Banco Digimais
“Can a mid-sized traditional Brazilian bank rebrand as digital and win SMB credit distribution through banking correspondents without building a full neobank front end?”
Banco Digimais (Digi+) is a 45-year-old Brazilian bank that repositioned as a 100% digital institution focused on SMB credit — capital de giro (working capital), desconto de duplicatas (invoice discounting), antecipação de recebíveis (receivables financing) and consignado (payroll-deducted lending). Not a neobank in the Nubank/Inter sense: distribution is heavily via correspondentes bancários (banking correspondents), and the PJ digital account is restricted to companies in the group. The strategic bet is being a credit-first mid-market bank rather than a mass-consumer challenger.