system from January 2026) and the Caja de Valores del Paraguay enhance Avalon's market infrastructure capabilities.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• XP Inc. Latin America's largest independent brokerage, offering retail investing, advisory, and capital markets services. Relevant as a broad incumbent whose digital brokerage playbook (mobile app, advisory, funds) Avalon partially mirrors in the Paraguayan market.
• BTG Pactual: Major Latin American investment bank with brokerage, asset management, and corporate advisory. Comparable as an incumbent offering full-stack capital markets services that could expand into Paraguay through cross-border clients.
• Banco Continental (Asset Management arm): Paraguayan bank allied to Avalon via Grupo Continental, with its own investment products and distribution. Comparable as a broader incumbent that competes for corporate treasury and high-net-worth capital while also serving as Avalon's distribution partner.

Others

• CAF — Banco de Desarrollo de América Latina: Development bank active in Paraguayan capital markets through bond issuances and advisory work. Comparable as an ecosystem participant whose issuances Avalon underwrites, illustrating the institutional deal-flow Avalon's advisory business competes for.

Regional players

• Balanz Capital: Argentine brokerage and asset manager with operations in Uruguay and Paraguay. Directly comparable as a regional peer offering retail brokerage, mutual funds, and corporate advisory with similar digital onboarding capabilities.
• Criteria Asset Management: Latin American asset manager with mutual fund offerings comparable to Avalon's Renta Fija Guaraníes and Dólares funds. Relevant as a regional player whose fund products could compete for the same institutional and retail allocations.

Direct peers

• Basa Capital Casa de Bolsa: Paraguayan brokerage and investment firm offering trading, fixed-income, and equity products through the BVA. Comparable to Avalon in serving both retail investors and corporate issuance clients in Paraguay.
• Inversión Estratégica Casa de Bolsa: Paraguayan brokerage operating on the local stock exchange with portfolio management and capital markets services. Direct peer competing for similar retail and corporate clients within the BVA.
• Cadiem Casa de Bolsa: Paraguayan Casa de Bolsa operating on the Bolsa de Valores de Asunción with a comparable product suite of brokerage, mutual funds, and corporate issuance advisory. Direct head-to-head competitor in the local retail and institutional capital markets.
• Servicios de Bolsa (SerBolsa): Paraguayan Casa de Bolsa providing brokerage and trading services on the BVA. Comparable local competitor offering similar equity, fixed-income, and repo products to retail and institutional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCzI3EtF4rO9dTNJR4aQwOlA
• Facebookfacebook.com/AvalonCBSA
• LinkedInlinkedin.com/company/avalon-casa-de-bolsa
• Instagraminstagram.com/avaloncbsa
• Xx.com/avaloncbsa

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Avalon Casa de Bolsa