“Can a Credicorp-backed prepaid issuer become Chile's default neobank by stitching together third-party rails (Dock for cards, Chubb for insurance) under one CMF-regulated app?”
Tenpo was launched in 2020 as Credicorp's (Peru's largest financial holding) bet on a digital-first, CMF-regulated neobank in Chile via its Krealo CVC arm. It started as a prepaid-card wallet (TENPO PAYMENTS S.A. is a registered prepaid issuer with the CMF, not a bank), then expanded into credit cards in 2023 using Dock's BaaS issuer-processor, embedded insurance with Chubb, a remunerated account, and investments. The strategy is to build the broadest neobanking suite in Chile under a non-bank prepaid license, leveraging Credicorp's regional balance-sheet for capital and partnerships for everything else.
Tenpo discloses TENPO PAYMENTS S.A. (in-house, CMF-registered prepaid issuer) as its banking provider, according to the Embedded Finance Index 2026.
Tenpo does not disclose a bank charter of its own; its banking services are provided through TENPO PAYMENTS S.A. (in-house, CMF-registered prepaid issuer).
Tenpo processes payments through Webpay (Transbank acceptance), Tenpo Mastercard Prepaid (self-operated) and Tenpo Mastercard Credit (self-operated).
Tenpo's cards are issued through Dock.
The Embedded Finance Index 2026 maps 4 layers in Tenpo's stack: Payments / PSP (Webpay (Transbank acceptance), Tenpo Mastercard Prepaid (self-operated) and Tenpo Mastercard Credit (self-operated)); Banking / BaaS (TENPO PAYMENTS S.A. (in-house, CMF-registered prepaid issuer)); Card issuing (Dock); Lending (Tarjeta de Crédito Tenpo (Black & Standard) with 3-installment no-interest financing).
Tenpo is founded in 2020 and headquartered in Santiago, Chile.
Get a read on where your own stack stands against Tenpo 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.