Superintendencia de Economía Popular y Solidaria

What Superintendencia de Economía Popular y Solidaria does

Superintendencia de Economía Popular y Solidaria (SEPS) is the Ecuadorian government regulatory agency with exclusive legal authority to supervise and control the Popular and Solidarity Economy (EPS) sector, established under the Ley Orgánica de Economía Popular y Solidaria (LOEPS) and the Código Orgánico Monetario y Financiero. The agency oversees two distinct populations: financial entities (Sector Financiero Popular y Solidario, SFPS) including savings and credit cooperatives, communal banks, mutualists, and resource-provider entities; and non-financial organizations (OEPS) including cooperatives, associations, and integration organisms. Approximately 17,000 organizations and over 7 million Ecuadorians fall under SEPS jurisdiction, with 6 of every 10 adults nationally linked to the sector.

SEPS operates a hybrid digital and physical service platform. The technology stack includes the Sistema de Gestión de Acopio de Información (AGSEPS/SCA) for electronic reporting and management of supervised entity data, the Portal Estadístico and DATASEPS for public statistical access and visualization, the Sistema de Recepción Documental Digital Electrónico for electronic document filing, and a risk-based supervision model that segments entities into five asset-based tiers (Segment 1: over $80M to Segment 5: up to $1M). A virtual training platform, video call appointments (Webex), online chat, and public cadastral search tools round out the digital offering. Five physical offices (Quito headquarters, plus Cuenca, Guayaquil, Ambato, and Portoviejo) provide in-person coverage across all 24 provinces.

SEPS is a public-state entity with no commercial revenue model; it is funded through public budgets and operates under the Funci\u00f3n de Transparencia y Control Social, accountable to the National Assembly and the Consejo de Participaci\u00f3n Ciudadana y Control Social. Its "customers" are the supervised entities it regulates, and its "products" are supervisory services, risk ratings, regulatory resolutions, financial education programs, and registration systems. The agency coordinates with a dense ecosystem of Ecuadorian government bodies (COSEDE, CONAFIPS, Junta de Política y Regulaci\u00f3n Financiera, IEPS, Superintendencia de Bancos, Contralor\u00eda) and international partners (USAID-WOCCU, U.S. Treasury OTA). Current leadership under Superintendent Christina Murillo Navarrete (appointed September 2024) has driven an aggressive modernization and enforcement agenda, achieving 96%+ execution of its Action Plan within three months and measured system solvency at 16.71%, above Basel standards.

Name

Superintendencia de Economía Popular y Solidaria

Legal name

Superintendencia de Economía Popular y Solidaria

Website

https://seps.gob.ec

Company type

Public

Operating status

Operating

Headcount range

251–500 employees

Short description

SEPS is Ecuador's government regulatory agency that supervises and controls the Popular and Solidarity Economy sector, overseeing 17,000+ financial and non-financial entities serving over 7 million Ecuadorians via digital platforms and five regional offices.

Ownership category

akta.pro rank

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels5 records

Marketing channels9 records

Core offering

The Superintendencia de Economía Popular y Solidaria (SEPS) is the Ecuadorian government technical body responsible for supervising and controlling entities in the Popular and Solidarity Economy sector. It supervises both the Popular and Solidarity Financial Sector (ESFPS, including savings and credit cooperatives, communal banks, and mutualist entities) and non-financial EPS organizations (OEPS, including cooperatives, associations, and integration organisms). SEPS issues risk ratings, registers organizational directives, collects regulatory information through its digital platforms, enforces anti-money laundering measures, and coordinates deposit insurance through COSEDE.

Product overview

Superintendencia de Economía Popular y Solidaria (SEPS) is Ecuador's regulatory and supervisory body for the Popular and Solidary Economy (EPS), operating as a unified platform of services rather than a commercial product company. The core offering consists of two main supervisory divisions: Entidades del Sector Financiero Popular y Solidario (ESFPS) for financial entities, and Organizaciones de Economía Popular y Solidaria (OEPS) for non-financial organizations. These are supported by digital platforms including the Portal Estadístico, Portal DATASEPS, and Sistema de Gestión de Acopio de Información (AGSEPS) for data collection. Additional services include registration systems for organizational directives, document reception, procedure tracking, public registries, virtual training via the Capacitación platform, video call and chat-based citizen attention, and asset-based segmentation classification. The portfolio functions as an integrated regulatory ecosystem enabling supervision, compliance monitoring, and public access to EPS sector information.

Differentiator

Problem solved

Functional benefit

Products and services

• Entidades del Sector Financiero Popular y Solidario (ESFPS) Supervision
• Organizaciones de Economía Popular y Solidaria (OEPS) Registration and Supervision
• Portal Estadístico
• Portal DATASEPS
• Sistema de Gestión de Acopio de Información (AGSEPS)
• Registro Universal de Directivas OEPS
• Servicio de Recepción Documental Digital Electrónico
• Consulta de Trámites
• Catastro de Entidades del Sector Financiero
• Catastro de Organizaciones EPS
• Plataforma de Capacitación Virtual
• Atención por Videollamada
• Chat SEPS
• Segmentación ESFPS

Quantifiable outcome

• System solvency maintained at 16.71% (above Basel standards)
• +3 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered strategic, minor and core.

• USAID - WOCCU (Proyecto de Inclusión Económica)strategicStrategic or Co-development Partner · 10 December 2024Interinstitutional cooperation agreement signed to promote financial inclusion and wellbeing in the popular and solidarity economy sector. The agreement focuses on developing innovative methodologies and implementing financial products and services for people in human mobility situations.
• Oficina de Asistencia Técnica del Departamento del Tesoro de EE.UU. (OTA)strategicStrategic or Co-development Partner · 1 October 2024Technical assistance partnership for strengthening anti-money laundering prevention in the EPS sector. Includes collaboration on innovative strategies using artificial intelligence and technical support to protect sector integrity.
• Secretaría de Gestión y Desarrollo de Pueblos y NacionalidadesminorStrategic or Co-development Partner · 1 September 2024Signed cooperation agreement during the Committee of Coordination of the Transparency and Social Control Function session in Orellana to strengthen relations with indigenous communities and promote EPS sector development.
• Instituto Superior Tecnológico Universitario OrienteminorStrategic or Co-development Partner · 1 September 2024Signed cooperation agreement to promote education and technical development in the EPS sector, signed during the Committee session in Orellana province.
• Junta de Política y Regulación Financiera (JPRF)coreOthersRegulatory body that establishes policies and regulations for the Popular and Solidarity Financial Sector. SEPS operates under the regulatory framework set by JPRF and implements its resolutions.
• COSEDE (Corporación del Seguro de Depósitos)coreOthersDeposit insurance corporation that provides coverage for deposits in the Popular and Solidarity Financial Sector. SEPS coordinates with COSEDE for deposit protection and member reimbursement in liquidation cases.
• CONAFIPS (Corporación Nacional de Finanzas Populares y Solidarias)coreOthersNational corporation for popular and solidarity finances that supports the development of the EPS sector. Partner in promoting financial inclusion and sector development.
• Superintendencia de Compañías, Valores y Seguros (Supercias)strategicTechnology or IntegrationIn September 2025, SEPS and Supercias signed an interinstitutional cooperation agreement for technical and institutional cooperation, enabling access to experiences, methodologies, practices, systems, and technological tools to strengthen supervision, control, and information collection processes.
• Contraloría General del EstadocoreOthersSupreme Audit Institution that exercises external control of public resources. SEPS operates under its oversight for transparency and accountability purposes.
• Defensoría del PueblocoreOthersNational human rights institution that promotes and protects citizen rights. SEPS coordinates on transparency and access to public information matters.
• Consejo de Participación Ciudadana y Control Social (CPCCS)coreOthersOversight body for citizen participation and social control. SEPS submits annual accountability reports to CPCCS and participates in national integrity and anti-corruption plans coordinated by this entity.
• FTCS (Función de Transparencia y Control Social)coreOthersThe Transparency and Social Control Function comprising multiple oversight institutions. SEPS participates in the National Committee for Public Integrity and Anti-Corruption Fight coordinated by FTCS.
• Superintendencia de BancoscoreOthersBanking superintendent that regulates and supervises banks. Both superintendencies coordinate on financial sector oversight and policy matters.
• IEPS (Instituto de Economía Popular y Solidaria)coreOthersGovernment institute for the development and promotion of the Popular and Solidarity Economy sector. Collaborates on sector policies and development initiatives.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Financial Industry Regulatory Authority (FINRA): U.S. securities industry self-regulatory organization with broad mandates across many regulated entities. Comparable to SEPS at the architectural level in using risk-based supervision, registration cadasters, and statistical disclosures, though FINRA operates at a much larger scale and scope.
• Office of the Comptroller of the Currency (OCC): U.S. federal banking regulator that oversees national banks and federal savings associations. Comparable to SEPS as a federal government-supervised credit regulator using risk-based supervision, even though OCC's scope (banking) is broader than SEPS's cooperative focus.

Others

• World Council of Credit Unions (WOCCU): International cooperative trade association and USAID partner with which SEPS signed a financial inclusion agreement in December 2024. Comparable as an enabler of sector standards, training, and policy frameworks that shape the EPS entities SEPS supervises.
• Corporación del Seguro de Depósitos (COSEDE): Ecuador's deposit insurance corporation that complements SEPS supervision by guaranteeing member deposits. A systemic peer because SEPS coordinates enforcement, information sharing, and liquidation actions with COSEDE under the same regulatory architecture.

Direct peers

• National Credit Union Administration (NCUA): U.S. federal credit union regulator with risk-based supervision, deposit insurance coordination, and member-protection mandate. The closest international functional analogue to SEPS in supervising cooperative financial institutions and protecting member savings.
• Superintendencia de Bancos del Ecuador: Ecuador's banking and insurance regulator, working alongside SEPS under the same Código Orgánico Monetario y Financiero. Comparable because it performs parallel supervisory, risk-rating, and enforcement functions for the conventional banking sector, with similar transparency and oversight obligations.
• Superintendencia Financiera de Colombia: Colombia's integrated financial supervisor overseeing banks, cooperatives, and other financial entities. Comparable to SEPS in supervisory mandate, risk-based methodology, and responsibility for protecting depositors and cooperative members, with a more mature data and disclosure infrastructure.
• Superintendencia de Banca y Seguros del Perú (SBS): Peru's banking, insurance, and AFP regulator with strong information disclosure and digital supervision. Comparable to SEPS in supervisory authority over cooperative-style entities and use of risk-based frameworks, and a natural benchmark for AML and statistical portal practices.
• Superintendencia de Compañías, Valores y Seguros (Supercias): Ecuadorian securities, insurance, and corporations regulator. SEPS and Supercias signed an interinstitutional cooperation agreement in September 2025 to share methodologies, systems, and tools for supervision. Functionally a peer in regulatory design, digital services, and enforcement practice.
• Comisión Nacional Bancaria y de Valores (CNBV): Mexico's national banking and securities commission. Functionally a peer as a federal financial regulator using risk-based supervision, statistical disclosure, and remote supervisory channels; useful external benchmark for SEPS's digital and AML modernization direction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/seps_ec
• YouTubeyoutube.com/user/SEPSEcuador
• LinkedInlinkedin.com/company/sepsecuador

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 Superintendencia de Economía Popular y Solidaria