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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE BRAZIL EDITION 2026

Brazil’s
financial services industry,
in focus.

The companies, capital and talent shaping financial services in Brazil. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Financial Services Industry Landscape of Brazil
BR
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Financial Services illustration
Companies tracked 1,293Financial Services ecosystem in Brazil Disclosed funding $4.39B29 companies · all recorded rounds Companies hiring 70With open roles at the snapshot Tracked open roles 970 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Brazil’s financial services leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Explore the full landscape
Financial Services company highlights in Brazil, snapshot 30 August 2026
Company
XPxpinc.com$3.28B———
Chevrolet Servicos Financeiroschevroletsf.com.br$251.58M———
Nelogicanelogica.com.br$105.4M—530—
Warrenwarren.com.br$104.51M—526—
Banco Mercedes-Benzbancomercedes-benz.com.br$81.5M———
Falconi Capitalfalconicapital.com$58M———
A5Xa5x.com.br$37.6M———
Vórtxvortx.com.br$35M—261—
Acelera Saudeacelerasaude.com—5 roles——
Banco Sofisasofisa.com.br—3 roles——
Clubfixclubfix.com.br—3 roles——
Gripp Segurosgrippseguros.com.br—3 roles——
Innvoinnvo.com.br—3 roles——
Wert Investimentoswertinvestimentos.com—3 roles——
galucci & associadosgalucci.srv.br—3 roles——
santander brasilsantander.com.br—2 roles52,603—
B3b3.com.br——2,136Financial figure available in RadarView in Radar
BB Seguridadebbseguridaderi.com.br——178—
BMGbancobmg.com.br————
BNDESbndes.gov.br——2,619—
Banco Bradescobanco.bradesco——44—
Banco PANbancopan.com.br——3,891—
Banco do Brasilbb.com.br——99,161—
Daycovaldaycoval.com.br——2,067—
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only
THE KEY SIGNALS

Financial Services industry KPIs in Brazil

A few useful ratios bring the size of this ecosystem into perspective.

30 August 2026
Hiring participation5.4%

70 of 1,293 tracked companies have open roles.

Funding participation3.8%

49 of 1,293 tracked companies have a recorded round.

Top 3 funding share82.8%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$8.6M

Midpoint of 42 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 82.8% of disclosed capital, while 96.2% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Brazil financial services has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Brazil financial services
$0$527.25M$1.05B$1.58B$2.11B2016: $44M20162017: $020172018: $127.5M20182019: $1.78B20192020: $128.29M20202021: $96.12M20212022: $1.85B20222023: $28.41M20232024: $34.9M20242025: $68.96M2025
View the numbers
Annual financial services funding and company formation in Brazil
YearFunding (USD)FoundedRaising
2016$44M401
2017$0560
2018$127.5M631
2019$1.78B667
2020$128.29M803
2021$96.12M513
2022$1.85B3210
2023$28.41M275
2024$34.9M66
2025$68.96M24
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • XP74.7%
  • Chevrolet Servicos Financeiros5.7%
  • Nelogica2.4%
  • Other companies17.2%

Funding by stage

63 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel31 49.2%
Series A–B15 23.8%
Series C+ / PE9 14.3%
Grants, debt & other8 12.7%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series C09/2025
A5Xa5x.com.br$37.6M

Participating investors were not recorded in this snapshot.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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Annual accounts availability

No reviewed exact national-ID connector maps Brazil company identities to the configured global filings table.; No reviewed exact national-ID connector maps Brazil company identities to the configured global filings table.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Brazil companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

34 of the 1,293 companies on this page carry a measured traffic record (2.6%); these are the largest of those, by monthly visits. The median among them is 618,521 visits.

CompanyMonthly visitsAuthorityMobile
Banco do Brasilbb.com.br14,718,0037158.6%
Serasaserasa.com.br14,397,5897369%
santander brasilsantander.com.br13,901,4966979.3%
Itau BBAitau.com.br9,606,3317069.3%
Banco Bradescobanco.bradesco4,276,1916836.1%
Porto Seguroportoseguro.com.br3,723,0816060%
Sicredisicredi.com.br3,441,3805938.6%
Banco PANbancopan.com.br2,773,0905865.6%
B3b3.com.br2,335,1646133.4%
XPxpi.com.br2,294,1135837.8%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

150 of these companies (11.6%) publish at least one Android app — 290 apps in all, carrying 809.8M installs between them.

AppInstallsRatingStore category
BB: Banco, Conta, Pix, CartãoBanco do Brasil124.8M4.6Finance
Banco Itaú: Conta, Cartão e +Itau BBA118.1M4.7Finance
Serasa: Consulta CPF e ScoreSerasa109M4.6Finance
Santander Brasilsantander brasil103.4M4.7Finance
Banco PAN: Conta, Cartão e +Banco PAN58.8M4.3Finance
Santander Waysantander brasil50.8M4.1Finance
Itaú: Cartões de créditoItau BBA47.6M4.8Finance
Banco Bmg: Cartão e EmpréstimoBMG24.1M4.6Finance
SicrediSicredi16.5M4.7Finance
OurocardBanco do Brasil14.7M4.2Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Banks97633.8MBB: Banco, Conta, Pix, Cartão 124.8M
Global 20007168.4MSantander Brasil 103.4M
Service Providers To Banks36138.8MSerasa: Consulta CPF e Score 109M
Insurance Carriers3619.2MBradesco Seguros 6.3M
Asset Management3014.5MXP Investimentos 10.5M
Consumer And Sme Loans188.3MDM App: Conta, Crédito e Pix 5.1M
Services For Health Insurers57.9MHapvida NotreDame 7.6M
Services For Investment Industry317.8MMaisMei: Guia DAS e Gestão MEI 5.4M

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 32023Q2: 42023Q22023Q3: 42023Q3: 42023Q32023Q4: 32023Q4: 12023Q42024Q1: 52024Q1: 12024Q12024Q2: 12024Q2: 22024Q22024Q3: 12024Q3: 62024Q32024Q4: 62024Q4: 122024Q42025Q1: 42025Q1: 72025Q12025Q2: 42025Q2: 72025Q22025Q3: 32025Q3: 222025Q32025Q4: 52025Q4: 372025Q42026Q1: 12026Q1: 342026Q1

Darker bars are new releases, lighter bars apps updated. 143 of 290 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Brazil financial services market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Nbfc lenders59
Enterprise tech29
Fintech29
Consumer digital25
Enterprise software14
Saas9
Internet first lenders8
Global 20005

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Nbfc lenders

The largest measured segment in this report snapshot.

59companies
5.1%have hiring activity

3 companies hiring · $341.44M disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Fee-for-service811
Commission on transaction718
E-commerce - service179
Subscription156
Advertising94
Lending59
E-commerce - product54
Physical commerce21
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Funding roundssuno.com.br ↗

AI music startup Suno is expected to close its Series D funding round within weeks, raising more than USD $250 million and achieving a valuation of $5 billion.

Mergers & acquisitionsbancobmg.com.br ↗

BMG and Concord have announced a definitive agreement to merge their businesses, forming the world’s leading independent music company.

Mergers & acquisitionstokiomarine.com.br ↗

Berkshire Hathaway, the US conglomerate led by Warren Buffett, is set to acquire a 2.49% stake in Japanese insurer Tokio Marine for approximately $1.8bn (Y287.4bn) as part of a newly formed “strategic partnership”.

IPO activityodontoprev.com.br ↗

Odontoprev's actions shoot on Friday, 27, after the announcement of the creation of Bradsaúde, a new health conglomerate that will bring together Bradesco's health assets and will be listed in the New Market of B3 through a reverse IPO (Initial Public Offer) with Odontoprev.

Mergers & acquisitionsmaismei.com.br ↗

Visma, a provider of mission-critical business software across Europe and Latin America, has acquired MaisMei, a Brazilian compliance-first app focused on Individual Micro Entrepreneurs (MEIs).

Funding roundsgruposize.com.br ↗

Totvs acquired the remaining 37.5% of the Size from B3 for R$ 665 million, after exercising a sale option provided for in shareholders' agreement.

Mergers & acquisitionsredomacapital.com.br ↗

BVA – Barreto Veiga Advogados advised Apex Partners on the acquisition of equity interests in Redoma Capital and Grupo Potenza, acting as exclusive legal counsel on the transactions.

Mergers & acquisitionsxpi.com.br ↗

which involved the acquisition of Will IP (Payment Institution) by the Reag, XP has successfully completed its financial institution in exchange for the purchase of Master's CBDs.

IPO activitypine.com ↗

The market is awaiting follow-on offerings from companies such as Pague Menos , Copasa, Tenda, Moura Dubeux, Banco Pine and, according to NeoFeed , Riachuelo .

Mergers & acquisitionssolisinvestimentos.com.br ↗

Patria Investments Limited (“Patria”) (NASDAQ: PAX), a global alternative asset manager, confirmed today the completion of its previously announced acquisition of a 51% stake in Solis Investimentos

Full recorded event mix

Top 10 categories among 248 recorded events in the 24-month window.

Earnings
65
Mergers & acquisitions
62
Leadership moves
33
Funding rounds
17
Contracts
12
Regulatory
11
Company announcements
10
Asset acquisitions
8
Lawsuit
7
New products
6
7 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

3 companies with recorded IPO activity

OdontoPrev ↗

IPO activity · B3 New Market1 reports

PINE ↗

Follow-on Offering1 reports

Reag ↗

IPO · B32 reports

Leadership moves

19 tracked people moves

Leandro Bousquet

Appointment Lead

BMG ↗
Tim Miles

Appointment executive vice president, Global Sync+

BMG ↗
Celine Joshua

Promotion EVP, Global Marketing & Streaming

BMG ↗
Laurent Pernin

Promotion Co-General Manager at BMG France

Infomoney ↗
Rodrigo Flores

Appointment New Leader

Mario León

Departure Previously Chief Executive Officer, Santander Brasil

Gilson Finkelsztain

Appointment Chief Executive Officer

Mario Roberto Opice Leão

Departure Previously Chief Executive Officer

Product launches

Products, platforms and features in the recorded window

Serasa ↗
Serasa ChatGPT app

Financial Education

Pix abroad feature

Instant Payments

Banco do Brasil Pix

Payments

Contract wins

7 recorded customer wins

BMG ↗

Customer: concordMusic

Reag ↗

Customer: alife groupFood Service

BNDES ↗

Customer: Climate Finance

Embracon ↗

Customer: cnp assurancesFintech

Customer: energy transition, decarbonization

Perfin ↗

Customer: cosan

Workforce actions

1 companies with reported reductions

2,300 rolescost reduction

Regulatory events

12 recorded events

B3 ↗

authorized to start operations under Easy SchemeSecurities Commission (SVC)

IG4 Capital ↗

approved transactionBrazil’s Administrative Council for Economic Defense

IG4 Capital ↗

Approved acquisitionCade

B3 ↗

received approvalCVM

Litigation

6 tracked suits

Company
Itaú Unibanco, banco bradesco v oi

Bankruptcy grievance over non-competitive obligationsCivil · Ongoing

Company
environmental management v Bank Opportunity, Bank Bradesco

preventing sale of Ambipar shares during judicial recoveryCivil · Verdict

Earnings pulse

Reported company results in the recorded window.

20companies
67period observations
7.5%median reported growth

Median across 21 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
BMG→concordAnnounced2026-04-28Not stated in snapshot
Global Infrastructure Partners and Brookfield Infrastructure→Atlantia ↗Rumored2026-04-07Not stated in snapshot
berkshire hathaway→Tokio Marine ↗Announced2026-03-24$1.8B
visma→MaisMei ↗Completed2026-02-13Not stated in snapshot
evertec→size ↗Announced2026-02-02Not stated in snapshot
apex partners→RedomaCapital ↗Announced2026-01-22Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

3 postings in the preceding 12 months. The full 5-posting snapshot covers 4 employers.

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Most advertised job titles

Audit Associate Sr Financial Service | Senior Associate 21
Financial Researcher (Research Associate)1
Chief Financial Officer (Cfo)1
0 internship postings

0 tracked postings mention remote work.

The seniority mix

2 postings specify a level.

unspecified
3
manager
1
senior
1

Skills employers mention

Top skills across 5 tracked postings in the available jobs snapshot.

Saas
2
Prospecting
2
Financial Services
2
Software Subscriptions
2
THE PEOPLE BUILDING THE FIELD

Founders and leaders

274 founders and chief executives across 227 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

24 profiles with education records.

Harvard Business School
5
Harvard University
5
University of Pennsylvania
5
INSEAD
2
University of Oxford
2
Pontifical Catholic University of Rio de Janeiro
2
University of Chicago
2
The Wharton School
2

Prior employers

6 profiles with prior-work records.

Goldman Sachs
3
Morgan Stanley
3
McKinsey
1
Bain
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

280,266 articles in the measured 12-month window.

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280,266articles in the measured year
30,214articles in 2026Q1
27.1%positive tone in the latest complete year

News volume trends

Financial Services coverage across Brazil · articles per complete quarter

051,356102,712154,068205,4242021Q2: 27,5902021Q22021Q3: 30,3332021Q4: 23,2982022Q1: 24,6612022Q2: 25,2392022Q22022Q3: 26,5922022Q4: 41,6492023Q1: 37,4092023Q2: 55,5352023Q22023Q3: 43,2192023Q4: 31,6422024Q1: 36,2152024Q2: 42,8312024Q22024Q3: 46,7672024Q4: 49,4912025Q1: 60,2282025Q2: 46,8162025Q22025Q3: 178,6302025Q4: 28,7382026Q1: 30,2142026Q1
View quarterly article counts
QuarterArticles
2021Q227,590
2021Q330,333
2021Q423,298
2022Q124,661
2022Q225,239
2022Q326,592
2022Q441,649
2023Q137,409
2023Q255,535
2023Q343,219
2023Q431,642
2024Q136,215
2024Q242,831
2024Q346,767
2024Q449,491
2025Q160,228
2025Q246,816
2025Q3178,630
2025Q428,738
2026Q130,214

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
39,523 positive · 19,546 neutral · 28,371 negative
2022
57,428 positive · 30,205 neutral · 30,326 negative
2023
85,438 positive · 40,473 neutral · 41,598 negative
2024
77,385 positive · 58,349 neutral · 39,286 negative
2025
85,058 positive · 89,754 neutral · 139,191 negative

Leading coverage topics

Financial Services coverage across Brazil · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,128 articles in the full recorded period
61,750 recent · 46,325 prior
International And Transnational Geographic Entities300,128 articles in the full recorded period
61,750 recent · 46,327 prior
Administrative And Political Subdivisions300,092 articles in the full recorded period
61,740 recent · 46,319 prior
International Sports Competitions27,951 articles in the full recorded period
2,566 recent · 3,902 prior
Professional League Updates16,097 articles in the full recorded period
2,197 recent · 1,989 prior
Cryptocurrency Impact On Forex Markets15,162 articles in the full recorded period
2,378 recent · 2,116 prior
International Political Relations13,350 articles in the full recorded period
1,622 recent · 2,050 prior
Trade Policies And Agreements11,803 articles in the full recorded period
3,219 recent · 2,052 prior
Athlete Transfer Rumors11,595 articles in the full recorded period
1,601 recent · 1,460 prior
Olympic Games Coverage11,488 articles in the full recorded period
750 recent · 2,182 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Financial Services coverage across Brazil

KeywordRecentPriorChange
countries2,4151,013138%
tariff negotiations1,8941,17961%
trade dispute mechanisms80143783%
free trade deals78754644%
angel investors631189234%
climate mobilization62244141%
bilateral trade61940354%
preferential tariff58432281%
tariff rate quota49225494%
mfn tariff38221974%
olympic team selections123794-85%
geopolitical alliances394624-37%
olympic trials99577-83%
ronaldo322562-43%
copa libertadores92521-82%

Event and signal lenses

Financial Services coverage across Brazil

All complete annual cohorts shown
Rising

Regulatory Risk

626,912 classified articles

territories, disputed islands, countries

16.4% critical · 11.7% positive
Rising

Funding Momentum

46,044 classified articles

angel investors, early-stage investment, asset acquisition

33.6% critical · 40.4% positive
Rising

Growth

126,551 classified articles

gdp growth rate, economic growth statistics, economic output growth

27.0% critical · 44.7% positive

Financial Services coverage across Brazil. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Financial Services in Brazil: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put Brazil in context

All landscapes ↗

Company ecosystem snapshot: 30 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon