Consubanco

Consubanco is a fully-licensed Mexican bank (Institución de Banca Múltiple) founded in 2001 under the leadership of Sergio Chedraui, originally offering payroll-deduction credit products known as "Paguitos" to government employees, pensioners, and IMSS retirees. Over two decades the institution evolved from a Sociedad Financiera de Objeto Limitado (SOFOL) into a regulated bank, listed on the Bolsa Institucional de Valores (BIVA), and expanded its product suite to include digital deposit accounts, term investments, SME credit, and insurance. Today Consubanco operates a fully digital app enabling account opening, express loan renewals, bill payments, and investments, while pursuing embedded-finance partnerships to extend financial access to underserved segments of the Mexican workforce.