MiiO

MiiO is a Mexican fintech company that combines telecommunications services with digital banking through a single mobile application. Founded in 2017, the company operates under King David Mobile, S.A.P.I. de C.V., which is not a financial institution itself but partners with authorized entities to provide financial services. The digital account services are operated and administered by Financiera Mexicana para el Desarrollo Rural SA DE CV SFP, a CNBV-authorized entity with registration number RECA 1553-003-035480/02-01398-0624. MiiO's platform offers multiple services including a digital account for sending and receiving money, a Mastercard debit card with cashback rewards on certain transactions, personal loans with fast approval times, mobile telephony services with competitive data plans, and bill payment services for utilities including electricity, gas, water, and tolls. Users can also top up mobile phone credit for Telcel, Movistar, Unefon, AT&T, and other carriers while earning commissions. The company positions itself as a social enterprise focused on providing self-prosperity tools for individuals who may lack traditional credit history or access to banking services. Customer funds are protected by PROSOFIPO, and accounts are regulated by the Comisión Nacional Bancaria y de Valores (CNBV). Based in Mexico City, MiiO has raised seed funding from investors including G2 Momentum Capital. In January 2025, cybersecurity researchers reported a significant data breach involving approximately three million KYC files dating back to 2017, though there is no confirmed evidence of malicious access. The company's headquarters is located at Calle Iglesia No. 2, Edificio E, Piso 13, Tizapán San Ángel, CDMX.