Digio
“Can a Bradesco-owned digital bank win by becoming the embedded banking rail behind large Brazilian consumer platforms (Uber) instead of competing head-on with Nubank?”
Founded2013
HQBarueri, São Paulo, Brazil
Latest roundAcquired/Merged (Operating Subsidiary of Bradesco)
IndustryFintech / Neobank
The story
Digio began in 2013 as a Bradesco / Banco do Brasil joint venture and pivoted to a mobile-first credit card in 2016, then to a full digital account with Pix, marketplace and rewards. After Bradesco bought out BB's stake in 2021, Digio became Bradesco's digital-native subsidiary and has since moved toward embedded finance — most visibly powering the Uber Conta for Uber drivers and couriers in Brazil.
Product timeline
2013
Digio founded as a joint venture between Bradesco and Banco do Brasil.· banking
2016
Launched Digio credit card, its first product, managed entirely via mobile app.· card
2019
Launched Digio Conta, a fully digital account with Pix, DigioLoja and DigioClub (Livelo partnership).· banking
2021
Bradesco acquired 100% of Digio, making it a wholly-owned subsidiary.· acquisition
2023
Launched Uber Conta — a co-branded account for Uber driver-partners in Brazil, operated by Digio.· banking
Regulated entities
1
regulatory licence held by Digio
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Digio’s embedded-finance stack
Payments / PSP
Banco Digio (in-house)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
Accounting gap: none
9 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.