20 fintech credit options to boost your business

13 min read

The opinions expressed by collaborators are personal.

Technology came to change banking and take it out of its lethargy. Today, Mexico is experiencing a great moment as a leader in Latin America for being the largest fintech ecosystem in the region with 394 startups, slightly ahead of Brazil, which has 380, according to the Fintech Radar , carried out by the Inter-American Development Bank ( IDB) and Finnovista.

20 fintech credit options to boost your business
20 fintech credit options to boost your business

But what are fintech? It is a term derived from the English words: finance and technology, which today encompasses companies that use technological innovation applied to financial services. In the last 5 years, Mexico experienced the explosion of the fintech phenomenon, since nearly 70% of companies were created in that period. Due to this, in 2018 the Law to Regulate Financial Technology Institutions was enacted, which seeks to offer greater legal certainty to users of financial services that use digital platforms.

In said law, the two main figures are: Electronic Payment Fund Institutions , which refers to virtual wallets in which the client can accumulate resources to make electronic payments and transfers, and Collective Financing Institutions , platforms that allow Users invest or lend money in exchange for equity (capital), return (debt) or as joint ownership or royalties.

Both figures are authorized, regulated and supervised by the Ministry of Finance and Public Credit (SHCP), Banco de México (Banxico) and the National Banking and Securities Commission (CNBV). In September 2019, the CNBV reported that 85 fintech applied for authorization to continue with its operations – after they had a year to present their documents – of which 60 are electronic payment fund institutions and 25 are crowdfunding.

Among the documentation provided by the companies is related to their business model, information on their shareholders, liquidity, capital and security issues. Last January, the CNBV granted the first authorization to NVIO Pagos México as an electronic payment fund institution. Many other companies are waiting for your authorization.

Focused on SMEs

35% of the fintech companies surveyed for the Fintech Radar claim to have unbanked or underbanked consumers or SMEs as their main client. It is estimated that today these companies serve up to 8 million active users and each invoice 8.7 million pesos a year.

Its value proposition is to offer access to business credit at any time and from wherever you are in less than 30 minutes, less requirements and with an agile analysis of your history, without charging commissions for advance payments and with personalized rates and terms. With the intention of informing about the other fintech financing options that exist in the market, en Español consulted 20 financial technology companies to find out the requirements they request, minimum and maximum amounts, terms and interest rates. Know and compare so that you have the best credit option for your business.

Business loans

1. Aspiria

Guillermo Hernández and Mario Di Vece / Founders

Description: Fintech Business Credit / Business Loans.

Amounts: From 10,000 pesos to 10 million pesos.

Requirements: Current official identification and proof of address. The business must have a minimum of 6 months of operations, account statements of the last six months and at least 22,000 pesos of verifiable monthly income.

Interest rates: From 31.2% annually. CAT: Average of 87.1% without VAT *

2. Credijusto

Allan Apoj and David Poritz / Founders and CoCEO's

Description. Financial institution that offers fair financing conditions; its delinquency of 3% verifies it.

Amounts: From 200,000 pesos to 30 million pesos.

Requirements: One year operating as a natural person with business activity or legal entity, monthly income above 60,000 pesos and a mortgage guarantee.

Interest rates: Personalized (from 18% per year).

CAT: 30.46% * Calculated as of 11/2/2020 based on a credit of $ 2,000,000.00 with a term of 32 months with a fixed annual interest rate of 26% and an average notary cost of $ 21,000.00.

Terms: From 12 to 48 months.

3. Creze

Diego Creel / Co-founder

Description: Focused on providing solutions to SMEs through a personalized credit based on products such as simple credits and factoring.

Amounts: Up to 1.5 million pesos, it is granted without guarantee and a rate from 27%; from 1.5 to 5 million pesos, a real estate guarantee is requested and rates range from 20%.

Requirements: At least 6 months of operation, minimum monthly income of 50,000 pesos, average balances of 6,500 pesos and age from 21 to 70 years of age.

CAT: Average 45%.

Terms: From 1 to 30 months.

4. Ko nfío

David Arana / Co-founder and CEO

Description: Digital financial services for SMEs in Mexico.

Amounts: From 100,000 to 6 million pesos

Requirements : Complete credit application on the platform, minimum age of 26 years, that the company has at least three months of invoicing and a bank account.

Interest rates: Personalized.

CAT: Depending on the product, the lowest is 22.8% annually.

Terms: Depending on the type of credit, they range from three to 60 months.

5. Lendinc

Gustavo Romero Lima and Andrés Icaza / Co-founders

Description: Digital platform that offers credits for SMEs.

Amounts: From 100,000 and up to 2 million pesos.

Requirements: Have at least the last six months invoicing at the Treasury. A system is used to assess the user's profile, risk level and ability to pay.

Interest rates: From 17% to 36%

CAT: 23% average.

Terms: From 12 to 36 months.

6. MR. Lend

César Manduca / CEO and Carlos Rosso / COO

Description: Fintech specialized in credits for productive activity.

Amounts: From 3,000 to 1 million pesos.

Requirements: Use one of the technology platforms associated with MR. Provides services for small businesses. Some of the platforms include electronic commerce, payment methods, invoicing or ERP.

Interest rates: From 24% to 45%.

CAT: From 24% to 50%.

Terms: From 3 months to 18 months.

7. SME Project

Carlos Iván Guerrero Cerón / Marketing Director

Description: Fintech that specializes in credits for SMEs. “We take care that they reach their goals through our financial instruments.

Amounts: From 50,000 to 500,000 pesos.

Requirements: Depending on the type of credit in question. In general; RFC, official identification, proof of address, account statements and documents under guarantee.

Interest rates: From 2%.

CAT: From 24%.

Deadlines: From 20 to 90 days.

8. Kapital

Fintech that offers: Capital Agro, credit for the growth of the field, Kapital Eco, for self-sustainable projects and Kapital Leasing for vehicle leasing.

Amounts: From 10,000 to 2 million pesos without requesting a guarantee and from 2 million to 10 million pesos, with a pledge.

Requirements: Statements of account for the last six months and online application.

Interest rates: From 21% based on the customer's profile.

CAT : 31.2%

Terms: 3 to 18 months


9. Afluenta

Alejandro Consentido / CEO and President

Description: Collaborative finance network that connects people who need financing for their projects with those who are looking for a return for their money.

Amounts: From 10,000 to 300,000 pesos.

Requirements: To be Mexican with permanent residence in the country, over 18 years of age and under 70 years of age, net monthly income of 7,000 pesos, minimum working age of 9 months, good credit history in the last 2 years, having a bank account, e-mail and cell phone.

Interest rate: Personalized according to your credit profile, where the best profiles have the possibility of accessing a more competitive rate. Nominal rates range from 9.5% to 55.50%, depending on the customer's profile and the term to return the capital.

CAT: Range from 9.50% to 58.50% according to profile and term.

Terms: From 12 to 48 monthly fixed installments.

10. Doopla

Juan Carlos Flores / Founder and CEO

Description: Fintech that connects people who are looking for a loan and do not want to pay excessive interest, with people who have money to lend and want to obtain higher returns on it.

Amounts: From 10,000 to 300,000 pesos

Requirements: Excellent credit history, proof of income and address and official identification.

Interest rates: Average of 21%.

CAT: From 26% per year.

Terms: From 3 to 36 months.

11. Fundary

Marcelo De Fuentes / Founder and CEO

Description: Disruptive financial technology laboratory.

Amounts: From 50,000 to 10 million pesos.

Requirements: Have more than two years of incorporation, be up to date with taxes and depending on your good credit history.

Interest rates: From 12% to 36% annual interest. As you generate a good payment history on the platform, the interest rate can decrease.

CAT: From 14% to 38% plus VAT *, depending on your good payment history. * Calculated on 02/17/2020

Deadlines: From 30 days to 24 months.

12. Financial Kubo

Vicente Fenoll / Founder

Description: Financial institution specialized in credit products (borrowers obtain a better loan condition) and savings (investors earn better conditions).

Amounts: From 5,000 to 100,000 pesos.

Requirements: Have a good credit history, INE, proof of address, bank account and income greater than 6,000 pesos.

Interest rates: From 16.50% to 70.40%

CAT: Average of 65.9%, without VAT *. Calculated as of January 1, 2020.

Terms: From 4 to 36 months.

13. Borrower

Gerardo Obregón / Founder and CEO

Description: Collective financing fintech focused on loans between people that began operations in 2012, seeking to offer investments and credits at competitive and fair rates.

Amounts: From 10,000 to 250,000 pesos.

Requirements: Have a good credit history, check income with bank statements and have a bank account in your name. The minimum credit bureau score required is 655 points.

Interest rate: From 8.9% to 28.9% annually

CAT: Average 25.3%, without VAT (for informational purposes).

Terms: 12, 24 or 36 months.

14. Snowball

Gustavo Martínez Gameros / Founder

Description: Collective financing platform.

Amounts: Variable according to the project, at most they are managed up to approximately 10.5 million pesos per investment area.

Requirements: Register at, have registration with the Treasury as a incorporated company and apply the project with a business model and financial projections.

Interest rate and CAT: Does not apply because it is a collective financing institution.

Deadlines: 6 months for each number of projects within the platform, while the shares acquired by the investors can be in perpetuity.

15. YoTePresto

Luis Rubén Chávez / CEO and co-founder

Description: Fintech specialized in peer-to-peer lending that connects investors with people who need credit. One of their credit options is so that merchants or SMEs can apply for a loan to expand their business.

Amount: From 10,000 to 300,000 pesos.

Requirements: Excellent credit history (minimum of 2 years), proof of income, registration of the Treasury, municipal license or tax declaration, INE, proof of address and CLABE account.

Interest rates: From 8.9% to 38.9%.

CAT: Average of 18.56%, without VAT.

Terms: From 6 to 36 months.

16. Zigo Capital

Lorenza De Icaza del Río / CEO

Description: Fintech that connects investors seeking to generate higher income by supporting people who have an SME.

Amounts: From 50,000 to 1,000,000 pesos.

Requirements: Be a legal entity, one year of personal credit history, one year of registration in the Treasury and one year in operations, sales of more than 1,000,000 pesos annually, have a bank account in the name of the legal entity and sign a contract as a shareholder principal and legal representative.

Interest rates: 1.75% monthly.

CAT: 30.92%.

Terms: From 1 to 18 months


17. I comply

Nicolás Shea / Founder

Description: Crowdfunding platform specifically focused on crowdfactoring (we connect companies that need financing with people who are willing to lend them money).

Amounts: There is no minimum or maximum loan.

Requirements: CIEC, states financed from 2017 to the end of 2019, tax declaration 2018 and 2019, Credit Bureau of the main shareholder and the legal entity.

Interest rate: From 0.5% to 3.5%, depending on the evaluation of the company.

CAT: From 28% to 46%.

Deadlines: From 30 to 120 days.

18. DISÍ

Claudio Kandel / Founder

Description: Digital platform that allows SMEs to convert their electronic invoices receivable into immediate liquidity.

Amounts: There are no minimum loans. The lowest total line is 350,000 pesos and the maximum is 3 million pesos.

Requirements: Documents of legal and fiscal constitution of the company (minimum age of 2 years operating), documents that identify the partners of the company, history of honesty reported to a credit information society.

Interest rates: Approximately 2.30% of the invoice value for every 30 days of use.

CAT: It does not exist, given that the use of the resource is between 30 and 120 days, which is the collection period for invoices receivable.

Terms: The financing terms of the electronic invoices receivable are between 30 and 120 days.



Roberto Salcedo and Luis Villarreal / co-founders

Description: Fintech 24/7 microfinance service for people without credit history or access to traditional financial services.

Amounts: From 500 to 5,000 pesos.

Requirements: INE only.

Interest rates: 25%.

CAT: 940%.

Deadlines: 30 days.


Jorge Bardón / Founder and director

Description: Fintech offering a revolving line of credit with a withdrawal option. It is part of IPF Digital, which has a presence in 8 countries. Amounts: From 5,000 to 70,000 pesos.

Requirements: I NE and proof of income.

Interest rates: From 3.99%, without VAT.

CAT: Annual maximum 61.9%, without VAT.

Terms: From 1 to 30 days.

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