ION is a Regulated Non-Banking Financial Institution (SOFOM) based in Mexico specialized in providing mortgage financing and real estate bridge loans. We are the first voluntarily regulated SOFOM by the National Banking and Securities Commission (CNBV).
With a strong social mission and superior service, ION has targeted a poorly attended market niche with high growth potential by directing its credits to families with several sources of income that otherwise could only buy their home through very high interest rates loans or paying with cash and small business that need credit at fair price and with a flexible approach that traditional banks don’t offer. Since 2011 we have offer Mortgage, Liquidity, Heloc and self-finance loans in traditional channels through brokers nationwide and digitally.
Our technology platform, based on the best software development practices in the market coupled with a strong and experienced management team, puts ION is one step closer of becoming the first mortgage Fintech (Proptech) in México to offer a 100% end to end digital process.
During 2021, ION has shown a remarkable growth while maintaining financial strength and an adequate portfolio quality. Our portfolio has grown from US$23m to US$189m from January 2016 to July 2021 and we plan on taking it to US$4,800m by December 2028. This hypergrowth is driven by the boost of the digital channel which has more Interesting KPIs than the traditional one while keeping healthy NPLs levels of below 5%, in line with current.