FIDaval

What FIDaval does

FIDaval, operating under the legal name FID AVAL S.G.R., is an Argentine Sociedad de Garantía Recíproca (SGR) — a regulated mutual guarantee society — that helps small and medium enterprises (PyMEs) access credit and capital-market financing by issuing guarantees (avales) on their behalf. Founded in 2004 and headquartered at Tte. Gral. Juan Domingo Perón 646 in Buenos Aires, the company is a subsidiary of Grupo ST S.A., one of Argentina's principal diversified financial services holdings. As of September 2025, FIDaval manages AR$ 17,000 MM in risk fund assets, serves 2,090 client companies, holds an estimated 1.4% market share of the Argentine SGR sector, and carries a Moody's Local credit rating of A.ar (stable). Management is led by Gerente General Alejandro Granado, supported by Ejecutivos Comerciales Manuel Sampayo Ferreiro and Mariano Iglesias.

The company's product suite consists of four interconnected guarantee-backed financing solutions targeted at PyME use cases including working capital, capital goods, investment projects, and export pre-financing: Cheque Pago Diferido (deferred-payment checks with terms up to 360 days and 24-48 hour funding), Préstamos Bancarios (bank loans in pesos or dollars with terms up to 5 years), Pagarés Bursátiles (marketable promissory notes with 6-36 month terms), and ON PyME Avaladas (SME-backed negotiable obligations for long-term capital-markets issuance). FIDaval does not disclose a proprietary technology platform; its digital footprint is centered on a website with pre-qualification and contact forms, a blog with regulatory and product-educational content (covering LUFE, ON PyME Avaladas, and the SME regulatory framework), and a LinkedIn corporate presence, with Instagram co-marketing via the CAS FOGAR account alongside Grupo ST affiliates.

FIDaval operates a transaction-based revenue model, charging only a commission upon issuance of a guarantee and over the duration of each operation; association to the SGR is free and no upfront fees are disclosed. The company uses a direct, sales-led go-to-market motion in which a small commercial team engages SMEs through the website pre-qualification process and direct outreach, with guarantees ultimately presented to banks, financial entities, and capital-market participants as backing for SME financing. Distribution is domestic-only (Argentina), the pricing model is not publicly disclosed, and the company benefits structurally from affiliation with the broader Grupo ST ecosystem, which includes BST, ST Securities, GST Capital, Life Seguros, Orígenes, MegaQM, Directo, and Gestión.

Name

FIDaval

Legal name

FID AVAL S.G.R.

Website

https://fidaval.com.ar

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

FIDaval (FID AVAL S.G.R.) is an Argentine Sociedad de Garantía Recíproca that issues guarantees enabling small and medium enterprises to access bank loans and capital-market financing. Founded in 2004 as a Grupo ST S.A. subsidiary, it serves 2,090 clients and manages AR$ 17,000 MM in risk fund assets.

Ownership category

akta.pro rank

Headquarters

HQ city

Ciudad Autónoma de Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Aval issuance commission: FIDaval charges only a commission for granting guarantees (aval), which is only paid when a guarantee is requested and for the duration of each operation. Association to the SGR is free.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

FIDaval is a Sociedad de Garantía Recíproca (mutual guarantee society) that issues guarantees (avales) to enable Argentine small and medium enterprises (PyMEs) to access credit from banks, financial entities, and capital markets. It offers four core guarantee-backed financing products — Cheque Pago Diferido, Préstamos Bancarios, Pagarés Bursátiles, and ON PyME Avaladas — covering short-term liquidity, medium-term bank financing, capital market instruments, and long-term bond issuance. The company charges only a commission on each guarantee issued, with no association fee.

Product overview

FIDaval is a Sociedad de Garantía Recíproca (SGR) — a mutual guarantee society — that provides a suite of four interconnected financial guarantee products designed to help Argentine SMEs access credit and capital markets. The core offering includes Cheque Pago Diferido (deferred payment checks), Préstamos Bancarios (bank loans), Pagarés Bursátiles (marketable promissory notes), and ON PyME Avaladas (guaranteed SME bonds). These products work together to address different financing needs: short-term liquidity via checks (up to 360 days), medium-term bank financing (up to 5 years), capital market instruments (6-36 months), and long-term bond issuance. By providing SGR guarantees, FIDaval mitigates collateral requirements, improves credit conditions, and extends repayment terms for participating SMEs.

Differentiator

Problem solved

Functional benefit

Products and services

• Cheque Pago Diferido (Deferred Payment Checks) A short-term financing solution that enables Argentine SMEs to obtain immediate liquidity by negotiating their own or third-party deferred payment checks in the capital markets. Funds are available within 24-48 hours, with terms up to 360 days, intended for working capital needs.
• Préstamos Bancarios (Bank Loans)
• Pagarés Bursátiles (Marketable Promissory Notes)
• ON PyME Avaladas (SGR-Guaranteed SME Bonds)

Quantifiable outcome

• Guarantee approval within 24-48 hours
• +2 more outcomes

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

Nine partnerships are on record, tiered core and minor.

• Grupo ST S.A.coreOthersParent company of FIDaval. Grupo ST is one of Argentina's main financial services holdings, operating in savings, credit, investment, insurance, and advisory sectors. FIDaval is an integral part of this ecosystem, sharing vision for business and individual growth.
• BSTminorOthersPart of the Grupo ST ecosystem. BST logo appears on the Grupo ST companies page indicating affiliation.
• ST SecuritiesminorOthersPart of the Grupo ST ecosystem. ST Securities logo appears on the Grupo ST companies page indicating affiliation.
• GST CapitalminorOthersPart of the Grupo ST ecosystem. GST Capital logo appears on the Grupo ST companies page indicating affiliation.
• Life SegurosminorOthersPart of the Grupo ST ecosystem. Life Seguros logo appears on the Grupo ST companies page indicating affiliation.
• OrígenesminorOthersPart of the Grupo ST ecosystem. Orígenes logo appears on the Grupo ST companies page indicating affiliation.
• MegaQMminorOthersPart of the Grupo ST ecosystem. MegaQM logo appears on the Grupo ST companies page indicating affiliation.
• DirectominorOthersPart of the Grupo ST ecosystem. Directo logo appears on the Grupo ST companies page indicating affiliation.
• GestiónminorOthersPart of the Grupo ST ecosystem. Gestión logo appears on the Grupo ST companies page indicating affiliation.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Mercado Argentino de Valores (MAV): Argentine capital-market exchange where SME-backed instruments (pagarés, ON PyME avaladas) trade. Channel partner for FIDaval in capital markets; competes with other SGR-backed instruments on the same platform.
• FOGABA (Fondo de Garantía de la Provincia de Buenos Aires): Provincial guarantee fund that backstops SME credit in Buenos Aires province, offering aval-style guarantees through partner financial institutions. Comparable mechanism to FIDaval but tied to a specific regional jurisdiction.

Direct peers

• Intergarantías S.G.R. One of Argentina's leading mutual guarantee societies, offering aval-backed financing to PyMEs across bank loans and capital-market instruments — same SGR regulatory model and SME customer base as FIDaval.
• Garantía de Valores S.G.R. Argentine SGR providing guarantees for SMEs seeking capital-market access (pagarés bursátiles, ON PyME). Competes with FIDaval in the market-instrument segment rather than bank credit.
• CAMMES S.G.R. Smaller Argentine SGR focused on SME guarantee issuance, operating with the same regulatory regime and similar commission-based revenue model as FIDaval.
• SGR Avalian: Argentine SGR with significant risk fund and partner base focused on SME guarantees for credit access. Competes head-to-head with FIDaval for the same MiPyME segment and similar product suite (bank loans + capital markets).
• Garantizar S.G.R. Largest Argentine SGR, providing mutual guarantees to PyMEs so they can access bank and capital-market credit. Direct counterpart to FIDaval in product, target customer (Argentine SMEs) and regulatory framework.

Broad incumbents

• Banco de Inversión y Comercio Exterior (BICE): Argentine development bank that provides credit, guarantees and financing solutions to PyMEs and corporates. Overlaps with FIDaval as a credit-access facilitator for Argentine SMEs, though operating as a bank rather than a mutual guarantee society.
• Banco Columbia: Argentine commercial bank with a strong SME lending franchise. Indirect competitor: instead of needing an SGR-issued aval, some of its SME clients obtain bank credit directly, limiting FIDaval's addressable pool.

Emerging players

• Grupo Petersen (Guaranty related entities): Diversified Argentine financial group with SGR-adjacent guarantee and credit activities for SMEs; relevant comparable for FIDaval's positioning within larger financial conglomerates in Argentina.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fidaval

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 FIDaval