What is a SOFOM?
A SOFOM is a Multiple Purpose Financial Company that can grant any type of credit to individuals and legal entities, in addition to operating leasing and financial factoring, and acting as a trustee in guarantee trusts.
Among the main types of credit that can be offered:
Simple
Roster
Automotive
Mortgage Staff Among others
Benefits of a SOFOM
Increase your profitability
Acting as a “Financial Arm” allows for increased profitability of the business group.
Market strengthening
It allows us to boost and develop the captive market through timely and needs-based credit.
SAPI de CV SOFOM
Under the SAPI DE CV model, the participation of resources from external capital partners is permitted.
Concentrate liabilities
Concentrate the liabilities of companies and their clients in a single financial institution, which reduces operational burdens and costs.
.png)
Internal control
Operating manuals, credit product design, Portfolio Management System, and AML/CFT module.
.png)
External anchor lines
Faculty to obtain external funding lines from Commercial Banks and/or Development Banks.
.png)
Tax and legal benefits
It has tax and legal benefits to act as a financial intermediary.
.png)
Credit cards
Issuance of credit cards for the captive credit market.
SOFOM acquisition phases
1. Legal constitution and institutional management
1. Legal constitution and institutional management
1. Legal constitution and institutional management
2. Internal control and registration with authorities
1. Legal constitution and institutional management
3. Licensing and system training
1. Legal constitution and institutional management
4. Start-up of operations and subsequent advice*
*Model ready for immediate marketing and operation
Scope of SOFOM
We put at your disposal a SOFOM, ENR (Multiple Purpose Financial Company, Non-Regulated Entity) of recent formation that meets all the regulatory requirements for its operation.
SOFOM is made up of the following concepts:
-
Corporate governance.
-
Institutional management. Obtaining the Technical Opinion and Institutional Code.
-
Hiring of Credit Information System (SIC).
-
Credit Product Design.
-
Operational, Administrative and Strategic Manuals.
-
Enterprise image desing.
Permanent license of the Portfolio Management System.
Opinion of authorization of PLD / FT processes.
Website development in compliance with applicable regulations.
Accompaniment and training.
Option aimed at business groups and investors who have experience in granting credit.
LOOKING TO OPEN A SOFOM FROM SCRATCH?
Creation of a new Financial Intermediation Company (SOFOMES, FINTECH, SOFIPOS) tailored to your needs.
CONTACT
IBC GROUP
Looking for more information or want to receive a quote? Submit your information and an IBC Group representative will contact you as soon as possible.
BACK TO TOP