Cadiem Casa de Bolsa

What Cadiem Casa de Bolsa does

CADIEM Casa de Bolsa is a privately held, BCP-regulated Paraguayan brokerage house (Casa de Bolsa) founded on November 12, 2003, operating through three physical offices in Asunci\u00f3n, Encarnaci\u00f3n, and Ciudad del Este. It intermediates securities (stocks, bonds, CDAs) on the Bolsa de Valores de Asunci\u00f3n (BVA), administers mutual and investment funds via its wholly-owned subsidiary CADIEM Administradora de Fondos Patrimoniales de Inversi\u00f3n S.A. (AFPISA), and runs a corporate finance advisory practice (CADIEM Corporate) supporting issuer inscriptions, bond and equity structuring, and company valuation.

The core product suite comprises six mutual funds (Disponible Guaran\u00edes, Disponible D\u00f3lares, Crecimiento, Para Todos, Proyecci\u00f3n Guaran\u00edes, Proyecci\u00f3n D\u00f3lares) and four investment funds (Link Center, Naves Industriales, Eco-Forestal I, Las Orqu\u00eddeas), with combined AUM of USD 356.7 million as of 2025 representing roughly 20% of the Paraguayan fund industry. Underlying technology includes the CADIEM Fondos mobile app, a 100% digital onboarding flow, an investment simulator and investor profile assessment, and integration with Nasdaq (trading), Montran (settlement), CAVAPY (custody), and Bloomberg (global markets). International market access is delivered through partnerships with Latin Securities and AIVA.

Revenue is generated from four streams: brokerage commissions on securities transactions, management and administration fees on mutual and investment funds (the dominant line), corporate finance advisory and structuring fees, and residency-driven portfolio structuring fees under the Investor Pass program (USD 200,000 minimum). The company serves three segments: individual investors and small savers (CADIEM Inversiones Para Todos / Fondo Mutuo Para Todos), high-net-worth clients (CADIEM Premier), and corporate issuers (CADIEM Corporate), supported by a 50+ person team including 20 in the Finance Direction and a sales-led advisory motion anchored by personalized investment executives.

Name

Cadiem Casa de Bolsa

Legal name

CADIEM Casa de Bolsa

Website

https://cadiem.com.py

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

CADIEM Casa de Bolsa is a Paraguayan regulated brokerage house and fund manager that intermediates securities, administers 10 mutual and investment funds totaling USD 356.7 million in AUM, and provides corporate finance advisory to 10,000+ retail, HNW, and enterprise clients across Paraguay.

Ownership category

akta.pro rank

Product category

Securities Brokerage and Investment Management

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Equity Prime Brokerage (Custody, Financing & Services) (FSACAFAB)

Keywords

• Securities brokerage
• Mutual fund management
• Investment fund management
• Corporate finance advisory
• Wealth management services

Headquarters

HQ city

Asunción

HQ country

Paraguay

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Securities Trading and Brokerage Commissions: CADIEM acts as a brokerage house (casa de bolsa), intermediating between companies seeking financing and investors seeking returns through the purchase and sale of securities (bonds, stocks, CDAs, mutual funds, investment funds). Revenue is generated through commissions on securities transactions executed for clients.
2. Mutual Fund and Investment Fund Management Fees: CADIEM Administradora de Fondos Patrimoniales (AFPISA) manages mutual funds and investment funds, earning management fees. As of 2025, CADIEM administers USD 356.7 million across 8 funds (4 mutual funds + 4 investment funds). Funds represent 30-35% of all assets managed by CADIEM within client investment portfolios.
3. Corporate Finance and Advisory Services: CADIEM Corporate provides integral advisory to companies seeking to list on the stock exchange, structuring bond and equity issuances, analyzing financing structures, and providing company valuation services. Revenue is generated through advisory fees and structuring commissions.
4. Investor Pass Residency Structuring: CADIEM structures investment portfolios for foreign investors seeking permanent residency through the Paraguay Investor Pass program, with a minimum investment of USD 200,000 in eligible financial instruments, earning advisory and structuring fees.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels10 records

Core offering

CADIEM Casa de Bolsa is a Paraguayan brokerage house (casa de bolsa) that intermediates securities transactions for investors and provides capital market access for issuers. The company administers six mutual funds (Fondos Mutuos) and four investment funds (Fondos de Inversión) covering both Guaraníes and USD currencies, offers direct trading in stocks, bonds, and CDAs, and provides corporate finance advisory, company valuation, and international market access through partnerships. The CADIEM Premier sub-brand serves high-net-worth clients with personalized wealth management.

Product overview

CADIEM Casa de Bolsa operates as a comprehensive financial services platform offering multiple product lines. The core offering includes six mutual funds (Fondos Mutuos) covering different currencies (Guaraníes and USD), investment horizons (short-term liquidity to long-term growth), and risk profiles. Four investment funds (Fondos de Inversión) provide project-specific financing in real estate, industrial, and forestry sectors. The company also offers direct securities trading (stocks and bonds), CDAs, international market access, corporate services, and the premium CADIEM Premier wealth management brand. All products are supported by educational resources through ACADIEM and a digital-first account opening process.

Differentiator

Problem solved

Functional benefit

Brands

• ACADIEMY: Educational platform accompanying users in their investment learning journey through seminars, conversatories, and financial education content.
• Investor Pass

Products and services

• Fondo Mutuo Disponible Guaraníes Short-term Guaraníes-denominated mutual fund investing in fixed income instruments such as government bonds and financial institution securities with A-py or higher ratings. Minimum first investment: G. 10,000,000. Rescue within 48 hours.
• Fondo Mutuo Disponible Dólares Short-term USD-denominated mutual fund investing in Treasury securities, financial institution titles with A-py ratings, and foreign government debt with A or higher ratings. Minimum first investment: USD 2,000. Rescue within 48 hours.
• Fondo Mutuo Proyección Guaraníes Medium-term Guaraníes mutual fund aimed at capital growth with expected yields up to 8.00% for 260+ days. Flexible without entry or exit costs. 5 business day rescue window.
• Fondo Mutuo Proyección Dólares Medium-term USD mutual fund for capital appreciation with expected yields up to 5.00% for 325+ days. Flexible without entry or exit costs. 5 business day rescue window.
• Fondo Mutuo Crecimiento Medium to long-term Guaraníes mutual fund with permanence rewards from year 4. Target: double capital in 8 years, triple in 11 years. Currently G. 863,130 million AUM with 8,000+ investors.
• Fondo Mutuo Para Todos Mutual fund enabling capital formation through small monthly contributions (minimum G. 300,000 monthly) with BBB-py or higher fixed income instruments. Includes commitment reward of 0.50% per year.
• Fondo de Inversión Link Center Real estate investment fund for a mixed-use development including corporate towers, hotel, residences, and commercial center on Aviadores del Chaco avenue in Asunción. Received py AA- credit rating from Feller-Rate.
• Fondo de Inversión Naves Industriales Medium-term USD-denominated real estate investment fund financing construction of industrial and logistics parks with rental income and asset sale profitability.
• Fondo de Inversión Eco-Forestal I Medium-term Guaraníes fund oriented toward eucalyptus plantation for care and subsequent sale as high-quality industrial wood.
• Fondo de Inversión Las Orquídeas Short-term Guaraníes real estate fund financing construction of first-home apartments with profitability from unit sales.
• Acciones (Stocks) Equity instruments representing proportional ownership in a company, offering variable dividends based on company performance without maturity date. Minimum investment: G. 25,000,000. Requires client status with invested portfolio of G. 150,000,000.
• Bonos (Bonds) Debt securities issued by corporations, financial institutions, or government entities for capital capture with defined maturity and yield. Yields 8-13% in Guaraníes, 1-10 year terms. Interest paid monthly, quarterly, semi-annually, or at maturity.
• Certificados de Depósito de Ahorro (CDAs) Fixed-term deposit certificates in financial institutions with yields based on capital and term. Minimum: G. 100,000,000. Yields: 7-10% in Guaraníes, 4.50-6.50% in USD. Terms: 1-5 years. Coverage up to 75 minimum salaries via Fondo de Garantía de Depósitos del BCP.
• Mercado Internacional International market investment service providing access to global investment platforms focused on North American markets via partnerships with Latin Securities and AIVA, with diversification and succession planning benefits.
• CADIEM Premier Exclusive wealth management service offering personalized investment strategies, global market access, and premium client benefits including restaurant discounts and exclusive events. Includes succession planning advisory and individualized wealth management.
• CADIEM Corporate Corporate services segment providing corporate financing advisory, financial analysis, company valuation, and securities issuance services (bond and equity structuring). Serves enterprises seeking to access capital markets.
• Investor Pass Preferential residency program under the SUACE system enabling foreign investors to obtain permanent residency in Paraguay through financial investments starting at USD 200,000. Includes investment structuring, SUACE filing, CIE issuance, and permanent residency application.

Quantifiable outcome

• CADIEM leads the Paraguayan fund administration market with USD 356.7M AUM and 20% market share as of 2025
• +5 more outcomes

Named customers11 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• Feller-RatecoreOthers · 30 April 2026Feller-Rate is the credit rating agency that assigned the py AA- rating with stable trend to the Fondo de Inversión Link Center, providing external validation of the fund's financial, administrative, and business profile.
• Latin SecuritiescoreTechnology or IntegrationLatin Securities (latinsecurities.com.uy) is a technology partner providing an international investment platform that enables CADIEM clients to access global markets, primarily North American markets, extending investment borders beyond Paraguay.
• AIVAcoreTechnology or IntegrationAIVA (aiva.com) is a technology integration partner providing international investment platform access for CADIEM clients, complementing the global market offering.
• Fix SCR (Fitch Ratings)coreOthersFix SCR, affiliated with Fitch Ratings, provides credit risk ratings for CADIEM's mutual funds including Fondo Mutuo Disponible Dólares and Fondo Mutuo Crecimiento. Recent upgrades validate fund quality.
• CRESIAcoreStrategic or Co-development PartnerCRESIA is the real estate developer behind the Link Center project, responsible for designing and constructing the 100,000+ m² mixed-use development. CADIEM administers the investment fund that finances this project.
• Phi CapitalmajorStrategic or Co-development PartnerPhi Capital (phicp.com) is a co-developer and investor in the Link Center project, contributing to the USD 105 million real estate development alongside CADIEM.
• Gómez PlateromajorStrategic or Co-development PartnerGómez Platero is the architecture firm responsible for designing the Link Center project, ensuring international-class quality standards for the development.
• CAVAPY (Caja de Valores del Paraguay)coreTechnology or IntegrationCAVAPY is the Paraguayan Central Securities Depository that manages electronic securities registration, custody, and settlement. CADIEM connected to CAVAPY's infrastructure as part of the market's technological modernization, enabling international-grade custody and settlement.
• Nasdaq (via Bolsa de Valores de Asunción)coreTechnology or IntegrationNasdaq provides the trading platform for the Bolsa de Valores de Asunción (BVA). CADIEM integrated with Nasdaq systems as part of the market's modernization to enable electronic trading, custody, and settlement aligned with global standards.
• MontrancoreTechnology or IntegrationMontran provides settlement systems for the Paraguayan market. CADIEM connected to Montran systems as part of the infrastructure upgrade for trading, custody, and settlement operations.
• BloombergmajorTechnology or IntegrationBloomberg Terminal and platforms are used by CADIEM's Mesa de Dinero (Treasury) for global market data, trading decisions, and portfolio management, aligning operations with international standards.
• Forestal SylvisminorGTM or Marketing PartnerForestal Sylvis is listed as an allied company/partner on CADIEM's website, appearing in the partners section.
• REISAminorGTM or Marketing PartnerREISA is listed as an allied company/partner on CADIEM's website.
• AHK Paraguay (German Chamber of Commerce)minorGTM or Marketing PartnerAHK Paraguay (German Chamber of Commerce Paraguay) awards CADIEM the 2026 seal, indicating institutional partnership for business development.
• Fintech ParaguayminorGTM or Marketing PartnerFintech Paraguay association awards CADIEM the 2026 seal, indicating recognition within the Paraguayan fintech and financial innovation ecosystem.
• Fundación Don CabralmajorStrategic or Co-development PartnerFundación Don Cabral, a renowned Brazilian executive consulting institution, advised CADIEM on its 2023 strategic transformation process to restructure operations and prepare for the investment grade opportunities ahead.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Basa Capital: Basa Capital is one of Paraguay's main casa de bolsa competitors, offering brokerage, mutual fund administration, and corporate finance services to the same Paraguayan investor base as CADIEM. Direct head-to-head competitor in fund administration market share.
• Invertironline (IOL): Argentine online brokerage platform offering self-directed securities trading and mutual fund access. Comparable in its digital-first distribution model and retail investor focus, though operates in a more mature and competitive Argentine market.
• Balanz: Argentine retail brokerage offering securities trading, mutual funds, and wealth management services. Similar business model focused on intermediation for individual and institutional investors in a Spanish-speaking LatAm market with comparable capital market maturity.
• GBM (Grupo Bursátil Mexicano): Mexican brokerage house offering securities intermediation, mutual funds, and wealth management. Directly comparable as a casa de bolsa / brokerage model serving retail and institutional clients in a developing LatAm capital market.
• Bursanet (Actinver): Mexican retail brokerage platform operated by Actinver, offering online securities trading, mutual funds, and investment advisory. Comparable in combining digital onboarding, fund distribution, and personalized advisory for retail investors in a LatAm market.

Broad incumbents

• XP Inc: Brazilian retail investment platform with extensive fund distribution, securities brokerage, and wealth management offerings. Relevant comparison for CADIEM's digital onboarding and investor education-led growth strategy, though operating at vastly larger scale.
• BTG Pactual: Brazilian investment bank with retail digital platform (BTG Pactual Digital) offering brokerage, mutual funds, fixed income, and wealth management. Provides a scaled reference point for CADIEM's potential trajectory in brokerage and asset management across LatAm.
• SURA Asset Management: Latin American asset manager with operations across multiple countries managing pension funds, mutual funds, and investment portfolios. Relevant comparison for CADIEM's mutual and investment fund management business, though operating at much larger scale and across multiple jurisdictions.
• Larraín Vial: Chilean investment firm offering brokerage, asset management, and corporate advisory across LatAm. Comparable business model spanning securities intermediation, mutual/investment funds, and corporate finance, though operating at significantly larger scale and across more markets.

Regional players

• Inteligo: Peruvian brokerage and wealth management firm offering securities intermediation, mutual funds, and corporate advisory. Comparable operating model as a regional casa de bolsa in a similarly-sized Spanish-speaking LatAm economy.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/cadiempy
• Facebookfacebook.com/cadieminversionesparatodos
• Instagraminstagram.com/cadiemparaguay

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Cadiem Casa de Bolsa