← State of Embedded Finance 2026

Frente Corretora

Can a Brazilian FX broker become the embedded cross-border-payments rail (PIX-in/out, white-label remittance) for global merchants and fintechs entering Brazil?

HQSão Paulo, Brazil
IndustryFintech / Cross-border payments
The story

Frente Corretora began as a small São Paulo currency-exchange house and reinvented itself as one of Brazil's leading FX fintechs, building the white-label 'Simple' eFX-as-a-Service platform and the 'Hub Integrado eFX' / 'Comm.pix' international PIX product for cross-border merchants. It positioned itself as B2B2C infrastructure for fintechs, banks, and global merchants entering Brazil. On 30 April 2026, the Brazilian Central Bank decreed extrajudicial liquidation, ending operations.

Last 12 months
2026-04
Product timeline
2019
Partnered with Nium for cross-border payouts to support international remittance product.· banking
2020
Public partnership with Ripple for FX/remittance technology.· banking
2026
Banco Central do Brasil decreed extrajudicial liquidation (Ato do Presidente nº 1.385, 30 April 2026); operations and digital channels suspended.· pivot
Regulated entities
Corretora de Câmbio (FX Broker)
Brazil (Banco Central do Brasil)
Frente Corretora de Câmbio S.A.
The stack
Payments / PSP
Frente Hub Integrado eFX (self-operated)Comm.pix / PIX Internacional (self-operated)
Banking / BaaS
Frente Corretora de Câmbio S.A. (in-house)
Lending
ACC – Adiantamento sobre Contratos de Câmbio (self-operated)ACE – Adiantamento de Contrato de Exportação (self-operated)Pré-pagamento de exportaçãoFINIMP – Financiamento de Importação
FX & payouts
NiumRippleMoneyGramTravelex
Crypto
Ripple
Accounting gap: none