“Can Latin America's largest investment bank become the operating system for Brazilian SMBs through API-first embedded banking?”
BTG Pactual is the largest investment bank in Latin America (founded 1983 in Brazil). In 2021 it expanded beyond institutional finance by launching a retail digital bank (BTG+) on top of Pismo's core banking infrastructure, and has since built out BTG Pactual Empresas — a full SMB banking stack with embedded APIs (Pix, boletos, FX, receivables anticipation, payroll, account opening) targeting ERPs and corporate clients.