“Can a Brazilian SMB ERP become the operating system — and the licensed bank — for every small business and its accountant?”
Conta Azul started in 2011 as a cloud ERP for Brazilian micro and small businesses, focused on financial control, invoicing (NF-e/NFS-e/NFC-e) and the accountant relationship. Over the last five years it has aggressively embedded finance: it obtained its own Brazilian Payment Institution license (Contaazul IP), operates as a correspondent bank of Banco BTG Pactual, launched an in-house Conta PJ business account with Pix, boleto, cards and receivables discounting, and layered on receivables financing (own product plus Adiante for NF-e financing). It is now a vertical SaaS + own-brand BaaS platform for Brazilian SMBs and their accountants.
Conta Azul discloses Contaazul Instituicao de Pagamento Ltda (in-house) as its banking provider, with Banco BTG Pactual S.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Conta Azul does not disclose a bank charter of its own; its banking services are provided through Banco BTG Pactual S.A..
Conta Azul processes payments through Conta PJ da ContaAzul IP (self-operated) and Cobranças da Conta Azul (self-operated). Disclosed money-movement rails: Pix.
Conta Azul's lending and capital products are provided by Adiante and Crédito Cobranças da Conta Azul (in-house).
Conta Azul connects to bank accounts through Conta Azul Open Finance (in-house, BCB-regulated).
Conta Azul integrates with Conexão com Contador (native accountant portal), REST API (OAuth 2.0), Central de Parceiros e Integrações (100+ apps), Pluga, Base, Log CTE, RevTrack, Gubee and 1 other.
The Embedded Finance Index 2026 maps 7 layers in Conta Azul's stack: Payments / PSP (Conta PJ da ContaAzul IP (self-operated) and Cobranças da Conta Azul (self-operated)); Money movement (Pix); Banking / BaaS (Contaazul Instituicao de Pagamento Ltda (in-house)); Lending (Adiante, Crédito Cobranças da Conta Azul (in-house), Antecipação de Boletos (Crédito Cobranças da Conta Azul) and Crédito NF-e (via Adiante)); Open banking (Conta Azul Open Finance (in-house, BCB-regulated)); Sponsor bank (Banco BTG Pactual S.A.); Accounting (Conexão com Contador (native accountant portal), REST API (OAuth 2.0), Central de Parceiros e Integrações (100+ apps), Pluga and 5 others).
Conta Azul is founded in 2011 and headquartered in Joinville, Santa Catarina, Brazil.
Conta Azul has raised $37M (disclosed rounds) in total (latest round: Buyout/LBO).
Get a read on where your own stack stands against Conta Azul and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.