Bolsa de Valores de Nicaragua

What Bolsa de Valores de Nicaragua does

Bolsa de Valores de Nicaragua, S.A. (BVN) is Nicaragua's national securities exchange, founded in 1990 and headquartered in Managua. Operating as a regulated market infrastructure entity, BVN facilitates primary and secondary trading across multiple market segments including equities (Renta Variable), fixed income (Mercado Deuda/Bonos), repurchase agreements (Reportos), public-sector instruments, and foreign securities (Valores Extranjeros). Settlement and depository functions are handled through CENIVAL, a related central securities depository, while investor access is intermediated exclusively through four authorized brokerage firms (Puestos de Bolsa): INVERCASA, INVERNIC, PROVALORES, and VALORES LAFISE. As of the available data, only nine private-sector issuers and five international investment funds (with US$283.5M+ authorized capital) are listed on the exchange.

The exchange's product portfolio also includes the Mercado de Facturas, a distinctive invoice-factoring platform that converts accounts receivable into tradable financial instruments, providing liquidity to suppliers and a fixed-income instrument to investors. Supporting services include market statistics, material events reporting (Hechos Relevantes), financial-education programs including a broker-agent certification exam (Examen Agente Corredor), and the quarterly Conexión Bolsa bulletin. BVN is a member of AMERCA (Asociación de Mercados de Capitales de las Américas), embedding it in regional Latin American/Caribbean capital-markets networks.

BVN generates revenue through transaction and commission fees on securities trading (capped at 0-2% across market segments depending on the brokerage firm), listing fees charged to issuers for securities registration, and recurring market-data and statistics subscriptions. Pricing structures are publicly disclosed and vary across the four authorized brokers. The firm operates with 11-50 employees and is privately held as a Nicaraguan S.A. with no disclosed parent company, private-equity backing, or public listing.

Name

Bolsa de Valores de Nicaragua

Legal name

Bolsa de Valores de Nicaragua, S.A.

Website

https://bolsanic.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Bolsa de Valores de Nicaragua (BVN) is Nicaragua's privately held national securities exchange, operating primary and secondary markets for equities, fixed income, and an invoice-factoring platform, serving investors and issuers through four authorized brokerage firms.

Ownership category

akta.pro rank

Product category

Securities Exchange

NAICS

Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Agency & Supranational Bond Trading Platforms (FSAFACAD)

Keywords

• Securities exchange operations
• Equity trading services
• Fixed income markets
• Corporate capital raising
• Financial market infrastructure

Headquarters

HQ city

Managua

HQ country

Nicaragua

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction and Commission Fees: BVN generates revenue through commission fees charged on securities transactions executed through the exchange. Fee structures vary by market segment (primary, secondary, reportos) and are capped at maximum rates.
2. Listing Fees: Fees charged to issuers (companies) for listing securities on the exchange, including bonds, stocks, and investment fund shares.
3. Market Data and Statistics Services: Revenue from providing statistical reports, daily bulletins, and market data publications including the quarterly 'Conexión Bolsa' bulletin and daily market reports.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Bolsa de Valores de Nicaragua (BVN) is the national securities exchange of Nicaragua, operating regulated primary and secondary markets for the issuance and trading of stocks, bonds, government securities, foreign securities, and repurchase agreements. It also operates the Mercado de Facturas (Invoice Market), which converts accounts receivable into tradable financial instruments, and connects issuers with investors through four authorized brokerage firms (Puestos de Bolsa).

Product overview

Bolsa de Valores de Nicaragua (BVN) operates as a unified securities exchange platform offering multiple interconnected trading markets. The core offering consists of the Primary Market and Secondary Market for securities issuance and trading, complemented by specialized markets including Renta Variable (equities), Mercado Deuda/Bonos (fixed income/bonds), Valores Extranjeros (foreign securities), Mercado de Reportos (repurchase agreements), and Instrumentos del Sector Público (government securities). A distinctive innovation is the Mercado de Facturas (Invoice Market), a financial technology that converts accounts receivable into tradable instruments. Supporting infrastructure includes CENIVAL (clearing and settlement depository), four authorized brokerage firms (Puestos de Bolsa: INVERCASA, INVERNIC, VALORES LAFISE, PROVALORES), market statistics, financial education, and regulatory compliance services.

Differentiator

Problem solved

Functional benefit

Brands

• Mercado de Facturas (MF): A regulated invoice factoring market operated by BVN that allows suppliers to convert accounts receivable into negotiable financial instruments, providing immediate liquidity.
• Conexión Bolsa

Products and services

• Mercado Primario (Primary Market) Primary market platform for issuing and trading new securities, including stocks and bonds at first-time issuance. Used by corporate and government issuers to raise capital through public offerings.
• Mercado Secundario (Secondary Market) Secondary market platform for trading previously issued securities, providing liquidity to investors who want to buy or sell existing stocks, bonds, and other instruments.
• Renta Variable (Variable Income / Equities) Market segment for variable income instruments including stocks and equity-related securities, enabling investors to participate in company ownership.
• Valores Extranjeros (Foreign Securities) Market segment for foreign securities trading, enabling investors to access international investment opportunities through INVERCASA's authorized international operations.
• Mercado Deuda / Bonos (Debt Market) Debt market offering bonds and fixed-income instruments for corporate and government issuers, serving investors seeking fixed returns.
• Mercado de Reportos (Repurchase Agreements) Repurchase agreement market for short-term financing and liquidity management, allowing participants to use securities as collateral for short-term funding.
• Instrumentos del Sector Público (Public Sector Instruments) Market for public sector instruments including government bonds and treasury securities issued by the Nicaraguan state.
• Servicios de Liquidación (Settlement Services) Settlement services for securities transactions, ensuring proper clearing and transfer of ownership through integration with CENIVAL depository.
• Mercado de Facturas (Invoice Market) Specialized invoice factoring market that converts accounts receivable into tradable financial instruments, providing immediate liquidity to suppliers and creating a new fixed-income investment category for investors.
• Financiamiento Empresarial (Corporate Financing) Corporate financing services connecting companies with capital market funding options, including debt and equity issuance pathways through the exchange.
• CENIVAL (Central Securities Depository) Related clearing and settlement depository for securities transactions in the Nicaraguan market, supporting post-trade infrastructure for the exchange.
• Puestos de Bolsa (Authorized Brokerage Firms) Network of four authorized brokerage firms providing investment advisory and trading services to investors and issuers: INVERCASA, INVERNIC, PROVALORES, and VALORES LAFISE.

Quantifiable outcome

• Enables capital formation through debt and equity issuance for Nicaraguan companies

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• INVERCASAcoreChannel Partner/ Reseller/ DistributorAuthorized brokerage firm (Puesto de Bolsa) providing direct market access to investors. INVERCASA is notably authorized for international market operations. The firm publishes financial statements and maintains a long history of operations dating back to 2009.
• INVERNICcoreChannel Partner/ Reseller/ DistributorAuthorized brokerage firm (Puesto de Bolsa) providing exchange market access to investors. INVERNIC has been operating since 2009 with varying commission structures.
• PROVALOREScoreChannel Partner/ Reseller/ DistributorAuthorized brokerage firm (Puesto de Bolsa) providing exchange market access. PROVALORES has been operational since 2009 with commission rates capped at 2.00%.
• VALORES LAFISEcoreChannel Partner/ Reseller/ DistributorAuthorized brokerage firm (Puesto de Bolsa) affiliated with LAFISE group, providing exchange market access. Commission rates range from 0.00% to 2.00%.
• CENIVALminorOthersCenival (Central de Valores de Nicaragua) is referenced as a related entity providing central securities depository services, functioning as a key market infrastructure component.
• AMERCA (Asociación de Mercados de Capitales de las Américas)coreStrategic or Co-development PartnerBVN is a member of AMERCA, the Association of Capital Markets of the Americas. This regional organization provides benchmarking, knowledge sharing, and market development across Latin American and Caribbean securities exchanges. AMERCA publishes periodic bulletins with regional market data including sovereign curves and market indicators.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Others

• CENIVAL (Central de Valores de Nicaragua): Nicaragua's central securities depository, operationally adjacent to BVN providing clearing and settlement for BVN's transactions; a closely linked infrastructure peer rather than a competitor.

Broad incumbents

• Nasdaq Inc. Global exchange operator providing trading, clearing, and market technology; relevant as a broad incumbent peer benchmark for technology, fee structures, and product breadth of an exchange operator.
• Intercontinental Exchange (ICE): Owner of NYSE and operator of global exchanges and clearing houses; broad incumbent peer for exchange business model, listing fees, and market data revenue mix.
• Bolsa Mexicana de Valores: Mexico's principal stock exchange and the largest in Latin America; comparable in operating model (regulated exchange with primary/secondary markets, clearing infrastructure) but operates at much greater scale and breadth.

Direct peers

• Bolsa de Valores de Honduras: Honduras's Central American securities exchange; a closely comparable small emerging-market exchange with similar product categories and structural challenges around liquidity and issuer base.
• Bolsa Nacional de Valores de Costa Rica: Costa Rica's national securities exchange, directly comparable to BVN as a Central American regulated exchange operating primary/secondary markets with similar authorized brokerage structures and limited scale.
• Bolsa de Valores de Panamá: Panama's principal securities exchange; directly comparable regional peer in Central America, offering primary/secondary markets, fixed income, and equity trading within a small emerging market context.
• Bolsa de Valores de El Salvador: El Salvador's national securities exchange; directly comparable in scale, jurisdiction (small Central American economy), and product mix (equities, fixed income, public instruments) to BVN.

Regional players

• Bolsa de Valores de Colombia: Colombia's stock exchange, a regional Latin American peer with overlapping product offerings (equities, fixed income, repo market) but materially larger scale than BVN, providing a benchmark for growth trajectory.
• Bolsa de Valores de Lima: Peru's main securities exchange, a regional Latin American peer operating similar product categories (equities, bonds, repos) at a larger scale, useful as a sizing/proxy benchmark.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@bolsadevaloresdenicaraguas2090
• Facebookfacebook.com/bolsadevaloresdenicaragua
• LinkedInlinkedin.com/company/bolsa-valores-nicaragua-oficial
• Instagraminstagram.com/bolsa_de_valores_de_nicaragua_
• Xx.com/BVdNicaragua

Revenue estimate

Valuation estimate

Number of profiles

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 Bolsa de Valores de Nicaragua