Sem Parar
“Can Brazil's dominant toll-tag network become the financial OS for vehicle mobility, spanning credit, benefits, insurance, and fuel payments?”
Founded2000
HQSão Paulo, Brazil
IndustryFintech / Payments (Toll & Mobility)
The story
Sem Parar began in 2000 as Brazil's pioneer in automatic toll collection tags and evolved into a broader mobility payments platform under FleetCor/Corpay ownership. Since 2022, the company has systematically built out a regulated Brazilian fintech stack — first obtaining an SCD (direct credit society) license, then a full Payment Institution license in 2025 with R$2B capital. It now spans fuel cards, VR/VA benefits, vale-transporte, insurance, and vehicle financial services, positioning as a full mobility financial-services operator.
Last 12 months
Product timeline
2000
Founded as an automatic toll payment tag provider in Brazil· launch
2022
Received Central Bank authorization to create a Sociedade de Crédito Direto (SCD) with R$300M capital· lending
2024
Acquired fintech Zapay (vehicle debt resolution)· acquisition
2025
Acquired app Gringo (vehicle financial pendency resolution)· acquisition
2025
Received Banco Central license to operate as a Payment Institution (IP) with R$2.016B capital· banking
Acquisitions
Regulated entities
2
regulatory licences held by Sem Parar
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Sem Parar’s embedded-finance stack
Payments / PSP
Sem Parar Instituição de Pagamento (self-operated)
Banking / BaaS
in the full report
Lending
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.