What BZA Group does

BZA Group is an Argentine family-owned diversified business group founded in 1951 and headquartered in Rafaela, Santa Fe. The group operates seven wholly-owned subsidiaries running eight companies under the brands Megatone, Megacash, Total Support, Cobro Express, and Transfery. It serves Argentine retail consumers (home goods and appliances via Megatone), borrowers (personal credit through Megacash), bill payers (Cobro Express), senders of international remittances (Transfery), and corporate clients needing debt collection (Total Support). The group operates exclusively within Argentina and discloses no revenue, headcount, or external funding, reflecting its private, family-controlled status.

The group's offerings span the full consumer financial services and retail stack. Megatone runs what the company describes as the largest home articles and appliances retail network in Argentina. Megacash extends personal credit through both its own branches in Rafaela, Catamarca, La Rioja, and Tucumán and an alliance with Megatone that covers 12 Argentine provinces. Cobro Express provides 24/7/365 bill payment services with proprietary security protocols and a decade-plus operating history. Transfery, launched in 2016, handles international remittances in partnership with RIA and MoneyGram. Total Support operates as a B2B debt collection arm, and Carga Express, launched in 2006, handles mobile recharge. Cobro Express Global SA, constituted in 2016, extends the payments and remittance franchise.

The group's technology stack centers on proprietary assets: a proprietary payment processing platform, a proprietary credit scoring system, and an SAP-based ERP supporting logistics and back-office operations. Business model mechanics vary by unit — retail sales of home goods (Megatone), interest and fee income on personal credit (Megacash), transaction fees on bill payment and remittances (Cobro Express, Transfery), and B2B service contracts (Total Support). The group discloses no revenue, headcount, or external funding rounds and is privately held.

Name

BZA Group

Legal name

BZA Group

Website

https://bzagroup.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BZA Group is a privately-held Argentine diversified business group founded in 1951 in Rafaela, Santa Fe. It operates seven subsidiaries spanning retail (Megatone), personal credit (Megacash), bill payment (Cobro Express), international remittances (Transfery), and B2B debt collection (Total Support).

Ownership category

akta.pro rank

Product category

Diversified Retail and Financial Services

NAICS

Collection Agencies (561440), Collection Agencies (56144)

SIC

Personal Credit Institutions (6141), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Collections, Delinquency Management & Bad Debt Recovery (EDALAJAG)

Keywords

• Consumer electronics retail
• Personal consumer loans
• Bill payment services
• International money remittance
• Debt collection services

Headquarters

HQ city

Madero

HQ country

Mexico

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Retail Sales (Megatone): Sale of home articles including appliances, TV, audio, video, computing, and cellular phones through the Megatone retail chain, the largest home articles network in Argentina
2. Personal Credit (Megacash): Personal loans with payment plans of up to 24 fixed installments in pesos, targeting employed individuals without banking access. Loans approved in under 15 minutes
3. Bill Payment Services (Cobro Express): Extra-bank collection network for taxes, utilities, and service bills, operating 24 hours a day, 365 days a year. Also includes Carga Express for mobile phone credit recharge
4. Remittance Services (Transfery): Family remittance service enabling money transfers between Argentina and countries such as Paraguay, Bolivia, Peru, Spain (outgoing) and USA, Spain, Italy (incoming)
5. Collection Services (Total Support): Comprehensive debt collection management for delinquent portfolios including early, late, and judicial collection, serving corporate clients with professional and personalized service
6. Logistics Services (Logme): Logistics distribution center in Campana, Buenos Aires, distributing merchandise to Megatone branches nationwide under SAP ERP management

Go-to-market motion1 record

Distribution channels5 records

Marketing channels1 record

Core offering

BZA Group is a diversified Argentine conglomerate operating eight subsidiaries that deliver retail (Megatone: home appliances, electronics, computing, cellular phones), consumer credit (Megacash: personal loans up to 24 fixed installments in pesos, approved in under 15 minutes), extra-bank bill payment (Cobro Express: taxes, utilities, services, 24/7/365), international family remittances (Transfery: Argentina–Paraguay, Bolivia, Peru, Spain, USA, Italy), corporate debt collection (Total Support), and logistics services (Logme). The group combines an extensive physical network with proprietary transaction-processing and credit-scoring technology.

Product overview

BZA Group is a diversified Argentine business group comprising seven companies operating under commercial brands including Megatone (electronics and home goods retail), Megacash (personal loans and financial services), Cobro Express (bill payment and collections network), Transfery (international remittances), Total Support (debt collection services), and Logme (logistics and distribution). The Group serves the Argentine market with retail, financial, payment, and business services through an integrated network of physical branches and distribution centers.

Differentiator

Problem solved

Functional benefit

Brands

• Megatone.net: Retail brand for household articles, appliances, electronics, computing, and cellular phones operated by Bazar Avenida SA.
• Megacash
• Cobro Express / Pagos Cobro Express
• Transfery
• Total Support
• Logme
• Carga Express

Products and services

• Megatone (Bazar Avenida SA) Retail chain selling home articles including appliances, TV, audio, video, computing, and cellular phones, operated through owned storefronts across Argentina and recognized as the country's largest home articles network.
• Megacash (Consumo SA) Financial services company offering personal loans to employed individuals without banking access, with payment plans of up to 24 fixed peso installments, competitive market rates, and approval in under 15 minutes via an online scoring system linked to major credit-risk centers. Distributed through the Megatone alliance across 12 provinces plus dedicated branches in Rafaela, Catamarca, La Rioja, and Tucumán.
• Cobro Express (Tinsa SA) National extra-bank payment network where individuals can pay taxes, utility bills, and service invoices from affiliated companies. Operates 24 hours a day, 365 days a year through proprietary software developed under high security protocols, capable of processing millions of operations daily in real-time.
• Transfery (Cobro Express Global SA) International family remittance service enabling money transfers between Argentina and countries including Paraguay, Bolivia, Peru, Spain (outgoing) and USA, Spain, Italy (incoming), leveraging strategic partnerships with RIA and MoneyGram.
• Total Support (Total Support SA) Integral debt collection management services for corporate clients with delinquent portfolios, covering early, late, and judicial collection, plus case administration and human resources services.
• Logme (LOGME SA)

Quantifiable outcome

• Largest home articles retail network in Argentina
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• RIAcoreStrategic or Co-development PartnerRIA is a strategic partner for Transfery, BZA Group's family remittance service. The partnership enables international money transfer operations from Argentina to Paraguay, Bolivia, Peru, Spain, and other destinations.
• MoneyGramcoreStrategic or Co-development PartnerMoneyGram is a strategic partner for Transfery, BZA Group's family remittance service. Through this partnership, Transfery leverages MoneyGram's global network for international money transfers, including remittances received from USA, Spain, and Italy.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Coppel: Mexican retailer combining home goods, electronics, and consumer credit ("Coppel Pay") for the underbanked. Highly comparable business model to the Megatone-Megacash retail-plus-credit integration BZA operates in Argentina.
• Grupo Elektra: Mexican electronics retailer and consumer credit provider (Banco Azteca), serving the underbanked with point-of-sale credit at retail. Directly comparable to BZA's Megatone-Megacash vertically integrated electronics-plus-credit model.
• PagoFácil: Argentina's largest extra-bank bill payment network. Directly comparable to Cobro Express in service offering (tax, utility, and service bill payments) and physical agent-based distribution model.
• Musimundo: Argentine consumer electronics and home goods retailer with a national physical footprint. Closely comparable to Megatone in product mix (electronics, appliances, computing) and Argentine market focus.
• Frávega: One of Argentina's largest consumer electronics and home appliance retailers. Directly comparable to BZA's Megatone brand in product category (appliances, TV, audio, computing) and target customer base, and competes for the same Argentinian retail share.
• Rapipago: Major Argentine extra-bank payment network for taxes and utility bills. Comparable to Cobro Express in service category and physical agent footprint, and competes for the same bill-payment customer base.

Broad incumbents

• Banco Columbia: Argentine bank focused on consumer and personal loans to the unbanked and informal-economy workers. Broad incumbent serving the same borrower demographic as Megacash, though through a regulated banking charter.
• Mercado Pago: Argentine digital wallet and payments platform offering bill payment, consumer credit, and remittances. Broad incumbent in the same consumer financial services space as Megacash, Cobro Express, and Transfery, with a digital-first rather than physical-first distribution model.
• Falabella (Argentina/LatAm): Chilean-headquartered multichannel retailer with home goods, electronics, and integrated consumer credit (CMR). Broad incumbent comparable to the Megatone-Megacash combined offering, though with regional rather than domestic-only focus.

Regional players

• Grupo Éxito: Colombian retail conglomerate with integrated financial services (Tuya, Puntos Colombia) serving the unbanked. Comparable diversified retail-plus-financial-inclusion model to BZA, though operating in Colombia rather than Argentina.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bzagroup

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 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 BZA Group