Alfy Inversiones

Name

Alfy Inversiones

Legal name

Alfy Inversiones S.A.

Website

https://alfyinversiones.com.ar

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Online Brokerage Services

NAICS

Investment Banking and Securities Intermediation (52315), Investment Banking and Securities Intermediation (523150), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYBPAHAOAL

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

Keywords

• Online brokerage services
• Securities trading platform
• Capital markets investing
• Mutual fund distribution
• Argentine investment platform

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Trading Commissions: Commissions charged on securities transactions including stocks, bonds, CEDEARs, options, and other financial instruments. Platform emphasizes competitive (low) commission rates compared to traditional channels.
2. Account Management Fees: Revenue from account maintenance and management services, though platform advertises free account opening with no maintenance costs mentioned as competitive advantage.
3. Fund Distribution Commissions: Commissions from distributing Mutual Funds (FCI) including Allaria family of funds. Subscription and redemption fees may apply per fund class.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Alfy Inversiones S.A. operates an online brokerage and investment platform that enables Argentine investors to open accounts 100% digitally with only their DNI and trade a full range of local capital market instruments, including stocks (acciones), sovereign and corporate bonds (bonos and obligaciones negociables), CEDEARs (foreign equity certificates), Letras del Tesoro, short-term cauciones, mutual funds (FCIs), financial options, and Dollar MEP. The firm is registered with CNV as Agente de Liquidación y Compensación N° 176 and as Agente de Colocación y Distribución Integral de FCI N° 128, and is a member of BYMA, MAV, and Rofex.

Product overview

Alfy Inversiones is an online capital market investment platform in Argentina, offering a unified digital platform accessible via web and mobile app. The core platform enables 100% online account opening with just a DNI, providing access to investment instruments including Dólar MEP, Argentine stocks (acciones), sovereign and corporate bonds (bonos), CEDEARs (foreign equity certificates), treasury letters (letras del Tesoro: LECER, LEDES, LECAP), short-term repos (cauciones), mutual funds (FCIs), corporate bonds (obligaciones negociables), and financial options. The platform also distributes a suite of Allaria-branded mutual funds (FCIs) spanning pesos and dollars across money market, fixed income, CER-adjusted, mixed, and equity strategies. Alfy Inversiones S.A. operates as an ALyC (Agente de Liquidación y Compensación) registered with CNV No. 176 and an ALD CIFCI (Agente de Colocación y Distribución de Fondos Comunes de Inversión) registered with CNV No. 128.

Differentiator

Problem solved

Functional benefit

Products and services

• Alfy Online Investment Platform Unified web and mobile trading platform for Argentine retail investors enabling 100% online account opening with only DNI and real-time trading of capital market instruments.
• Cuenta Personal Personal investment account for individuals seeking efficient financial management with access to personalized advisory services and the full platform instrument catalog.
• Cuenta Empresarial Business account for companies requiring advanced financial solutions, multiple sub-accounts, and joint signatures for greater security.
• Dólar MEP Legal dollar access mechanism allowing investors to dollarize savings by buying bonds in pesos and selling them in dollars, executable in a single click from a mobile device without limits.
• Acciones Equity investments representing ownership in Argentine companies listed on the stock exchange, offering capital growth and dividend income potential.
• Bonos Sovereign bonds (AL30, GD30, GD35, GD41) and corporate debt instruments providing regular income, liquidity, and tax exemptions from Bienes Personales and Ganancias for public titles.
• CEDEARs Certificates of Deposit representing shares of foreign companies (Apple, Coca-Cola, Amazon, Mercado Libre) and international ETFs traded locally in pesos with protection against currency devaluation.
• Letras del Tesoro Fixed-income instruments issued by the Argentine National Treasury in pesos or dollars, including LECER (inflation-linked), LEDES (peso discount), and LECAP (capitalizable) treasury letters with short-term maturities.
• Cauciones Short-term fixed-income repo operations backed by BYMA, offering terms from 1 to 120 days in pesos or dollars with predictable fixed interest rates.
• Fondos Comunes de Inversión (FCI) Distribution of professionally managed collective investment funds (including the Allaria family of money market, fixed income, CER-adjusted, mixed, equity, and USD-denominated strategies) available in pesos and dollars with minimums from $1 or USD 1.
• Obligaciones Negociables Corporate bonds issued by companies for project financing or debt restructuring, available in pesos (fixed or inflation-linked) or dollars with periodic interest payments and capital repayment at maturity.
• Opciones Financieras Financial options contracts for hedging or leveraged gains, available for CEDEARs (10-lot), stocks (100-lot), and government bonds (1,000-lot), operated in pesos with American-style exercise.

Quantifiable outcome

• Second place in BYMA 2024 Fixed Income Volume ranking
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor, core and supporting.

• YPF S.A.minorOthers · 7 October 2024Argentine oil company for which Alfy participated as placement agent for USD 100-150 million dollar-denominated Negotiable Obligations for Vaca Muerta financing, along with major banks including Santander, Allaria, BBVA, Galicia, Macro, and others.
• Allaria Fondos Administrados SGFCI SAcoreTechnology or IntegrationProvider of the Allaria family of mutual funds (FCI) distributed through Alfy platform, including Allaria Ahorro, Allaria Dinámico III, Allaria Renta Mixta, Allaria Renta Fija CER, Allaria Diversificado, Allaria Estrategico, Allaria Acciones, and dollar-denominated variants. Allaria acts as the fund manager (sociedad gerente) with custody services from Banco Comafi S.A. and Banco de Valores S.A.
• Banco Comafi S.A.supportingOthersCustodian bank (agente de custodia) for certain mutual funds distributed on the platform, providing securities custody and control services.
• Banco de Valores S.A.supportingOthersCustodian bank (agente de custodia) for certain mutual funds including Allaria Dólar Global, providing securities custody services.
• Caja de Valores S.A.coreOthersCentral securities depository where client securities and funds are held in custody, separated from Alfy's own assets, providing regulatory protection for investors.
• BYMA (Bolsas y Mercados Argentinos)coreOthersPrimary stock exchange and trading venue for Argentine securities. Alfy is a member broker (Agente Miembro N° 201) of BYMA and ranks second in Fixed Income Volume (2024 SENEBI).
• CNV (Comisión Nacional de Valores)coreOthersArgentine securities regulator that authorizes and supervises Alfy's operations as ALyC N° 176 and ACyD FCI N° 128.
• BCRA (Banco Central de la República Argentina)coreOthersCentral bank of Argentina, regulatory authority for banking and financial system within which Alfy operates.
• MAV (Mercado a Término de Rosario)supportingOthersArgentine futures exchange. Alfy is a registered MAV broker (MAV N° 653).
• RofexsupportingOthersRosario Futures Exchange. Alfy is a registered Rofex broker (Rofex N° 487).

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• InvertirOnline (IOL): Argentina's largest retail online brokerage, offering self-serve trading of stocks, bonds, CEDEARs, FCIs, and options through web and mobile. Competes head-to-head with Alfy on commissions, product breadth, and retail onboarding in the same Argentine market.
• Bull Market: Argentine online broker-dealer offering real-time trading of equities, fixed income, options, and mutual funds via web and mobile. Directly comparable in product scope and target segment to Alfy.
• Portfolio Personal de Inversiones (PPI / Tian Securities): One of Argentina's largest retail broker-dealers, operating Tian as a discount brokerage platform for stocks, bonds, CEDEARs, options, and FCIs. A core competitor to Alfy in retail capital-markets access.
• INVIU: Argentine digital investment platform offering trading of stocks, bonds, CEDEARs, and mutual funds. Competes with Alfy in mobile-first retail onboarding in Buenos Aires.
• Balanz: Argentine retail and institutional broker-dealer with a digital platform trading fixed income, equities, and FCIs. Direct competitor to Alfy with similar self-serve model and comparable product universe.
• Adcap Securities: Argentine broker-dealer providing trading across BYMA, ROFEX, and MAV with retail and institutional clients. Overlaps with Alfy on multi-venue access and product breadth.
• Garantía Valores: Argentine ALyC providing brokerage services for equities, fixed income, and FCIs to retail and corporate clients. Comparable ALyC/CNV-licensed broker competing in similar segments.

Broad incumbents

• Banco de Valores: Argentine bank specializing in capital markets and custody services, sitting at the infrastructure layer that Alfy's operations rely on. Larger incumbent providing trading and custodial services directly to institutional and corporate clients.
• Allaria Fondos (Asset Management): Primary Argentine mutual fund partner of Alfy and a broader financial services group with brokerage and asset management. Overlaps with Alfy in capital-markets product distribution but is a fund manager and full-service broker rather than a retail-first digital broker.

Emerging players

• IOL (International) / Interactive Brokers Argentina: Global online broker with growing Argentine retail penetration via API and direct market access. Provides cross-border exposure and can pull sophisticated retail volume away from purely local platforms like Alfy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/alfyinversiones
• Facebookfacebook.com/alfyinversiones
• Instagraminstagram.com/alfy.inversiones
• LinkedInlinkedin.com/company/alfyinversiones

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles28 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 Alfy Inversiones