Background and Founding of Atrevus
Atrevus, a multiple-purpose financial society (Sofom), was established 14 years ago in the garage of its founder Jorge Martínez’s parents’ house in Metepec, Valley of Toluca. While studying Business Administration at Tec de Monterrey in Toluca and Querétaro, Martínez conceived the idea of founding Atrevus, a financial institution offering productive and consumer loans.
Growth and Expansion
Today, Atrevus manages approximately 1,000 million pesos and is preparing for its initial public offering (IPO) on the Mexican stock market, likely in Q4 2023 or early 2026. Martínez mentioned in an interview that they are targeting their first debt public issuance on the Mexican stock market in November 2023 or by March 2024, deciding between Biva and the BMV.
Atrevus has been rated by RH Ratings and Verum, and they are in the process of obtaining a rating from Moody’s this month.
Sustained Growth Amidst Economic Challenges
Despite the economic and political uncertainties looming over Mexico, Atrevus has experienced significant growth this year. Institutional investors remain optimistic about the country, allowing Atrevus to flourish.
“We started with 30,000 pesos, a laptop, some paper, and an printer 14 years ago in Metepec,” recalls Martínez. Now, Atrevus manages nearly 1,000 million pesos and aims to handle between 3,000 and 4,000 million pesos by the end of 2030.
Client Base and Sector Focus
Atrevus serves around 800 clients, all located in Mexico City and the Valley of Toluca. They cater to both individuals and legal entities, including numerous small and medium-sized enterprises (SMEs).
“Our primary clients are from the agriculture and healthcare sectors. We finance technological greenhouses, solar panels, hemodialysis clinics in the State of Mexico, and even support single mothers starting small businesses,” explains Martínez.
Commitment to Environmental, Social, and Governance (ESG) Principles
Atrevus is strongly committed to ESG principles, with about 70% of their funded projects being ESG-focused. Since 2018, they have collaborated with Banco Bx+ on private emissions.
“We are preparing for a potential stock market listing alongside the IDB. Our funding sources are already diversified, including FIRA, commercial banking, and both national and international funds,” says Martínez.
