Covalto logo — Entendemos a las empresas, somos el banco del futuro hoy.

Covalto

Entendemos a las empresas, somos el banco del futuro hoy.

Founded 2015 Mexico Miguel Hidalgo, Mexico 406 employees Debt Financing Total: $521.32M Finance, Financial Services +3

General Information

Company Name Covalto
Founded Year 2015
Location Mexico Miguel Hidalgo, Mexico
Founders / Decision Makers
Team member
Employees 406
Industries Finance, Financial Services, Fintech +2
Funding Stage Debt Financing
Social

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About Covalto

Covalto is a finance and fintech startup with its headquarters in Mexico. Since its establishment in 2015, the company has aimed to revolutionize the banking sector with its innovative approach. Recently, Covalto secured a significant $200.00M Debt Financing investment on 17 October 2022, with the backing of U.S. DFC and FIRA.

The startup's slogan "Entendemos a las empresas, somos el banco del futuro hoy" reflects its commitment to understanding the needs of businesses and positioning itself as the bank of the future. With a strong focus on payments and banking services, Covalto is poised to make a notable impact in the financial services industry.

Overall, Covalto's substantial recent investment and its strategic focus on addressing the evolving needs of businesses demonstrate its potential for growth and disruption in the finance sector, particularly within the Mexican market.

Business keywords: digital banking, SMEs, credit underwriting, business analytics, regulatory compliance, Mexico, technology infrastructure, banking platform, credit offering, investment, financial data, e-invoicing, innovation

Funding Rounds & Investors (7)

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Funding Stage Amount Investors Lead Investors Date
Debt Financing $200.00M 2
U.S. DFC, FIRA
17 Oct 2022
Debt Financing $100.00M 1
Credit Suisse
23 Mar 2020
Series B $104.35M 10
QED Investors, Supernode Ventures +8
15 Jul 2019
Debt Financing $100.00M 1
Goldman Sachs
22 Mar 2019
Series A $10.65M 3
QED Investors, Kaszek Ventures +1
30 May 2018
Seed Round $6.32M 4
Elevar Equity, Victory Park Capital +2
28 Jul 2017
Convertible Note Undisclosed 1
Elevar Equity
10 Sep 2016

Covalto Alternatives & Competitors

View All Alternatives
Covalto vs
WiZink
WiZink Spain

Un banco. Infinitas posibilidades

562 employees
Payments, Banking
Covalto vs
Finaktiva
Finaktiva Colombia

Construimos Futuro Juntos

Debt Financing
130 employees
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Covalto vs

Evolucionando los servicios financieros para acercarlos a las personas y empresas.

275 employees
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FAQ About Covalto

Entendemos a las empresas, somos el banco del futuro hoy.
Covalto was founded in 2015.
Covalto is headquartered in Miguel Hidalgo, Mexico.
Covalto operates in Finance, Financial Services, Fintech, Payments and Banking. Its work centres on digital banking, SMEs, credit underwriting and business analytics.
Covalto has approximately 406 employees.
Covalto has completed 7 funding rounds, raising a total of $521.32M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Covalto include WiZink, Finaktiva, AlphaCredit, FIRA, Yabx. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Covalto and WiZink are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Covalto, https://bouncewatch.com/company/covalto, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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