Fintual
“Can a Latin American investment manager evolve into a full retail financial platform by stacking a banking/transfer license on top of regulated mutual funds?”
IndustryFintech / Investment
The story
Fintual began as a digital investment manager in Chile and Mexico, offering mutual funds (including Franklin Templeton FT-LIQU as its conservative cash product) to retail investors. In 2025 the company moved beyond pure brokerage by obtaining a Chilean prepaid card issuer / provision-of-funds license, allowing it to operate bank-like transfer accounts and integrate directly into Chile's interbank transfer system. The Mexican entity is regulated by CNBV and offers 'Cash Up', a yield-bearing savings product invested in money-market funds.
Product timeline
2025
Obtained Chilean prepaid card issuer license, enabling Fintual to appear in the Chilean bank transfer list and operate provision-of-funds accounts.· banking
Regulated entities
2
regulatory licences held by Fintual
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Fintual’s embedded-finance stack
Banking / BaaS
Fintual (in-house)
Card issuing
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.