# Covalto: Banking, Mexico City, Mexico

> Covalto: Covalto is a leading digital banking and services platform for SMEs in Mexico. Based in Mexico City, Mexico. Founded 2015.

Source: https://millionrounds.com/startup/covalto (Millionrounds; every figure on the page links to its filing or article)

Mexico · [Banking startup](https://millionrounds.com/companies)

# Covalto

Covalto is a leading digital banking and services platform for SMEs in Mexico.

Funding reported Last round: Debt financing

Banking Mexico City, Mexico

Company summary

- **Founded:** 2015 11 years old
- **Team:** 251 201 to 1,000 people
- **Funding reported:** 521.3M as listed, currency not stated
- **Last round:** Debt financing Oct 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Covalto has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## What company datasets say Covalto raised

Funding, as reported

Reported in all **521.3M** in the source's currency

Rounds **7**

Last round **Debt financing**

Last round date **Oct 2022**

Investors listed **20**

## On 10 portfolio pages

Investors who name them

- [IGNIA](https://millionrounds.com/fund/ignia-partners)
- [Point72 Ventures](https://millionrounds.com/fund/point72-ventures)
- [Yolo Investments](https://millionrounds.com/fund/yolo-investments)
- [Hi Ventures](https://millionrounds.com/fund/hi-ventures)
- [Point72 Hyperscale](https://millionrounds.com/fund/point72-hyperscale)
- [Blue Earth Capital](https://millionrounds.com/fund/blue-earth-capital)
- [ALLVP](https://millionrounds.com/fund/allvp)
- [IGNIA](https://millionrounds.com/fund/ignia-2)
- [Broadhaven Venture...](https://millionrounds.com/fund/broadhaven-venture)
- [FinRebel](https://millionrounds.com/fund/finrebel)

Each firm lists Covalto on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## Banking in Mexico

Startups like it

- [**FIRA** Morelia · founded 1954](https://millionrounds.com/startup/fira)
- [**Consubanco** Mexico City · founded 2012](https://millionrounds.com/startup/consubanco)
- [**delt.ai** Mexico City · founded 2019](https://millionrounds.com/startup/delt-ai)
- [**Bankaya** Mexico City · founded 2019](https://millionrounds.com/startup/bankaya)
- [**Pagando** founded 2017](https://millionrounds.com/startup/pagando)
- [**EOS The Fintech Co.** founded 2018](https://millionrounds.com/startup/eos-the-fintech-co)
- [**Global Currency** founded 2016](https://millionrounds.com/startup/global-currency)
- [**Arvo Capital** founded 2017](https://millionrounds.com/startup/arvo-capital)

## Is this your company?

Add your raise, your deck and your story, and put Covalto in front of investors. Or tell us what we have wrong.

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