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Covalto
Mexico
2015 (10 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Covalto
Company Information
Get to know Covalto
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.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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