“Can a mid-tier Brazilian bank rebuild itself as the embedded-finance infrastructure layer for the next generation of Brazilian fintechs?”
Banco BV (formerly Banco Votorantim) started as a wholesale/corporate bank inside the Votorantim conglomerate, becoming dominant in Brazilian auto financing. Since ~2018 it has rebranded as 'banco BV' and pivoted toward being an infrastructure provider — its BV Open BaaS/Credit-as-a-Service platform is one of the largest in Brazil, white-labeling banking rails to fintechs (most notably Neon, in which it was an investor). The bank now runs a hybrid model: direct retail (auto loans, solar financing, vehicle-collateral loans, SMB receivables) plus embedded-finance APIs sold to partners.
Banco BV discloses Banco Votorantim S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Banco BV does not disclose a bank charter of its own; its banking services are provided through Banco Votorantim S.A. (in-house).
Banco BV processes payments through Pix (Brazil instant payments, self-operated), TED (self-operated), Boleto (self-operated) and Cartão BV (self-issued debit/credit). Disclosed money-movement rails: Pix.
Banco BV's cards are issued through Banco Votorantim S.A. (self_issued).
Banco BV's lending and capital products are provided by Banco Votorantim S.A. (in-house).
Banco BV connects to bank accounts through BV Open (self-operated AISP/PISP, Brazil Open Finance).
Banco BV integrates with API integration, File exchange (CNAB) and Internet Banking.
The Embedded Finance Index 2026 maps 7 layers in Banco BV's stack: Payments / PSP (Pix (Brazil instant payments, self-operated), TED (self-operated), Boleto (self-operated) and Cartão BV (self-issued debit/credit)); Money movement (Pix); Banking / BaaS (Banco Votorantim S.A. (in-house)); Card issuing (Banco Votorantim S.A. (self_issued)); Lending (Banco Votorantim S.A. (in-house), Financiamento de veículos, Financiamento para energia solar, Empréstimo com garantia de veículo and 8 others); Open banking (BV Open (self-operated AISP/PISP, Brazil Open Finance)); Accounting (API integration, File exchange (CNAB) and Internet Banking).
Banco BV is founded in 1988 and headquartered in São Paulo, Brazil.
Get a read on where your own stack stands against Banco BV and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.