Featbank Instituição De Pagamento
“Can a vertical payment institution own the full financial stack — accounts, cards, credit, insurance, FIDC — for Brazil's fuel supply chain?”
Founded2023
HQSão Paulo, SP, Brazil
IndustryFintech / Vertical Neobank (Fuel Ecosystem)
The story
Featbank is a 2023-founded vertical payment institution (IP) regulated by Brazil's central bank (BACEN), purpose-built for the fuel ecosystem — gas stations, fuel distributors, refineries and transporters. Rather than compete as a horizontal neobank, it bundles digital accounts (PF/PJ), collections, cards, an insurance brokerage, an asset/FIDC arm and (upcoming) payroll-deducted lending for the workers of that supply chain. Growth is early but visible: headcount is up +290% YoY to ~75 employees and LinkedIn followers grew nearly 20x in a year.
Product timeline
2023
Featbank founded in São Paulo as a vertical payment institution for the Brazilian fuel ecosystem (gas stations, distributors, refineries, transporters).· banking
2024
Launched integrated services: PF/PJ digital accounts, insurance brokerage, benefit and credit cards, payroll, collections (boletos), TED/DOC/PIX.· banking
2025
Announced upcoming lending products (private payroll-deducted credit and salary advance) via the Featbank app.· lending
Regulated entities
1
regulatory licence held by Featbank Instituição De Pagamento
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Featbank Instituição De Pagamento’s embedded-finance stack
Payments / PSP
Featbank (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Payroll
in the full report
Insurance
in the full report
Investing
in the full report
Accounting gap: significant
8 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.