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Despite the growing presence of fintech companies in Mexico, a survey conducted in 2023 uncovered a significant gap:
Only 33% of adults in the country have access to formal credit, leaving an estimated 61 million Mexicans without this essential financial service.
Enter Aviva.
Aviva is looking to change things by using new technology to bridge the gap between online and traditional banking. Aviva’s goal is to finally bring banking services to millions of people in Mexico's medium-sized cities who haven't had access before.
Aviva was founded to address a long-standing challenge that regulators, banks, and startups have yet to solve. Our mission goes beyond offering premium financial products, we are driven to provide life-changing tools that are easy to use and powered by artificial intelligence. At Aviva, we are committed to helping those who have been overlooked realize their full potential and create a better future for themselves and their families. - (Fil Castro Co-Founder Aviva)
Aviva’s inception story
The inspiration to build Aviva stemmed from the shared experiences of David and Fil, co-founders of Aviva, who had extensive backgrounds in both traditional banking and fintechs. Despite many significant VC investments, they noticed that access to formal credit had remained stagnant, particularly in smaller towns removed from major metropolitan areas.
David and Fil realized that a different approach was needed to address the challenges faced by the underbanked population.
This realization led them to dive deeper into the factors keeping millions underbanked and explore leveraging computer vision and AI as tools to transform financial access.
How does Aviva work?
Aviva's “brick and mortar” kiosks offer a unique blend of physical presence and digital innovation. There are 24 kiosks in Mexico, located in towns like Chalco de Díaz, Texcoco, and Izúcar de Matamo, a couple of hours from Mexico City.
