Banco Pan
“Can a BTG-controlled retail bank become Brazil's most complete digital credit-and-consumption platform for the mass market?”
HQSão Paulo, Brazil
IndustryBank / National
The story
Banco PAN is a Brazilian retail bank, listed on B3 (BPAN4), controlled by BTG Pactual and operating as part of the BTG Pactual Prudential Conglomerate. It has evolved from a traditional credit-focused institution (payroll loans, vehicle financing, FGTS-backed loans) into a digital-first banking platform offering a full suite of consumer financial products — credit, cards, insurance, investments, marketplace (Buscapé) and auto marketplace (Mobiauto) — through a single app to over 32 million clients.
Last 12 months
Product timeline
2023
Published Sustainable Financing Framework as part of BTG Pactual Prudential Conglomerate.· esg
2025
Reported 32.5M clients, R$61.5B credit portfolio, R$209M adjusted net income in 3Q25.· growth
Regulated entities
1
regulatory licence held by Banco Pan
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Banco Pan’s embedded-finance stack
Payments / PSP
PIX (self-operated)Boleto (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Open banking
in the full report
Accounting gap: none
11 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.