About Covalto
Covalto is a Financial Services company based in Miguel Hidalgo (Mexico) founded in 2015 by David Poritz and Allan Apoj Pascal. Digital banking and financial services are provided to SMEs. Covalto has completed 2 acquisitions, including Banco Finterra and Visor. Its chief executive, as recorded, is David Poritz. Its website covalto.com draws about 157 thousand monthly visits. Covalto offers products and services including Crédito Pyme, Inversión, Cuenta para Negocios, Crédito Refaccionario, and Arrendamiento. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its legal entity is Banco Covalto S.A.
Company details
Founded in 2015 in Miguel Hidalgo, Mexico, Covalto operates in the fintech sector, focusing on small and medium-sized enterprises. A range of digital banking solutions is offered, including multi-product credit options, core banking services, and business analytics tools. Additional support is provided through digital tax management, e-invoicing, and financial data underwriting to serve SMEs efficiently at scale.
- Headquarters Miguel Hidalgo, Mexico
- Founders David Poritz, Allan Apoj Pascal
- SectorsFinancial Services
- Website category Business and Consumer Services · Marketing and Advertising
- Email••••••••
- Phone•••• ••••
- Website covalto.com
- Social LinkedIn X Facebook Instagram
- Legal Name Banco Covalto S.A.
- Latest Funding Round$90.43M (USD), Debt – Conventional
Oct 2022
- InvestorsDFC
& 2 more
- Investments & AcquisitionsBanco Finterra
& 1 more
Products & Services of Covalto
Covalto offers a comprehensive portfolio of products and services, including Crédito Pyme, Inversión, Cuenta para Negocios, Crédito Refaccionario, and Arrendamiento.
Loans for small businesses to support operational growth.
Tools for growing money through various investment options.
Accounts designed for business financial management.
Credits for equipment or property refinancing needs.
Leasing options for assets like equipment.
Funding Insights of Covalto
- Total Rounds 3
- Last Round Debt – Conventional — $90.43M
- Investors Count 3
All 3 funding rounds of Covalto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $90.43M | Debt – Conventional | – | – | |
| Oct 2022 | $10M | Debt – Conventional | – | – | |
| Jun 2016 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Covalto
Covalto has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include DFC, FIRA and Elevar Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency supporting the development of SMEs | 2019 | dfc.gov | ||
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | elevarequity.com | |||
| fira.gob.mx |
Investor details for Covalto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Covalto
2 people are tracked at Covalto (2 in leadership).
| Name | Role | Group |
|---|---|---|
David Poritz | Co-Founder & Co-CEO | Leadership |
Allan Apoj Pascal | Co-Founder & Co-CEO | Leadership |
Complete people profiles for Covalto
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Covalto
Covalto has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Banco Finterra and Visor.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial banking services are provided in Mexico. | bancofinterra.com | Mexico | 2013 | Jun 2021 | •••• | |
Credit products are aggregated for small and medium-sized businesses. | visor.io | Mexico | 2015 | Apr 2021 | •••• |
Complete acquisition details for Covalto
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Covalto
5 dated milestones of Covalto across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Covalto is founded.
- Funding First funding round.
- Acquisition Acquires Visor.
- Acquisition Acquires Banco Finterra.
- Funding Latest funding round, Debt – Conventional, of $90.4M.
Web traffic of Covalto
The website of Covalto (covalto.com) receives about 157.2K visits a month and ranks #296,449 among all websites worldwide, #8,540 in Marketing and Advertising.
- Monthly visits157.2K
▲ 43.6% vs previous month
- Unique visitors46.1K
per month
- Global rank#296,449
among all websites
- Category rank#8,540
Business and Consumer Services · Marketing and Advertising
- Bounce rate48%
- Pages per visit3.3
- Average visit1 min 45 sec
- DevicesDesktop 15% · Mobile 85%
Websites whose visitors overlap most with Covalto. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mexicobusiness.events | 100% | 5.3K | #3,513,408 | View details | |
marketing4ecommerce.mx | marketing4ecommerce.mx | 79% | #538,814 | – | |
| facebook.com | 25% | 12.1B | #3 | View details | |
chatgpt.com | chatgpt.com | 23% | #6 | – |
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Related news about Covalto
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Frequently Asked Questions about Covalto
Covalto was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Covalto is headquartered in Miguel Hidalgo, Mexico. It is registered at Miguel Hidalgo, Ciudad De Mexico, Mexico.
David Poritz is the CEO of Covalto, as recorded in our data. They have also founded this company.
Founded in 2015 in Miguel Hidalgo, Mexico, Covalto operates in the fintech sector, focusing on small and medium-sized enterprises. A range of digital banking solutions is offered, including multi-product credit options, core banking services, and business analytics tools. Additional support is provided through digital tax management, e-invoicing, and financial data underwriting to serve SMEs efficiently at scale.
Covalto offers Crédito Pyme, Inversión, Cuenta para Negocios, Crédito Refaccionario, and Arrendamiento.
Covalto has made 2 acquisitions, including Banco Finterra, and Visor.
Covalto has 3 investors. Key investors include DFC, FIRA, and Elevar Equity.
Covalto operates through Banco Covalto S.A..
The website of Covalto receives about 157 thousand visits a month and ranks #296,449 among all websites worldwide.