← Embedded Finance Index 2026

Techfin ERP Finance - uma empresa TOTVS e Itaú

“Can an ERP vendor + a mega-bank JV out-distribute standalone fintechs by embedding credit and payments directly inside Brazilian mid-market ERP workflows?”

Founded2019
HQSão Paulo, Brazil
IndustryFintech / Lending
The story

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.

Last 12 months
2026
2026
Product timeline
2004
Supplier begins operations as a B2B credit-card administrator in Brazil· lending
2019
TOTVS Techfin created as a fintech arm of TOTVS· pivot
2020
TOTVS enters the shareholder base of Supplier· acquisition
2023
Itaú joins as strategic partner; closing approved to form JV· acquisition
2026
Rebrand as Techfin ERP Finance, unifying TOTVS Techfin + Supplier under one portfolio; announces Conta+ Techfin (integrated bank account/payments)· banking
Regulated entities
3
regulatory licences held by Techfin ERP Finance - uma empresa TOTVS e Itaú
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
8 layers disclosed in Techfin ERP Finance - uma empresa TOTVS e Itaú’s embedded-finance stack
Payments / PSP
Techfin Recebe+ (self-operated)Itaú Unibanco (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Payroll
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: none
17 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.