Accendo Banco
Accendo Banco is a Mexican multiple banking institution in judicial liquidation, administered by IPAB through Álvarez & Marsal México as authorized liquidating agent. The entity has ceased banking operations and exists solely to resolve 407 recognized creditor claims totaling approximately $5.84 billion MXN.
- Company typePrivate
- Founded2018
- HeadquartersCuauhtémoc, Mexico
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Accendo Banco does
Accendo Banco, S.A., Institución de Banca Múltiple en Liquidación Judicial is a Mexican multiple banking institution that has ceased operating and is currently in judicial liquidation. The entity was placed under the resolution authority of the Instituto para la Protección al Ahorro Bancario (IPAB), Mexico's bank deposit insurance and resolution authority, which is acting as Judicial Liquidator (Liquidador Judicial). Álvarez & Marsal México, S.C. has been appointed as the Authorized Liquidating Agent (Apoderado Liquidador) to manage day-to-day liquidation operations on IPAB's behalf, including creditor communications, asset management, and execution of the liquidation sentence.
The bank's residual function is the orderly statutory resolution of creditor claims under Mexico's Ley de Instituciones de Crédito. On March 3, 2023, the Eleventh District Judge in Civil Matters in Mexico City published the Sentence of Recognition, Graduation and Priority of Credits within case number 308/2021, recognizing total claims of $5,840,982,324.30 MXN across 407 creditors distributed across nine statutory priority grades. These grades range from constitutional labor credits (Grade I, 97 creditors, $30,626,714.89 MXN) through IPAB-guaranteed and excess-guaranteed obligations (Grades V–VI, ~$4.77B MXN) to general unsecured obligations (Grade VII, 146 creditors, $1,036,779,936.46 MXN). Several priority grades have zero recognized creditors. No technology platform, proprietary product, or active revenue model is disclosed; the entity does not generate operating revenue and has no commercial customer base.
The entity maintains offices in Ciudad de México — a primary liquidation office on Avenida Diagonal Patriotismo 260 (for creditor credit verification) and a clarification office on Avenida Paseo de la Reforma 243 (for Solicitud de Aclaración submissions), with IPAB's headquarters at Varsovia 19 listed for reference. Communication is restricted to official liquidation notices, a telephone help line (55 5257 7800), and statutory creditor consultation processes. The investment-relevant question for this entity is the pace of creditor recovery and final asset disposition under IPAB supervision rather than any operating growth or product strategy.
Accendo Banco firmographics
Firmographics- Name
- Accendo Banco
- Legal name
- Accendo Banco, S.A., Institución de Banca Múltiple en Liquidación Judicial
- Website
- https://accendo.com.mx
- Company type
- Private
- Founded year
- 2018
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- Accendo Banco is a Mexican multiple banking institution in judicial liquidation, administered by IPAB through Álvarez & Marsal México as authorized liquidating agent. The entity has ceased banking operations and exists solely to resolve 407 recognized creditor claims totaling approximately $5.84 billion MXN.
- Ownership category
- akta.pro rank
Accendo Banco industry classification
Industry- Product category
- Commercial Banking (in judicial liquidation)
- NAICS
- Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)
- SIC
- Functions Related To Depository Banking, Nec (6099), National Commercial Banks (6021)
- akta.pro primary industry
- General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC)
- akta.pro secondary industries
- Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB), Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL)
Keywords
Where Accendo Banco is headquartered
LocationHeadquarters
- HQ city
- Cuauhtémoc
- HQ country
- Mexico
- HQ region
- Latin America
Offices3 records
Markets served
Accendo Banco business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others
Accendo Banco product offering
Product offeringCore offering
Accendo Banco was a multiple banking institution (Institución de Banca Múltiple) in Mexico; the entity is currently in judicial liquidation and does not offer active banking products or services. Its sole current function is the statutory resolution process managed by IPAB through Álvarez & Marsal México as authorized liquidating agent, including creditor claim recognition, asset disposition, and pro rata distribution of proceeds to 407 recognized creditors totaling $5,840,982,324.30 MXN.
Product overview
Accendo Banco, S.A., Institución de Banca Múltiple en Liquidación Judicial was a multiple banking institution in Mexico. The company is currently under judicial liquidation administered by the Instituto para la Protección al Ahorro Bancario (IPAB) through judicial liquidator Alvarez & Marsal México, S.C. The website serves as an informational portal for creditors to verify their recognized debts in the Sentencia de Reconocimiento, Graduación y Prelación de Créditos. No active product portfolio is offered; the entity is in the process of liquidating assets and settling creditor claims totaling approximately $5,840,982,324.30 MXN across 407 recognized creditors.
Differentiator
Problem solved
Functional benefit
Companies that use Accendo Banco
Customer profileSegments5 records
Ideal customer profiles1 record
Accendo Banco technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Accendo Banco partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Instituto para la Protección al Ahorro Bancario (IPAB)coreIPAB serves as the judicial liquidator (Liquidador Judicial) of Accendo Banco, S.A., Institución de Banca Múltiple en Liquidación Judicial. IPAB is Mexico's deposit insurance institution and bank resolution authority, operating under the Ley de Instituciones de Crédito. The institution manages the liquidation proceedings including creditor recognition, asset disposition, and distribution of proceeds according to statutory priority.
- Álvarez & Marsal México, S.C.coreÁlvarez & Marsal México, S.C. acts as the Authorized Liquidating Agent (Apoderado Liquidador) on behalf of IPAB in the judicial liquidation of Accendo Banco. The firm is a professional services and restructuring firm engaged to manage the day-to-day operations of the liquidation process, including creditor communications, asset management, and execution of the liquidation sentence.
Scale indicators3 records
Recent moves4 records
Accendo Banco competitors and assessment
Company assessmentDirect peers
- Banco Compartamos: Mexican multiple banking institution (Institución de Banca Múltiple) regulated under the same Ley de Instituciones de Crédito. Comparable in regulatory category and charter type, though it remains operational.
- Consubanco: Mexican multiple banking institution (Institución de Banca Múltiple) regulated under Mexican banking law. Directly comparable in charter type and regulatory framework.
- Banco Ahorro Famsa: Mexican multiple banking institution that entered judicial liquidation in 2020 under similar IPAB oversight. Most directly comparable peer given shared regulatory framework, resolution process, and defunct operating status.
- Banco Forjadores: Mexican multiple banking institution focused on microfinance. Comparable as a regulated multiple banking institution operating under the same IPAB-supervised framework.
Broad incumbents
- Banco Azteca: Large Mexican commercial bank (multiple banking institution) part of Grupo Elektra. Operates in the same regulatory environment and serves similar retail banking segments but at significantly larger scale and as an ongoing concern.
- Bancoppel: Mexican multiple banking institution serving retail customers through extensive branch network. Comparable regulatory category and customer focus, though considerably larger and operating.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat1 record
Key risks6 records
Key highlights5 records
Customer concentration
Accendo Banco social profiles
Digital presenceAccendo Banco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Accendo Banco leadership team
Management profileNumber of profiles
Accendo Banco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Accendo Banco 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 Accendo Banco
What does Accendo Banco do?
Accendo Banco was a multiple banking institution (Institución de Banca Múltiple) in Mexico; the entity is currently in judicial liquidation and does not offer active banking products or services. Its sole current function is the statutory resolution process managed by IPAB through Álvarez & Marsal México as authorized liquidating agent, including creditor claim recognition, asset disposition, and pro rata distribution of proceeds to 407 recognized creditors totaling $5,840,982,324.30 MXN.
Is Accendo Banco a public or private company?
Accendo Banco is a private company. It is classified as unknown and is currently closed.
When was Accendo Banco founded?
Accendo Banco was founded in 2018. It employs 101 to 250 people.
Where is Accendo Banco based?
Accendo Banco is headquartered in Cuauhtémoc, Mexico, in the Latin America region.
Who are Accendo Banco's main competitors?
Direct peers on record are Banco Compartamos, Consubanco, Banco Ahorro Famsa and Banco Forjadores. Broad incumbents are Banco Azteca and Bancoppel.
Does Accendo Banco have an API?
No public API is recorded for Accendo Banco.
What industry is Accendo Banco in?
Accendo Banco's product category is Commercial Banking (in judicial liquidation). Its primary akta.pro industry code is BPAAAGAC, General Ledger & Close (Journal Entries, Month-End Close, Reconciliations), with a secondary code of BPAAAGAB, Accounts Receivable (Invoicing, Cash Application, Deductions). Its NAICS code is 5221 and its SIC code is 6099.