Named matters. Dated authorizations. Public records.

In the four matters below, Legal Paradox® prepared the application file and carried it through to authorization. Our role is the firm’s statement; the records of the Diario Oficial de la Federación (DOF) establish the regulatory facts. An authorization is a regulatory decision, not an endorsement of Legal Paradox®.

These are individual matters, not a firm average or a prediction for another application. Calendar days run from the first application filing identified in the authorization document to DOF publication, including time spent responding to observations (methodology). Brand and legal names are connected in Inverteca’s legal notice and Prestadero’s terms. The filing cohort matters: Prestadero and Red Girasol applied in the first wave of ITF applications, in September 2019, under the transition regime; their elapsed periods are not directly comparable with later applications such as Sylon and Inverteca.

Prestadero: the authorization and a product structure

Prestadero and Yo Te Presto filed their first applications on the same day, 20 September 2019. Prestadero’s authorization was published on 23 June 2021, after 642 calendar days; Yo Te Presto’s on 11 May 2022, after 964 (DOF 5651693). The publications are 322 days apart. This compares two recorded timelines; it does not establish why they differed or promise another applicant the same result.

Legal Paradox® also worked on the legal structure of PrestaPal, Prestadero’s lending product for family and friends: the lenders provide the funds, and Prestadero handles the contracts, collection and credit-bureau reporting. According to founder Gerardo Obregón’s presentation on Shark Tank México, season 10, Prestadero had placed MXN 1,100 million in loans and reported net profit of MXN 1.8 million at the time.

“Legal Paradox® is one of the firms with the most knowledge of FinTech in Mexico, because of its involvement with the authorities and with the platforms seeking to be regulated. I know Carlos Valderrama very well; he is one of the lawyers with the most knowledge of FinTech in Mexico.”

Gerardo Obregón, founder and chief executive of Prestadero, in 2019. Translated from Spanish. Watch the original (00:34).

Red Girasol: authorization and subsequent regulatory work

Our work covered the authorization file for a niche crowdfunding model focused on impact investment, including its evergreen investment product, which met initial regulatory resistance. After authorization, Legal Paradox® contributed to part of the legal engineering that followed, including an increase in financing limits.

In a statement dated 18 May 2026, Red Girasol announced Credit Saison México as an institutional investor in its loan portfolio through its Evergreen investment product (Red Girasol statement). This is a subsequent development reported by the client, not a claim that Legal Paradox® secured that investment.

“Legal Paradox® was our only legal advisor throughout the entire process of applying for authorization to become a FinTech… working with Carlos is great; he has a lot of experience and a strong relationship with the authority and with everyone in the sector.”

Pedro García, CISO of RedGirasol, in 2019. Translated from Spanish. Watch the original (00:44).

Legal Paradox® served as continuous regulatory counsel to the following institutions. This identifies the advisory relationship; it does not claim that we prepared or obtained their authorizations. The dates identify the public authorization records, not the start of our engagements.

An authorized IFPE’s use of third-party services is subject to a regulatory framework that can require prior authorization or notice, depending on the service and the provider. The applicable route depends on the arrangement, and outsourcing does not transfer the institution’s regulatory responsibility (LRITF, article 54; IFPE joint provisions, articles 44–45 and 49–51).

Legal Paradox® advised Fintoc and Arcus Fi on this regime. No client-specific arrangement is disclosed here, and this does not claim responsibility for their initial authorizations.

The following clients have authorized us to name them; the details of their matters remain confidential. Our involvement was not in every case during the authorization process, and this list does not attribute their authorizations to Legal Paradox®.

• ClipIFPE · Clip Cuenta, today Clip AI (authorization; change of name)
• BelvoIFPE · Belvo Pagos (authorization)
• Arcus FiIFPE · Mastercard (authorization)
• Sonect MéxicoIFPE (authorization)
• SacbéIFPE · formerly Incluvida (authorization; change of name)
• Sí Vale FintechIFPE (authorization)
• SuperdigitalIFPE · Santander group (authorization). The institution later requested the revocation of its own authorization, which the CNBV declared under article 69, section IX of the LRITF (DOF, 1 September 2026).

Interviews recorded in 2019 for FinTech Tour. Names and roles are those given at the time, not statements of current office.

• PrestaderoGerardo Obregón, founder and chief executive · video (00:34)
• RedGirasolPedro García, CISO · video (00:44)
• AFICOMiguel Ángel Mejía, director general of the crowdfunding platforms association, on the firm as a sector ally (a sector perspective, not an authorization matter) · video (00:32)

Beyond these matters, Legal Paradox® also advises on other regulated matters involving SPEI, money transmission, acquiring and aggregation, virtual assets, SOFIPOs and SOFOMs. We do not name those clients because of professional confidentiality.