Neobanks Intelligence

Neobanks tracked

CNBV Sector 40 — Banca Múltiple

Click to see top 3 by assets

Top 3 by total assets

Kapital$61.3B

Bankaool$29.8B

Openbank$24.8B

ⓘ Data from latest CNBV monthly report (Sector 40).

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$159.4B

Combined assets

Total neobank assets in MXN

Click to see asset share

Top 3 — share of total assets

Kapital38.5%

Bankaool18.7%

Openbank15.6%

Source: CNBV Sector 40, period 2026-04, n=8

ⓘ Figures in MXN billions.

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-$9,913M

Net Accumulated Losses

Combined P&L across all 8 entities

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Largest accumulated losses

Ualá$-5226M

Openbank$-2755M

Bineo$-2068M

ⓘ Negative = accumulated losses since inception.

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5.7M

Total debit cards

Combined neobank debit cards issued

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Top 3 by debit cards

Ualá2.5M

Hey Banco1.4M

Openbank1.0M

ⓘ Source: CNBV BM_Operativa (per-institution national totals).

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8 neobanks in CNBV filings · Data as of April 2026

Neobanks Intelligence tracks 8 entities licensed under CNBV's Sector 40 (Banca Múltiple) — from new-license challengers like Bineo and Revolut to M&A transformations like Kapital and Covalto. Data sourced from official CNBV monthly reports.

8 entities | Data: 202604 | Figures in MXN8 entities | MXN

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Total Assets: Total assets under management

8 entities ranked by Total Assets

1
Kapital
$61.3B
2
Bankaool
$29.8B
3
Openbank
Grupo Financiero Santander México
$24.8B
4
Hey Banco
Banregio Grupo Financiero
$15.7B
5
Covalto
$10.9B
6
Revolut
Revolut Ltd (UK)
$7.7B
7
Ualá
$6.0B
8
Bineo
Grupo Financiero Banorte
$3.1B

Coming Soon

Plata

Coming Soon

Authorized Dec 2024. Operations started Mar 2026. Awaiting first CNBV reporting period.

Capital: $3,772MDOF →

Nubank

Coming Soon

Bank license authorized May 2025. Currently operating as SOFIPO. Pending authorization to begin banking operations.

Capital: $13,295MDOF →