Banco Pine
“Can a mid-sized Brazilian corporate bank rent its balance sheet, license and rails to fintechs via BaaS while retaining a differentiated structured-credit franchise?”
Founded1997
HQSão Paulo, Brazil
FoundersNoberto N. Pinheiro
Latest roundIPO 2007 (B3: PINE3)
IndustryBank / National
The story
Banco Pine is a Brazilian mid-market corporate bank founded in 1997, IPO'd in 2007 as the first mid-sized Brazilian bank on B3. Historically focused on structured credit, FX/trade finance and derivatives for corporate clients (agribusiness and real estate verticals prominent). More recently it has extended into retail via a digital fixed-income app, a payroll credit card partnership with Amigoz, and has begun exposing its balance-sheet as a BaaS provider — positioning itself as an embedded-finance rail rather than only a direct lender.
Last 12 months
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Product timeline
0
Expanded into corporate credit, FX/trade finance, derivatives, capital markets, and insurance brokerage.· lending
0
Launched payroll credit card (Cartão Consignado) via partnership with Amigoz.· card
0
Launched Banco Pine App — 100% digital fixed-income investment platform.· banking
0
Launched BaaS offering under Services / Partnerships portfolio for third-party businesses.· banking
1997
Noberto Pinheiro founds Banco Pine, building on family financial-market presence dating to 1939.· banking
2007
IPO on B3 (Brazilian Stock Exchange) as ticker PINE3 — first medium-sized bank to go public in Brazil.· ipo
Regulated entities
2
regulatory licences held by Banco Pine
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Banco Pine’s embedded-finance stack
Payments / PSP
Banco Pine (self-operated)PIX (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounting gap: significant
24 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.