“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?”
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.
Digio discloses Banco Digio (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Digio does not disclose a bank charter of its own; its banking services are provided through Banco Digio (in-house).
Digio processes payments through Banco Digio (in-house). Disclosed money-movement rails: Pix.
Digio's cards are issued through Banco Digio (in-house).
Digio's lending and capital products are provided by Banco Digio (in-house).
Digio connects to bank accounts through Open Finance Brasil (BCB-mandated, self-operated).
The Embedded Finance Index 2026 maps 6 layers in Digio's stack: Payments / PSP (Banco Digio (in-house)); Money movement (Pix); Banking / BaaS (Banco Digio (in-house)); Card issuing (Banco Digio (in-house)); Lending (Banco Digio (in-house), Empréstimo pessoal, Crédito do Trabalhador (payroll-linked credit) and Digio credit card revolving credit); Open banking (Open Finance Brasil (BCB-mandated, self-operated)).
Digio is founded in 2013 and headquartered in Barueri, São Paulo, Brazil.
Get a read on where your own stack stands against Digio 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.