Coztyc

Coztyc is a Mexican fintech company that operates as a neobank focused on financial inclusion for underbanked and unbanked populations. The company offers a no-annual-fee credit card with no commissions, targeting individuals who may have limited or no credit history with traditional financial institutions. Coztyc's core product is accessible through both virtual and physical credit cards, with applications processed entirely through its mobile application available on iOS and Android platforms. The company positions itself as democratizing financial services by expanding the value and power of money for clients traditionally excluded from mainstream banking. Users can apply for credit cards regardless of their credit bureau history, receiving immediate access to a virtual card upon approval, with physical cards delivered within five days. The mobile app provides features including real-time transaction notifications, the ability to freeze and unfreeze cards, monthly expense tracking, bill payment services for basic utilities, and personalized financial tips. Coztyc is operated by Demoficracia SAPI de CV, SOFOM ENR, a non-bank financial institution regulated under Mexico's SOFOM framework. The company participated in Pygma's sixth batch accelerator program and is led by CEO Reginald Prudent. Based in Miguel Hidalgo, Mexico City, Coztyc aims to provide a simplified, modern alternative to traditional banking for individuals frustrated by conventional banking barriers, combining accessible credit products with digital financial management tools.