SpinGo
SpinGo is a Mexican fintech providing car title loans to individuals and small business owners, allowing borrowers to retain vehicle use while accessing up to 90% of appraised value through a fully digital, 24-hour approval process across central Mexico.
- Company typePrivate
- Founded2021
- HeadquartersLomas De Chapultepec, Mexico
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What SpinGo does
SpinGo (legal entity SPGO SA de CV) is a Mexican fintech founded in 2021 that provides car title loans (empeño de autos) to individuals and small business owners. The company allows borrowers to use their vehicle as collateral while retaining the ability to drive it, addressing a gap left by traditional pawn shops that require surrendering the asset. SpinGo serves two customer segments through distinct products: the core SpinGo offering for individual consumers in Mexico City and the State of Mexico, and SpinGo Pyme, a sub-brand targeting Persona Física con Actividad Empresarial borrowers with ticket sizes up to $350,000 MXN for working capital, payroll, and liquidity needs.
The underlying technology is a fully digital origination platform comprising an online loan simulator (cotizador) that calculates loan amount and monthly payment in real time based on vehicle value, paired with an advisor-led field verification step and same-day contract signing with fund disbursement. The platform operates without credit bureau checks or income verification and advertises 24-hour average approval. SpinGo earns revenue primarily through interest on secured loan principal, with loans ranging from $30,000 MXN up to 90% of appraised vehicle value and unlimited renewals.
The go-to-market is product-led and digitally distributed: customers apply via the website simulator or WhatsApp, advisors conduct in-person vehicle inspections at customer locations, and the company holds PROFECO and AMESPRE registrations. SpinGo operates with 11-50 employees from its headquarters in Lomas de Chapultepec, Mexico City, with disclosed service coverage in CDMX, State of Mexico, Morelos, Hidalgo, Querétaro, and Puebla, and has reportedly served more than 500 customers with over $50M MXN in cumulative loans disbursed.
SpinGo firmographics
Firmographics- Name
- SpinGo
- Legal name
- SPGO SA de CV
- Website
- https://spingo.mx
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SpinGo is a Mexican fintech providing car title loans to individuals and small business owners, allowing borrowers to retain vehicle use while accessing up to 90% of appraised value through a fully digital, 24-hour approval process across central Mexico.
- Ownership category
- akta.pro rank
SpinGo industry classification
Industry- Product category
- Auto Title Lending
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SME/Business Neobanks (FSABAFAB)
- akta.pro secondary industry
- Small Business Debt Consolidation & Refinance (Owner/SME) (FSAKAIAI)
Keywords
Where SpinGo is headquartered
LocationHeadquarters
- HQ city
- Lomas De Chapultepec
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
SpinGo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Car Title Loans: SpinGo provides secured loans using the borrower's vehicle as collateral. Customers receive up to 90% of their car's appraised value. The company earns interest on the loan principal, with rates described as competitive and transparent. Loans can be renewed without limit.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard car title loans from $30,000 MXN |
| Transaction based/ take rate | Pay-as-you-go | SpinGo Pyme business loans up to $350,000 MXN |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
SpinGo product offering
Product offeringCore offering
SpinGo is a Mexican fintech company that provides car title loans (empeño de autos), allowing borrowers to keep driving their vehicles while pledging them as collateral. The company operates two distinct lending lines: SpinGo for individuals needing personal liquidity and SpinGo Pyme for entrepreneurs (Persona Física con Actividad Empresarial) seeking working capital for their businesses. The entire application, evaluation, and pre-approval process is conducted online through a digital simulator.
Product overview
SpinGo is a single-platform fintech offering car title loans in Mexico with two distinct products: the core SpinGo service for individual borrowers and SpinGo Pyme for small and medium-sized enterprises (SMEs). Both products share the same underlying mechanics — using the borrower's car as collateral without requiring the vehicle to be surrendered — but target different customer segments: individuals seeking personal loans versus business owners needing working capital. The platform operates entirely digitally with a 3-step process: online application, vehicle inspection by an advisor, and same-day contract signing with fund disbursement.
Differentiator
Problem solved
Functional benefit
Brands
- SpinGo Pyme: A business financing solution for entrepreneurs using their vehicles as collateral for working capital, payroll, and immediate liquidity.
Products and services
- SpinGo (Personal Car Title Loan) Car title loan product for individual borrowers in Mexico who need personal liquidity. Borrowers pledge their vehicle as collateral while retaining the ability to keep driving it. The application, evaluation, and pre-approval are completed through an online simulator, with the company purchasing the vehicle and the customer continuing to use it through a rental agreement.
Quantifiable outcome
- 24-hour average loan approval time
- +2 more outcomes
Companies that use SpinGo
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
SpinGo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
SpinGo partnerships and signals
Strategic signalScale indicators4 records
Recent moves3 records
Expansion highlights4 records
SpinGo competitors and assessment
Company assessmentEmerging players
- Stori: Mexican fintech issuing credit cards to underbanked consumers; intersects with SpinGo's target customer (thin-file Mexican borrowers) via alternative-data underwriting, though product is unsecured revolving credit.
- Alprestamo: Mexican online loan comparison/aggregator platform servicing individual borrowers; adjacent digital lending competitor feeding the same lead-generation channel as SpinGo.
Others
- AMESPRE (Asociación Mexicana de Empresas de Servicios Prendarios): Mexican industry association for licensed empeño/prendario operators; appears alongside SpinGo branding, signaling the regulatory and competitive community in which car-collateral lenders operate.
Direct peers
- Kubo Financiero: Mexico-based digital lending platform targeting SMEs and individuals without traditional banking access; competes for the same thin-file, no-bureau borrower pool with digital-first origination.
- Kueski: Mexico-based digital consumer lending platform offering online credit to underbanked individuals; closest comparable in product-led, no-branch, data-driven underwriting targeting thin-file borrowers in Mexico.
- Nacional Monte de Piedad: Mexico's largest traditional empeño / pawnshop chain providing collateralized short-term credit; the legacy incumbent against which SpinGo is building a digital, vehicle-only, borrower-keeps-car alternative.
- PrestaSimple: Mexican online lender focused on SME working capital; directly comparable to SpinGo Pyme in serving underbanked small business owners outside the traditional banking system.
Broad incumbents
- Nu México: Mexican digital bank expanding from accounts into credit products; broad incumbent in Mexican fintech targeting the same digitally native, previously underserved consumer base.
- Banco Compartamos: Mexican microfinance institution serving low-income and informal borrowers; broad incumbent addressing overlapping customer needs (working capital, emergency liquidity) through a much larger traditional infrastructure.
- Afirme: Mexican commercial bank offering auto financing and SME loans; competes for the same car-collateralized credit demand but through traditional branch-based underwriting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
SpinGo social profiles
Digital presenceSpinGo financial estimates
Financial estimateRevenue estimate
Valuation estimate
SpinGo leadership team
Management profileNumber of profiles
SpinGo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SpinGo 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 SpinGo
What does SpinGo do?
SpinGo is a Mexican fintech company that provides car title loans (empeño de autos), allowing borrowers to keep driving their vehicles while pledging them as collateral. The company operates two distinct lending lines: SpinGo for individuals needing personal liquidity and SpinGo Pyme for entrepreneurs (Persona Física con Actividad Empresarial) seeking working capital for their businesses. The entire application, evaluation, and pre-approval process is conducted online through a digital simulator.
Is SpinGo a public or private company?
SpinGo is a private company. It is classified as unknown and is currently operating.
When was SpinGo founded?
SpinGo was founded in 2021. It employs 1 to 10 people.
Where is SpinGo based?
SpinGo is headquartered in Lomas De Chapultepec, Mexico, in the Latin America region.
How does SpinGo make money?
One revenue line is on record: car Title Loans.
Who are SpinGo's main competitors?
Emerging players on record are Stori and Alprestamo. AMESPRE (Asociación Mexicana de Empresas de Servicios Prendarios) is listed as an others. Direct peers are Kubo Financiero, Kueski, Nacional Monte de Piedad and PrestaSimple. Broad incumbents are Nu México, Banco Compartamos and Afirme.
Does SpinGo have an API?
No public API is recorded for SpinGo.
What industry is SpinGo in?
SpinGo's product category is Auto Title Lending. Its primary akta.pro industry code is FSABAFAB, SME/Business Neobanks, with a secondary code of FSAKAIAI, Small Business Debt Consolidation & Refinance (Owner/SME). Its NAICS code is 5222 and its SIC code is 6153.