FONDO DE EMPLEADOS - CORNOTARE

What FONDO DE EMPLEADOS - CORNOTARE does

FONDO DE EMPLEADOS - CORNOTARE (legal name: Fondo de Empleados de Notariado y Registro, NIT 860.037.073-8) is a Colombian employee fund (Fondo de Empleados) founded in 1971 and headquartered at Carrera 6 No. 67-35, Bogotá, Colombia. It operates as a non-profit, member-owned cooperative supervised by the Superintendencia de Economía Solidaria, serving exclusively the employees of the Superintendencia de Notariado y Registro, notarías, oficinas de registro de instrumentos públicos, the Asociación Colegio de Registradores de Instrumentos Públicos de Colombia, and the Sindicato Nacional de Trabajadores de Notariado y Registro. The organization currently operates with approximately 15 employees and runs its XXII General Ordinary Assembly in 2026, indicating over five decades of continuous operation.

CORNOTARE's product portfolio comprises six core lines: affiliation (membership), mandatory savings (minimum 3.0% of basic monthly salary via payroll deduction), multiple credit lines with competitive interest rates, a revolving Tarjeta de Afinidad (Affinity Card), and a subsidies program covering education, health, funeral expenses, and domestic calamity assistance, with subsidies gated by one year of continuous membership. A life insurance add-on is also offered. The technology stack is functional rather than differentiated: a LinIx-based Virtual Office (Oficina Virtual) hosted on servicios3.selsacloud.com provides account queries, credit simulation, and certificate downloads; payments are processed through Colombia's national PSE (Pagos Seguros en L\u00ednea) system with concept code 1001; and dedicated bank accounts at Davivienda, Banco de Bogotá, and Banco Agrario support collection.

Revenue mechanics derive from net interest spread on member credit, affinity-card revolving-credit fees, returns on pooled member savings, and ancillary commercial-agreement commissions. Go-to-market is community-led and employer-anchored: new members enroll via formal admission forms, contributions are collected through employer-authorized payroll deduction, and service delivery is a hybrid of digital self-service (Virtual Office, PSE) and in-person support at the Bogotá headquarters. The fund complements financial products with a portfolio of approximately 18 commercial agreements (convenios) covering education, health, vehicle purchase, wellness, and tourism, including recent partnerships with Universidad de Medellín (2025-11-12), Bodytech (2025-11-11), and Alkosto (2025-11-06). Marketing channels are primarily organic: website, blog, Facebook, Instagram, LinkedIn, and YouTube, with WhatsApp and PBX for direct member support.

Name

FONDO DE EMPLEADOS - CORNOTARE

Legal name

Fondo de Empleados de Notariado y Registro

Website

https://cornotare.com.co

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

FONDO DE EMPLEADOS - CORNOTARE is a Colombian non-profit employee fund (founded 1971) serving exclusively employees of the Superintendencia de Notariado y Registro and affiliated notary and registry entities, providing savings, credit, affinity card, subsidies, and life insurance via payroll-deducted contributions and digital and in-person service channels.

Ownership category

akta.pro rank

Product category

Cooperative Employee Fund \u2013 Savings, Credit, and Member Welfare

NAICS

Credit Unions (522130)

SIC

Personal Credit Institutions (6141), Services-Membership Organizations (8600)

akta.pro industry

PRIMARYFSABAEAC

Community Development Credit Unions (CDCUs)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Employee fund services
• Cooperative financial services
• Savings and credit portfolio
• Payroll deduction contributions
• Member welfare subsidies

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Tarjeta de Afinidad / Affinity Card Commissions: The affinity card product generates income through revolving credit arrangements. Members can acquire affinity card credit based on their repayment capacity.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Cornotare is a Fondo de Empleados (employee fund) cooperative that provides savings, credit, affinity card, life insurance, and welfare subsidies exclusively to employees of Colombia's notary and registry sector. Members join via affiliation and authorize payroll deductions of at least 3.0% of basic monthly salary, which fund mandatory savings and enable access to multiple consumer credit lines, a revolving affinity card, education and health subsidies, and a network of commercial partnership benefits. Operations are supported by a Virtual Office portal and PSE online payments, with in-person service at the Bogot\u00e1 headquarters.

Product overview

Cornotare is a employee fund (Fondo de Empleados) for employees of notary offices and public registry offices in Colombia. The organization offers a unified portfolio of financial services including membership (Afiliación), savings programs (Ahorro), multiple credit lines (Crédito), affinity cards (Tarjeta de Afinidad), and various subsidies for education, health, and emergencies (Subsidios). Additional services include life insurance (Seguro de Vida), a virtual office platform for account management, and secure online payment processing via PSE. The fund also maintains partnership agreements (Convenios) with external providers for education, health, vehicle purchase, wellness, and tourism benefits. Associates can access these services upon affiliation, with credit lines available immediately and subsidies after one year of continuous membership.

Differentiator

Problem solved

Functional benefit

Products and services

• Afiliaci\u00f3n (Affiliation Service) Membership service that admits eligible employees of notar\u00edas, oficinas de registro de instrumentos p\u00fablicos, the Superintendencia de Notariado y Registro, and affiliated entities as associates of Cornotare, requiring identity documents and employment certification.
• Ahorro (Savings) Mandatory periodic savings program requiring associates to contribute a minimum of 3.0% of their monthly basic salary via payroll deduction, accumulating member savings over time.
• Cr\u00e9dito (Credit Lines) Portfolio of credit lines with competitive interest rates available to associates for purposes including libre inversi\u00f3n (free investment), with specific requirements varying per credit line.
• Tarjeta de Afinidad (Affinity Card) Revolving credit card issued to associates with a credit limit assigned based on payment capacity and low management fees, supporting ongoing consumption credit under the affinity brand.
• Subsidios (Subsidies) Welfare subsidy program offering educational subsidies, health subsidies, domestic calamity assistance, and funeral expense coverage for associates with one year of continuous membership.
• Seguro de Vida (Life Insurance) Group life insurance protection covering associates and their families, providing financial security in case of death of the insured member.
• Oficina Virtual (Virtual Office)

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Universidad de Medellín – Sede BogotácoreStrategic or Co-development Partner · 12 November 2025Exclusive education partnership providing Cornotare members access to the Specialization in Notary and Registry with a 30% discount on tuition and flexible monthly payment options through the #UdeMedellínContigo financing system. Classes are delivered via video call without geographic displacement.
• BodytechminorOthers · 11 November 2025Exclusive wellness benefits for Cornotare members through Bodytech's Annual Corporate Plan, offering access to wet zones, cardiovascular training, bodybuilding areas, group classes, cycling, and technical assessments at preferential rates.
• AlkostominorOthers · 6 November 2025Retail partner for periodic store takeover events (Toma de Almacén) offering Cornotare members access to special pricing on home goods, technology, appliances, food, and accessories. Members are encouraged to pre-process credit applications to take full advantage of event pricing.
• Multiple Education, Health, Vehicle, Wellness, and Tourism ProviderscoreOthersCornotare maintains a portfolio of commercial agreements (convenios) covering education, health, vehicle purchases, wellness, and tourism services. These agreements are available to members immediately upon affiliation and constitute a key benefit of membership. The fund displays logos of 18 active partnership agreements.
• PSE (Pagos Seguros en Línea)coreTechnology or IntegrationThe fund integrates with PSE (Pagos Seguros en Línea), Colombia's national online payment system, enabling secure digital payment of contributions, loans, affinity card, and other obligations. Payment concept code 1001 is used for all PSE transactions.
• DaviviendaminorOthersSavings account (No. 0094-0018715-0) designated for member payments and collections. Davivienda logo appears alongside other banking partners on the fund's payment page.
• Banco de BogotáminorOthersCurrent account (No. 449-00594-1) designated for member payments and collections.
• Banco Agrario de ColombiaminorOthersCurrent account (No. 00070-061398-7, Convenio 17339) designated for member payments and collections.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Nequi: Colombian digital wallet/platform targeting payroll-receiving users with payments, savings, and credit. An emerging fintech competitor that could chip away at Cornotare's member digital experience and credit upsell, even if it cannot legally serve the payroll-deduction funding model.

Broad incumbents

• Desjardins Group: Largest cooperative financial group in North America, operating a member-owned, community-pooled savings and credit model. Provides a scaled international reference point for what a multi-decade Fondo de Empleados-style cooperative can become, useful for benchmarking operational maturity.
• Caja de Compensación Familiar Colsubsidio: Major Colombian Caja de Compensación offering subsidies, credit, and social benefits to affiliated workers. Overlapping function (member-worker benefits and credit access) but operates at significantly larger scale and broader membership eligibility than Cornotare.
• Davivienda: One of Colombia's largest commercial banks; serves as a banking/collection partner to Cornotare. Represents the broader incumbent competition for member deposits and credit, against which Cornotare's cooperative differentiation is positioned.
• Compensar (Caja de Compensación Familiar): Large Colombian compensation/subsidy fund serving formal-sector workers with social and financial benefits. Operates at a much greater scale than Cornotare and a different legal form (Caja de Compensación), but is a comparable member-benefit entity within the same Colombian ecosystem.

Direct peers

• Fondo de Empleados del Banco de la República (FEBAN): Employee fund for Colombia's central bank, structured as a Fondo de Empleados under Superintendencia de Economía Solidaria. Closest structural match to Cornotare — exclusive membership, payroll deductions, credit, subsidies — but serving a different employer.
• Coopcentral: Colombian financial cooperative offering savings, credit, and servicios to associate members under economía-solidaria supervision. Closely comparable cooperative-depository model to Cornotare, though with a broader membership base.
• Fondo Nacional del Ahorro (FNA): Colombian state-affiliated savings and housing finance entity pooling payroll-linked contributions from public-sector employees. Directly comparable to Cornotare in operating model (member-owned, payroll-deducted savings and credit) and Colombian public-sector focus.
• Fondo de Empleados de Bavaria: Employee fund associated with Bavaria/SABMiller Colombia, operating as a Fondo de Empleados providing savings, credit, and welfare benefits to affiliated employees. Comparable cooperative model; private-sector counterpart to Cornotare's public-sector focus.
• Fondo de Empleados de Ecopetrol: Employee fund for Colombia's largest state oil company, organized as a Fondo de Empleados offering savings, credit, and social subsidies to Ecopetrol workers. Same cooperative legal form and regulatory supervisor as Cornotare; larger employer but equivalent operating DNA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@cornotare1971
• Facebookfacebook.com/CORNOTARE
• LinkedInlinkedin.com/company/fondo-de-empleados-cornotare
• Instagraminstagram.com/cornotare

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 FONDO DE EMPLEADOS - CORNOTARE