# Covalto

> Covalto is a VC fund backing Financial Services and Credit Cards. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mexico City, Mexico
- Total investments: 4
- Last investment: Nov 2025
- Lead investor: 50%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/covalto
- Website: http://www.covalto.com/
- Facebook: https://www.facebook.com/bancocovalto/

Covalto is a VC fund in Mexico City focused on Financial Services and Credit Cards. 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 ofbusiness 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.

## Contacts

5 contacts available for Covalto. Shizune tracks 5 team members at Covalto. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/covalto?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 3 | 75% |
| Credit Cards | 2 | 50% |
| Credit | 1 | 25% |
| Banking | 1 | 25% |
| FinTech | 1 | 25% |

11 industries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Allan Apoj | Chief Executive Officer | 1 | — |
| Ariel A. Lupa Mendlovic | Chief Legal Officer | 0 | — |
| David Poritz | Co-CEO & Co-Founder | 0 | — |
| JB Rolland | CTO | 0 | — |
| Ricardo Rodriguez | VP of Investor Relations | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Clara | Clara is a spending management platform for companies in Latin America. Their end-to-end solution includes their locally-issued corporate cards, Bill Pay, financing solutions, and their software platform used by companies across the region.The platform includes features like AI-driven insights to identify cost-saving opportunities, such asdetecting duplicate subscriptions and monitoring spending patterns. This functionality aims to enhance financial decision-making and operational efficiency for its users. | $70M | Debt Financing | Nov 25, 2025 |  |
| Vexi | Vexi issues, operates, and processes credit cards for the young underbanked population on a mission to make credit accessible, through a 100% digital onboarding and unparalleled customer experience. | $15.3M | Debt Financing | Apr 11, 2025 |  |
| aviva | Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved. | $4.5M | Debt Financing | Feb 20, 2025 |  |
| VEMO | VEMO aspires to be a transformative force in mobility that improves the quality of urban life through streets with less noise, cleaner air, and access to more comfortable and safer trips. | $63.3M | Debt Financing | Feb 11, 2025 |  |

4 of 4 investments shown.

## Co-investors
- [Addem Capital](https://shizune.co/investors/profile/addem-capital) — VC Fund, 1 deal together
- [BBVA Spark](https://shizune.co/investors/profile/bbva-spark) — VC Fund, 1 deal together
- Beel Infrastructure Partners — VC Fund, 1 deal together
- [International Finance Corporation](https://shizune.co/investors/profile/international-finance-corporation) — VC Fund, 1 deal together
- Kapital — VC Fund, 1 deal together
- Promecap — VC Fund, 1 deal together

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- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Covalto invest in?

Covalto invests primarily in Financial Services, Credit Cards and Credit startups, most often at Debt Financing stage. Most of the 4 investments tracked by Shizune back companies in Mexico. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Covalto?

Public channels for Covalto include X (Twitter), the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Covalto?

The team at Covalto includes Allan Apoj (Chief Executive Officer), Ariel A. Lupa Mendlovic (Chief Legal Officer) and David Poritz (Co-CEO & Co-Founder). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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