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Efí Bank

“Can a Brazilian developer-first payment institution scale from boleto/Pix API infrastructure into a full digital business bank without ever needing a full banking charter?”

Founded2007
HQOuro Preto, Minas Gerais, Brazil (offices in São Paulo, Recife)
IndustryFintech / SMB banking
The story

Founded 2007 as Gerencianet, a boleto/receivables management provider for Brazilian SMBs. Rebranded to Efí Bank around 2022 after becoming a licensed Brazilian Payment Institution (IP) with BACEN bank code 364, direct Pix participation, and Open Finance ITP certification. Evolved from a niche billing tool into a full-stack digital bank with digital accounts, Visa PJ card, Pix APIs, and a developer-first payments platform (Efí Pay). Currently building out AI-driven credit underwriting via a UFOP university partnership.

Last 12 months
2025-09
Product timeline
2007
Founded as Gerencianet in Ouro Preto, focused on billing/receivables management (boletos).· banking
2022
Became direct Pix participant and Open Finance certified Payment Initiator (ITP).· banking
2022
Rebranded from Gerencianet to Efí Bank, positioning as full digital bank for businesses.· pivot
2025
Launched AI-based credit analysis model in partnership with UFOP (Federal University of Ouro Preto).· lending
Regulated entities
3
regulatory licences held by Efí Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Efí Bank’s embedded-finance stack
Payments / PSP
Efí Pay (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Efí Bank — frequently asked

What bank does Efí Bank use?

Efí Bank discloses Efí S.A. – Instituição de Pagamento (in-house) as its banking provider, according to the Embedded Finance Index 2026.

Is Efí Bank a bank?

Efí Bank does not disclose a bank charter of its own; its banking services are provided through Efí S.A. – Instituição de Pagamento (in-house).

Who is Efí Bank's payment processor?

Efí Bank processes payments through Efí Pay (self-operated). Disclosed money-movement rails: Pix.

Which card network does Efí Bank use?

Efí Bank's cards run on Visa.

Who provides Efí Bank's lending?

Efí Bank's lending and capital products are provided by Efí Bank Antecipação de Recebíveis (in-house).

Which open banking provider does Efí Bank use?

Efí Bank connects to bank accounts through Efí Bank ITP (in-house).

Which accounting software does Efí Bank integrate with?

Efí Bank integrates with e-commerce plugins and 12 SDKs.

What is Efí Bank's embedded finance stack?

The Embedded Finance Index 2026 maps 7 layers in Efí Bank's stack: Payments / PSP (Efí Pay (self-operated)); Money movement (Pix); Banking / BaaS (Efí S.A. – Instituição de Pagamento (in-house)); Card network (Visa); Lending (Efí Bank Antecipação de Recebíveis (in-house) and Antecipação de Recebíveis); Open banking (Efí Bank ITP (in-house)); Accounting (e-commerce plugins and 12 SDKs).

Where is Efí Bank headquartered?

Efí Bank is founded in 2007 and headquartered in Ouro Preto, Minas Gerais, Brazil (offices in São Paulo, Recife).

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