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Exhibit 21.1
SUBSIDIARIES OF COVALDO LTD.
| Name of Subsidiary |
Jurisdiction of Organization | |
| Covalto Inc | USA | |
| Covalto LLC | USA | |
| Covalto Operations LLC | USA | |
| Fortius Intermediate Holdings, LLC | USA | |
| Covalto Ventures, S. de R.L. de C.V. | México | |
| Banco Covalto, S.A. Institución de Banca Múltiple | México | |
| APJusto, S.A.P.I. de C.V., SOFOM, E.R. | México | |
| Justo Lease, S.A.P.I. de C.V. | México | |
| Covalto US Holdings, S.A. de C.V. | México | |
| Visor ADL, S.A.P.I. de C.V. | México | |
| Altius Servicos e Participacoes, LTDA |
Brasil | |
| Covalto Merger Sub Ltd. | Cayman Islands | |