Covalto
Cuernavaca Railway 689, 9th Floor, Colonia Ampliación Granada, Miguel Hidalgo, Ciudad de México, Distrito Federal, 11529, Mexico
Overview
Covalto (formerly known as Credijusto) was an early innovator in building the technology infrastructure to leverage digital tax, e-invoice and other financial data to underwrite and service SMEs at scale. The company has built a one-stop solution for SMEs by bringing together a multi-product credit offering, banking services and a full suite of business analytics tools. In 2021, Covalto became the first fintech in Mexico to acquire a regulated bank, supporting the expansion of its digital SME banking and services platform. The company was founded in 2015 and is based in Mexico City.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 2
- Active investors
- 6
Sector focus
- Banking
- Commercial Lending
- Credit
- Credit Cards
- Finance
- Financial Services
- FinTech
- Small and Medium Businesses
Investment portfolio
- Plata Card
Participated · Debt Financing · Jun 2026
Plata was founded in Mexico in 2023 by former top managers of Tinkoff and is led by CEO Neri Tollardo. In February the company received a banking license and began operating as a full bank. Plata has grown rapidly: annual revenue reached $600M and its credit portfolio expanded roughly 170% to nearly 10 billion pesos in 2025. The company has raised over $2 billion in combined equity and debt since inception and most recently secured a $405M financing that valued it at $5.0B. Leadership additions include the hire of Marcos Cantt as chief financial officer. Plata is considering an IPO as it continues to scale in Mexico's large underbanked market.
- Clara
Participated · Debt Financing · Nov 2025
Founded in 2021 by Gerry Giacomán and Diego García, Clara offers a unified platform that combines corporate cards, real-time expense administration, and financial visibility tools to streamline complex payment workflows for companies. The service, driven by artificial intelligence, automates expense processes and gives finance teams greater control and efficiency. Since launch the company has onboarded more than 30,000 enterprise customers throughout Latin America, including the Bolsa Mexicana de Valores, Holcim, OCESA, Viva Aerobus and Miniso. Recent product road-maps highlight specialized solutions for travel and mobility sectors, areas that are highly payment-intensive. To accelerate this expansion Clara appointed veteran payments executive Jorge de Lara as president for Mexico, tasking him with deepening corporate alliances and scaling the business locally. Backed by over US$150 million of fresh capital secured in the past year, the company is using its strengthened balance sheet to widen its customer base and roll out new features. Management views the continued investor support as validation of Clara’s model focused on digitizing enterprise spend management in the region.