“Can an ERP vendor + a mega-bank JV out-distribute standalone fintechs by embedding credit and payments directly inside Brazilian mid-market ERP workflows?”
Techfin ERP Finance is the 2026 rebrand of the merged TOTVS Techfin + Supplier — a joint venture between TOTVS (Brazil's largest enterprise software company) and Itaú Unibanco (Latin America's largest private bank). The company embeds credit, receivables, and Pix-based payments directly into TOTVS ERPs, distributing financial services to the installed base of Brazilian SMBs and mid-market companies. The strategic pivot is going from a discrete supplier-finance product (Supplier since 2004) into a full ERP-native financial OS, with Conta+ Techfin marking a move into embedded accounts/payments alongside existing lending.
Techfin discloses Itaú Unibanco (in-house / JV partner) as its banking provider, with Itaú Unibanco S.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Techfin does not disclose a bank charter of its own; its banking services are provided through Itaú Unibanco S.A..
Techfin processes payments through Techfin Recebe+ (self-operated) and Itaú Unibanco (self-operated). Disclosed money-movement rails: Pix.
Techfin's cards are issued through Supplier Administradora de Cartões de Crédito S/A (in-house).
Techfin's lending and capital products are provided by TTSCD (in-house / SCD), Supplier Administradora de Cartões de Crédito (in-house) and Itaú Unibanco (JV partner).
Techfin's payroll is powered by TOTVS RH (in-house parent product).
Techfin integrates with TOTVS ERP (native — Protheus, RM, Datasul).
The Embedded Finance Index 2026 maps 8 layers in Techfin's stack: Payments / PSP (Techfin Recebe+ (self-operated) and Itaú Unibanco (self-operated)); Money movement (Pix); Banking / BaaS (Itaú Unibanco (in-house / JV partner)); Card issuing (Supplier Administradora de Cartões de Crédito S/A (in-house)); Lending (TTSCD (in-house / SCD), Supplier Administradora de Cartões de Crédito (in-house), Itaú Unibanco (JV partner), +Vendas (B2B credit-as-a-service for merchants to extend credit to their buyers) and 7 others); Payroll (TOTVS RH (in-house parent product)); Sponsor bank (Itaú Unibanco S.A.); Accounting (TOTVS ERP (native — Protheus, RM, Datasul)).
Techfin is founded in 2019 and headquartered in São Paulo, Brazil.
Get a read on where your own stack stands against Techfin and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.