VALO

What VALO does

VALO (Banco de Valores S.A.) is a Buenos Aires-headquartered financial institution founded in 1978 by Mercado de Valores de Buenos Aires S.A. to strengthen Argentine stock brokerage and develop the country's capital markets. Listed on Bolsas y Mercados Argentinos (BYMA) under ticker VALO, the company operates as a regulated bank licensed by CNV and BCRA, with regional subsidiaries in Uruguay (VALO Uruguay / Valores AFISA) and Paraguay (Valores Paraguay Fiduciaria S.A.). It holds a 38% market share in financial trust fiduciary services in Argentina, managing 1,600 trust operations with a total volume of ARS 1.03 trillion, and serves as principal independent custodian for 350 mutual funds with combined assets of ARS 10.97 trillion (as of June 2025).

The company's core technology stack centers on an electronic securities depository system that underpins custody and settlement operations, complemented by web-based home banking, the Acceso Comitentes digital trading platform, and an API Banking platform enabling fintech and corporate integration. Recent additions include VALO Columbus (investment banking acquired via the 2024–2025 merger with Columbus IB Valores S.A. and Columbus MB S.A.), VALO Securities S.A.U. (brokerage subsidiary), and VALO PSP S.A.U. (payment services subsidiary, created April 2026). The company delivers financial trust structuring, mutual fund custody, corporate lending, securities trading and brokerage, investment banking advisory, corporate banking, and structured finance through both direct institutional sales teams and digital self-serve channels.

VALO's revenue model is multi-stream: recurring interest income from corporate lending and credit facilities, transaction-based commissions from fiduciary services, mutual fund custody administration fees, investment banking fees from capital market placements and structured finance, securities trading and brokerage commissions, and subscription/API revenue from fintech-facing banking services. The company reports a 17.9% ROE and a 32% efficiency ratio, with sub-0.5% loan delinquency, and holds the highest fiduciary quality rating (TQ1.ar from Moody's Local) and A1+ (arg) short-term debt rating from FixSCR, plus an AA+.ar deposit rating from Moody's Local. Top-tier credit ratings, 45+ years of operating history, and a diversified institutional client base (securities agents, mutual funds, corporate clients, and individual investors) form the foundation of its competitive position.

Name

VALO

Legal name

Banco de Valores S.A.

Website

https://valo.ar

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

101–250 employees

Short description

VALO (Banco de Valores S.A.) is a Buenos Aires-headquartered, BYMA-listed Argentine bank founded in 1978 that serves as the country's leading financial trust fiduciary (38% market share) and principal independent custodian for 350 mutual funds, offering corporate banking, investment banking, securities brokerage, and API banking across Argentina, Uruguay, and Paraguay.

Ownership category

akta.pro rank

Product category

Capital Markets Services

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industries

Leveraged Loans & CLOs (FSAAAHAF), Private Credit — Structured Credit (CLOs, ABS, Private Securitizations) (FSAHAJAH)

Keywords

• Securities custody
• Financial trust services
• Mutual fund custody
• Investment banking
• Corporate banking

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Corporate Lending: VALO generates revenue through interest income on corporate loans and credit facilities extended to business clients.
2. Commission Income from Fiduciary Services: Fees earned as fiduciary agent managing financial trusts and as custodian for mutual funds, representing a significant revenue stream given VALO's market leadership position.
3. Investment Banking Fees: Revenue from capital market operations including debt and equity placements, structured finance, and financial advisory services.
4. Securities Trading and Brokerage Commissions: Commissions from securities trading, brokerage operations, and market-making activities.
5. API Banking Services: Revenue from API-enabled banking services provided to fintech partners and digital platforms for integrated financial operations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

VALO (Banco de Valores S.A.) is an Argentine licensed bank that acts as the leading independent financial fiduciary and securities custodian in the country, administering financial trusts (fideicomisos) and providing custody services for mutual funds (fondos comunes de inversion). The bank also offers corporate lending, investment banking advisory through its VALO Columbus division, and an API Banking platform enabling fintech partners to integrate financial services.

Product overview

VALO (Banco de Valores S.A.) operates as a comprehensive financial services institution offering a platform-plus-services architecture. The core offering centers on trust services (Fideicomisos) where VALO is the principal financial fiduciary in Argentina with 38% market share, and independent custody of mutual funds (Fondos Comunes de Inversión) with 350 funds under custody. VALO Columbus provides investment banking capabilities, while Banca Corporativa serves corporate clients. The API Banking platform enables third-party integration of financial services. The bank also offers digital banking through Home Banking and Acceso Comitentes platforms, and has expanded regionally with subsidiaries in Uruguay and Paraguay. Recently, VALO has been developing FAL (Fondos de Asistencia Laboral) as a new product category aligned with labor modernization regulations.

Differentiator

Problem solved

Functional benefit

Brands

• VALO Columbus: Investment banking services division offering comprehensive financial and strategic advisory solutions.
• API Banking

Products and services

• Home Banking
• Acceso Comitentes
• Fideicomisos (Trust Services)
• Fondos Comunes de Inversion (Mutual Funds)
• VALO Columbus (Investment Banking)
• Banca Corporativa
• API Banking
• FAL (Fondos de Asistencia Laboral)

Quantifiable outcome

• 38% market share as leading financial trust fiduciary in Argentina
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• BALANZminorChannel Partner/ Reseller/ DistributorBALANZ served as the managing society, organizer, and sub-placer in the MercadoLibre FCIC de Créditos placement where VALO participated, indicating a distribution partnership for structured credit products.
• BYMA (Bolsas y Mercados Argentinos)coreStrategic or Co-development PartnerVALO operates as agents of BYMA, participating in Argentina's primary stock exchange and capital markets infrastructure as a licensed securities agent and custodian.
• Columbus IB Valores S.A. and Columbus MB S.A.coreOthersVALO underwent a merger/fusion process with Columbus IB Valores S.A. and Columbus MB S.A., combining operations to create a larger independent financial services entity.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Cohen Aliados Financieros: Cohen is a leading independent Argentine financial advisory and broker-dealer providing fixed-income sales and trading, capital markets advisory, and structured finance. Comparable to VALO as an independent broker-dealer focused on institutional clients in the Argentine capital markets.
• InvertirOnline (IOL): IOL is an Argentine online broker-dealer providing securities trading, mutual fund distribution, and investment services to retail investors. Comparable to VALO as a digital capital markets intermediary serving Argentine investors; both firms operate Acceso Comitentes-style brokerage platforms.
• Portfolio Personal de Inversiones (PPI): PPI is an Argentine broker-dealer offering retail and institutional access to local and foreign securities, mutual funds, and fixed-income products. Comparable to VALO through ALyC operations and digital brokerage capabilities, though PPI focuses more on retail investors while VALO is more institutional.
• Banco de Servicios y Transacciones (BST): BST is an Argentine bank focused on corporate banking, securities trading, and capital markets services for institutional clients. Comparable to VALO as a capital markets-focused Argentine bank serving similar institutional and corporate client segments with overlapping brokerage and fiduciary capabilities.
• BALANZ Capital Broker: BALANZ is an independent Argentine broker-dealer offering securities trading, mutual funds, corporate trust placement, and capital markets services. Directly comparable to VALO as an independent capital markets intermediary; BALANZ served as co-placer on the MercadoLibre FCIC de Créditos placement alongside VALO, evidencing direct product overlap.

Emerging players

• Mercado Pago (MercadoLibre): Mercado Pago is the largest Argentine fintech, offering payments, digital banking, asset management, and API banking services. Comparable to VALO in digital and API banking offerings; a potential partner or competitor as Mercado Pago's growing fintech stack intersects with VALO's API Banking and custody services.

Broad incumbents

• Banco Macro: Banco Macro is one of Argentina's largest national private banks, offering commercial banking, corporate banking, and capital markets services including trust structuring. Comparable to VALO as a broad Argentine bank with fiduciary and corporate banking capabilities, though with a heavier regional retail footprint.
• Grupo Financiero Galicia: Grupo Financiero Galicia controls Banco Galicia and Galicia Asset Management, providing retail and corporate banking, securities brokerage, asset management, and custody services in Argentina. Comparable to VALO across multiple product lines (brokerage, custody, corporate banking) though with significantly broader retail exposure.
• Banco Santander Argentina: Banco Santander Argentina is one of the largest private commercial banks in Argentina, offering corporate banking, investment banking, securities services, and custody. Comparable to VALO as a broad incumbent in the Argentine capital markets ecosystem, though Santander operates at materially larger scale across retail and corporate segments.

Others

• Bolsas y Mercados Argentinos (BYMA): BYMA is the principal Argentine stock exchange and central counterparty where VALO is listed (ticker: VALO) and operates as a licensed securities agent. Comparable as a core infrastructure participant in the same capital markets ecosystem, though BYMA functions as market operator while VALO operates as fiduciary/custodian/broker.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/valo_arg
• YouTubeyoutube.com/@valo_arg
• LinkedInlinkedin.com/company/valo-argentina

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

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 VALO