Kapital Bank, a Mexico-based financial institution, has announced its intention to acquire brokerage, asset management, and operational banking assets from Grupo Financiero Intercam.
This development was confirmed by the Mexican government on 19 August 2025. The acquisition aims to expand Kapital’s client base and enhance its service offerings.
Kapital has enlisted K2 Integrity, a firm specialising in risk advisory and forensic diligence, to evaluate the assets being acquired. This collaboration is intended to ensure the assets are thoroughly vetted and free from toxic elements.
The transaction remains contingent on the finalisation of definitive agreements and the acquisition of customary regulatory approvals.
Discussions with the US Treasury and Mexican authorities are ongoing to secure alignment with their regulatory frameworks. Key approvals have already been granted, including from Mexico’s National Banking and Securities Commission (CNBV).
Kapital’s compliance systems incorporate advanced artificial intelligence (AI) technologies designed to combat money laundering and terrorist financing. The systems feature comprehensive protocols, including robust KYC procedures, customer risk assessments, transaction monitoring, and restricted party screenings.
By leveraging data from Mexico’s SAT electronic invoice system, Kapital aims to proactively identify and mitigate illicit financial activities.
Upon completion of the transaction, Kapital plans to invest $100m into its banking operations, enhancing compliance and technology infrastructure. This investment is expected to strengthen Kapital’s operational capabilities and ensure it meets obligations to clients and investors.
The acquisition will bring approximately 180,000 new clients to Kapital, including 800,000 pensioners.
Kapital Bank co-founder and CEO René Saúl said: “Kapital Bank was founded to transform how businesses access financial services, using AI and technology to automate and streamline processes.
“We are proud to step in to acquire these assets at this critical moment and are pleased to be in active discussions with the US Treasury. This acquisition will position us among the top 15 banks in Mexico, firmly establishing Kapital as the leading banking partner for businesses in the country.”
Post-acquisition, Kapital will serve nearly 300,000 customers and manage over $3bn in assets across the US, Mexico, and Colombia. Although none of Intercam’s compliance personnel will transition to Kapital, existing clients will continue using their regular products with improved compliance features.
Kapital is incorporated in Delaware and supported by US-based institutional investors such as Tribe Capital, Cervin Ventures, and Tru Arrow.
