Desyfin started operations in 1991 and is regulated by Banco Central de Costa Rica (BCCR) through the General Superintendency of Financial Institutions (SUGEF) and the General Superintendency of Securities (SUGEVAL).
The entity is registered in the National Stock Exchange and is mainly focused on financing projects and contracts with the Central Government, Autonomous Institutions and AAA Corporations, through integrated services like issuance of guarantees, purchase order financing, working capital, factoring and international services like wire transfers, foreign currency exchange and letters of credit.
Its target market are Small and Medium-Sized Enterprises (SMEs) that require agile and flexible service to grow and develop. Their growth is backed by important financial allies like the Inter-American Development Bank (IDB), Development Bank of Latin America (CAF), the Norwegian Investment Fund for Developing Countries (NORFUND) and the Central American Bank for Economic Integration (CABEI).
In 2013 the Norwegian Government, through the Norwegian Investment Fund for Developing Countries (NORFUND) acquired Desyfin stock, which makes it a strategic partner for the entity.
In 2011, the Costa Rican Chamber of Commerce gave recognition to its president, Silvio Lacayo Lacayo as “Businessman of the Year”. In 2008, the Chamber also recognized Desyfin with the “Service Enterprise” award and its general manager Silvio Lacayo B. was chosen as “Young Manager of the Year.” It is one of the few financial entities currently composed mostly by Costa Rican capital.
Financiera Desyfin has 7 offices located in Sabanilla, Rohrmoser, Heredia, Grecia, Guápiles, Guanacaste and Santa Ana. It is currently leader in factoring with annual transactions for $150 million.