Sicoob Credicom
“Can a healthcare-vertical credit cooperative deliver bank-grade embedded finance to Brazilian medical professionals by leveraging the shared Sicoob system rails?”
Founded1992
HQBelo Horizonte, Minas Gerais, Brazil
IndustryBank / Cooperative
The story
Sicoob Credicom is a healthcare-vertical credit cooperative (singular) within Brazil's Sicoob system, founded in 1992 and headquartered in Belo Horizonte. It operates as a member-owned financial institution regulated by the Banco Central do Brasil and supervised by Sicoob Central Cecremge. Its embedded-finance footprint is largely inherited from the Sicoob system (Banco Cooperativo Sicoob S.A. as card issuer, Sipag as acquirer, and system-level partnerships such as HDI for embedded insurance) rather than built independently.
Product timeline
1992
Founded in Belo Horizonte as a cooperative financial institution for healthcare professionals, students, and entrepreneurs.· banking
2026
Sicoob and HDI Group announce embedded insurance partnership (Seguro Auto Financiado) integrating protection into vehicle financing.· insurance
Regulated entities
1
regulatory licence held by Sicoob Credicom
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
9 layers disclosed in Sicoob Credicom’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Insurance
in the full report
Sponsor bank
in the full report
Investing
in the full report
Accounting gap: none
22 more providers across 8 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.