Banco BS2
“Can a mid-size Brazilian PJ-focused bank become the BaaS rails behind fintechs, marketplaces, and global remittance players that need Pix and BRL access?”
Founded1992
HQBelo Horizonte, Minas Gerais, Brazil
IndustryBank / National
The story
Banco BS2 evolved from a traditional Brazilian credit-focused bank (formerly Banco Bonsucesso) into a 100% digital bank for businesses. Its acquiring arm Adiq spun out as a separate brand. Since 2021 the company has positioned itself as 'BS2 Infratech' — a Banking-as-a-Service provider exposing checking accounts, Pix, FX (BS2 Easy Pay), boletos, credit, and insurance to partners via APIs or white-label platforms.
Last 12 months
—
Product timeline
0
Launched BS2 Seguros JV with Traficc for B2B2C insurance programs· acquisition
0
Rebranded BaaS arm as BS2 Infratech offering API and White Label models· pivot
2015
Adiq (BS2's acquiring vertical) founded; partnered with Adyen for Brazilian sub-acquiring· acquisition
2019
Adiq launched Acquirer-as-a-Service vertical with Grupo Check· pivot
2020
Became indirect/direct participant in Pix instant payment scheme· banking
2021
Launched BS2 as a Service (BaaS) business unit exposing all bank verticals via APIs· pivot
2022
Partnered with Belvo for open finance transaction enrichment to improve SME credit analysis· lending
Regulated entities
2
regulatory licences held by Banco BS2
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Banco BS2’s embedded-finance stack
Payments / PSP
Adiq (BS2 Pay, self-operated acquirer)Pix (direct participant, self-operated)Boleto / Cobrança (self-operated)Adyen (BIN sponsorship partnership via Adiq)
Banking / BaaS
in the full report
Lending
in the full report
Open banking
in the full report
FX & payouts
in the full report
Accounting gap: significant
8 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.