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Institución de Banca Múltiple

Bank
BaaSCard IssuingLending

Bank tracked in the Embedded Finance Index. Named by 3 companies, most often as their banking-as-a-service.

institucindebancamltiple.com ↗
TypeBank
Used asBanking-as-a-Service, Card issuer, Lending partner
Rank#120 of 347 in BaaS
Buyers3 companies

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How companies use Institución de Banca Múltiple

3 companies name Institución de Banca Múltiple in their stack. The most common role is banking-as-a-service (3). A company can use the same bank for more than one thing.

Banking-as-a-Service3
Card issuer2
Lending partner1
Who uses Institución de Banca Múltiple
3 companies disclose Institución de Banca Múltiple in their stack
CovaltoHey BancoNu México
Buyer mix · 3 of 3 classified
Fintech / Neobank · 2Fintech / SMB banking · 1
LATAM · 3
What the disclosures say
Covalto
“Covalto operates as a regulated bank (Banco Covalto, S.A., Institución de Banca Múltiple) and processes payments through its own banking infrastructure.”
Hey Banco
“Hey Banco holds its own Institución de Banca Múltiple charter (confirmed by January 2026 independence announcement and privacy notice).”
Nu México
“Regulatory footer on nu.com.mx: 'Nubank S.A., Institución de Banca Múltiple es una entidad financiera autorizada y supervisada por la CNBV'.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Institución de Banca Múltiple? Claim this profile above to unlock your own full list.
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Other banks in BaaS

Other banks named for BaaS in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Evolve Bank & Trust72 buyers →Sutton Bank64 buyers →Cross River56 buyers →Pathward47 buyers →ClearBank40 buyers →Thread Bank35 buyers →Community Federal Savings Bank30 buyers →GBank27 buyers →
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An embeddable badge for Institución de Banca Múltiple’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #120 of 347 in BaaS — Embedded Finance Index 2026
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Institución de Banca Múltiple — frequently asked

Which companies use Institución de Banca Múltiple?

3 companies disclose Institución de Banca Múltiple in their stack in the Embedded Finance Index 2026, including Covalto, Hey Banco and Nu México.

What do fintechs use Institución de Banca Múltiple for?

Institución de Banca Múltiple is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (3), card issuer (2) and lending partner (1).

What are the alternatives to Institución de Banca Múltiple?

The most-disclosed BaaS alternatives to Institución de Banca Múltiple are Evolve Bank & Trust (72 buyers), Sutton Bank (64 buyers), Cross River (56 buyers), Pathward (47 buyers), ClearBank (40 buyers) and Thread Bank (35 buyers).

Benchmark your own stack

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  • Your category, mappedHow your stack compares to Institución de Banca Múltiple and the other buyers it serves.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

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