“Can a newly independent Mexican digital bank built on Banregio's infrastructure become the financial OS for consumers and SMBs in Mexico while simultaneously monetizing its banking infrastructure externally via Hey Tech?”
Hey Banco launched in 2018 as the digital banking channel of Banregio Grupo Financiero, targeting consumers and SMBs through a fully mobile experience. On January 31, 2026, it became an independent regulated bank (Institución de Banca Múltiple) with its own charter and standalone technology platform, marking a clean structural separation from Banregio while retaining group backing. In March 2026 it launched Hey Tech, repositioning itself not just as a digital bank but as a financial-infrastructure-and-AI provider for third-party banks and fintechs across Latin America — monetizing its SPEI access, collection-automation stack, and AI models externally.
Hey Banco discloses Hey Banco, S.A. and Institución de Banca Múltiple (in-house) as its banking providers, according to the Embedded Finance Index 2026.
Hey Banco does not disclose a bank charter of its own; its banking services are provided through Hey Banco, S.A. and Institución de Banca Múltiple (in-house).
Hey Banco's cards are issued through Hey Banco, S.A. and Institución de Banca Múltiple (in-house).
The Embedded Finance Index 2026 maps 3 layers in Hey Banco's stack: Banking / BaaS (Hey Banco, S.A. and Institución de Banca Múltiple (in-house)); Card issuing (Hey Banco, S.A. and Institución de Banca Múltiple (in-house)); Lending (Crédito Hey Negocios Express (working capital / fixed assets, $100K–$1M MXN, 12–36 months), Crédito de Auto (auto loan, up to $12.5M MXN), Crédito personal (personal loan), Tarjeta de Crédito Hey (revolving credit) and 1 other).
Hey Banco is founded in 2018 and headquartered in San Pedro Garza García, Nuevo León, Mexico.
Get a read on where your own stack stands against Hey Banco and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.