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CWI Software

“Can a 35-year-old Brazilian software engineering firm become the go-to strategic partner for building embedded finance rails behind Brazil's banks and retailers?”

Founded1991
HQPorto Alegre, Rio Grande do Sul, Brazil
IndustryIT Services / Software Engineering
The story

CWI is a Brazilian custom software engineering firm (not a fintech or embedded finance provider itself). Founded in 1991 in Porto Alegre, it has evolved into one of Brazil's larger IT services companies (~1,600 employees) delivering strategic software engineering to financial institutions, retail, healthcare, education, and technology clients. Its financial-services vertical builds embedded finance products FOR clients — BaaS platforms for UzziPay/Grupo Rovema, card settlement systems for Banco BV, credit rails, Pix integrations, cards, and insurance software — but CWI itself does not hold licenses or operate financial products.

Last 12 months
2026
2026
Product timeline
1991
CWI founded by three partners as a custom software development company in a garage in Porto Alegre· founding
1996
Launched outsourcing services; first client Companhia Real de Distribuição (now Grupo Big)· expansion
1997
Opened São Paulo office· expansion
2002
Opened São Leopoldo office at Tecnosinos· expansion
2005
Obtained CMMI certification, started major projects· certification
2018
Started financial-services partnership with Banco BV (Card Settlement Bank services)· partnership
2019
Began partnership with Grupo Rovema on UzziPay BaaS product· partnership
2020
Reached 1,000 employees; launched hybrid work model and CWI Reset program· milestone
2026
35th anniversary with 1,600 employees; announced presence at Febraban Tech 2026· milestone
The stack
1 layer disclosed in CWI Software’s embedded-finance stack
Money movement
Pix
Accounting gap: none