Agibank
“Can a hybrid physical-plus-digital bank win Brazil's underbanked retiree and CLT-worker segments that pure-digital neobanks fail to serve?”
Founded1999
HQCampinas, São Paulo, Brazil
Latest roundFIDC $350M (June 2025); Lumina Capital $63M (January 2025)
IndustryBank / National
The story
Founded 1999, Agibank differentiates itself from Brazil's pure-digital neobanks (Nubank, Inter) with a hybrid model — 1,000+ physical 'Smart Hubs' plus a digital app — targeting Brazil's underserved retirees, INSS beneficiaries, and lower-income CLT workers. Core business is secured payroll-deductible lending (consignado). The bank is now publicly listed (AGBK/AGI Inc.), expanding into private-sector payroll credit (2025), CBDC/Drex participation, and lifestyle subscriptions (Agi+, 2026).
Last 12 months
Product timeline
1999
Founded in Brazil as a specialized consumer finance provider· banking
2023
Included in ABBC consortium for Brazil's Drex CBDC pilot (Banco Central do Brasil)· banking
2024
Reached 6M+ customers and R$870M net income; 1,000+ Smart Hub physical locations· banking
2025
Launched private-sector payroll lending (CTPS) — captured ~25% of national simulations at launch· lending
2025
Raised $350M via FIDC backed by payroll-deductible loans· lending
2026
Launched Agi+ subscription platform extending beyond financial services· pivot
2026
Deployed Salesforce Agentforce for AI-driven customer service· pivot
Regulated entities
1
regulatory licence held by Agibank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Agibank’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Investing
in the full report
Accounting gap: none
13 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.