Entity

An Entity is an organization with its own legal identity. It is the parent of Accounts. One Entity can own many Accounts.

Root Entity

Your own business is represented by a single Root Entity, one per environment (test and live). The Root Entity is created automatically once you finish onboarding in live mode. Accounts under your Root Entity hold your company's money.

Entities for your customers

You can create Entities for end users or clients when you need transfers to show their legal name on the receipt (for example, a marketplace paying sellers under each seller's RFC/RUT).

Creating a customer Entity requires KYB (Know your Business) review by Fintoc compliance, typically under 1 business day. See Create more accounts for the flow.