The funds in your account are managed by APOYO MÚLTIPLE, S.A. de C.V. Sociedad Financiera Popular, under the brand Fondeadora.
APOYO MÚLTIPLE is an institution leader with over 10 years of experience in the banking sector, supervised by CONDUSEF and the CNBV.
This means that your money is safe, as it is backed up before any contingency that may occur. This backing is done by PROSOFIPO (Fondo de Protección de Sociedades Financieras Populares y de Protección a sus Ahorradores). This back up consists of approximately $150,000 MXN.