The fintech sector is showing significant new growth thanks to technology and the attention to historically underserved segments. This has led to increased competition and applications for licenses to operate as banking entities, expanding the supply of financial services in the market.
In 2024, Latin America recorded an impressive 71.4% year-on-year funding growth to $2.4 billion in fintech-focused companies.
Kapital Bank has managed to consolidate itself as a relevant player in the Mexican market. It started as a fintech and, after acquiring Banco Autofin, has focused its strategy on serving small and medium-sized enterprises (SMEs), a key sector for the economy.
At the end of 2024, the institution reported an outstanding performance, with funds raised in excess of 10 billion pesos. This success has enabled Kapital Bank to develop products and services specifically designed to optimize companies’ finances.
In the last year, the bank granted more than 33,000 guaranteed loans, benefiting more than 100 thousand clients with financing in excess of 22 billion pesos. In addition, it doubled its loan portfolio, reaching 6,291 billion pesos, and processed more than 300 million invoices through its digital platform.
René Saul, CEO and co-founder of Kapital Bank, says that since he took over as CEO in March 2024, the institution has implemented a strategy focused on SMEs, supported by the adoption of technology and a favorable interest rate environment.
“SMEs need safety and soundness, something that a banking license can offer. At Kapital Bank we combine the best of both worlds: the agility of a fintech and the solidity of a traditional bank. This has allowed us to grow in a segment where other financial institutions do not have the same regulation and robust processes,” Saul said.
The executive also highlighted that the implementation of technology in business banking allows users to have clear visibility of their data and better management of their finances. For this reason, the bank plans to invest in the development of tools based on artificial intelligence to improve the availability and analysis of information.
“These tools empower SMEs by giving them visibility into their finances. Our platform is the only place where they can see in real time the status of their money. This allowed us to create a comprehensive ecosystem where companies can operate from a single place. This strategy has been the key to reaching historical records in loan acquisition and placement,” explained Saul.
Kapital Bank, with a presence in Mexico and Colombia, aims to help SMEs simplify their processes, organize their finances, gain visibility and access financing efficiently.
Recently, during the annual meeting of the World Economic Forum in Davos, the bank was recognized as a Technology Pioneer Company. The recognition is awarded to leading companies in artificial intelligence, sustainability and digital innovation, whose work drives economic development and global transformation.
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