Banco Fibra
“Can a mid-sized industrial-heritage Brazilian bank differentiate by embedding credit and payments directly into corporate supply chains (steel, agro, SME)?”
Founded1988
HQSão Paulo, Brazil
IndustryBank / National
The story
Banco Fibra is a mid-sized Brazilian bank founded in 1988, part of Grupo Vicunha (the industrial group that also owns Companhia Siderúrgica Nacional / CSN). Historically a corporate and middle-market lender rooted in industry, it has expanded into agribusiness, SME lending, FX/derivatives, and a Fibra Corretora insurance-brokerage subsidiary. In 2026 it launched a B2B BNPL product for the steel supply chain, signaling a push into embedded supply-chain financing.
Last 12 months
Product timeline
1988
Banco Fibra founded as part of Grupo Vicunha (industrial conglomerate that also owns CSN).· founding
2026
Launched BNPL (Buy Now Pay Later) product targeted at the steel supply chain.· lending
Regulated entities
2
regulatory licences held by Banco Fibra
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
8 layers disclosed in Banco Fibra’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Insurance
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounting
in the full report
Accounting gap: significant
23 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.