ALTO AZAREO

Alto Azareo is a Mexican fintech company that operates as a licensed Institución de Fondos de Pago Electrónico (IFPE), or Electronic Payment Fund Institution, under the country's Fintech Law. The company received its regulatory authorization from the Comisión Nacional Bancaria y de Valores (CNBV) in April 2023, after submitting its application in February 2022. Alto Azareo was established with an initial capital of 11 million Mexican pesos and is authorized to issue, manage, redeem, and transmit electronic payment funds through digital platforms and applications.

The company's core offering focuses on providing businesses with control and visibility over their accounts receivable and accounts payable, enabling them to accelerate their collection and payment cycles. As an IFPE, Alto Azareo is permitted to open and maintain electronic payment fund accounts (e-wallets) for clients, carry out transfers of electronic payment funds between users, and facilitate withdrawals in cash or other forms by debiting electronic payment funds. The platform serves as a financial management tool designed to help businesses streamline their treasury operations and improve cash flow efficiency.

Alto Azareo operates under the regulatory framework established by Mexico's Fintech Law (Ley Fintech), which was enacted in 2018 to regulate financial technology institutions. As a regulated IFPE, the company must comply with strict operational, security, and capital requirements set by Mexican authorities including the CNBV, Banco de México, and the Secretaría de Hacienda y Crédito Público. The company targets small and medium-sized enterprises seeking digital solutions for managing their payment workflows and optimizing working capital through technology-enabled financial services.