← State of Embedded Finance 2026

Zippi

Can a PIX-native weekly credit limit become the default working capital solution for Brazil's 23 million micro-entrepreneurs?

HQPinheiros, São Paulo, SP, Brazil
FoundersAndré Bernardes (Founder & CEO), Ludmila Pontremolez (Co-Founder & Data Science), Bruno Lucas (Co-Founder & CFO)
Total raised~$70M+ (FIDC managed assets by end 2026)
Latest roundFIDC 3rd issuance, 2025/2026
IndustryFintech / Lending
The story

Zippi was founded to serve Brazil's 23 million micro-entrepreneurs with a BNPL/working-capital credit solution built natively on PIX. Rather than issuing traditional bank accounts or cards, Zippi operates as a banking correspondent for licensed Brazilian credit institutions, disbursing weekly revolving credit limits via PIX. The company monetizes credit risk through a dedicated FIDC structure backed by institutional investors including Itaú and Bradesco, now attracting international capital (Credit Saison). The platform uses automated decisioning (Taktile) to underwrite the largely informal micro-entrepreneur segment at scale.

Last 12 months
2026-Q1
Product timeline
2021
Zippi built its credit platform on top of PIX, Brazil's Central Bank instant payment scheme, to provide working capital credit to micro-entrepreneurs.· lending
2024
Zippi completed its first FIDC (Credit Rights Investment Fund) issuance of ~US$13.2M to fund its lending portfolio.· lending
2025
Zippi raised a second FIDC issuance of ~US$16M, bringing in institutional Brazilian investors.· lending
2026
Zippi closed its largest FIDC issuance at US$44M led by Credit Saison (first international investor), targeting US$70M in managed assets and US$2B in annual transactions.· lending
The stack
Lending
Working capital credit limit via PIXWeekly revolving credit for micro-entrepreneursSupplier payment financing (B2B BNPL for MEIs)
Sponsor bank
BMP Sociedade de Crédito Direto S.A. / UY3 Sociedade de Crédito Direto S.A. / Via Capital Sociedade de Crédito Direto S.A.
Accounting gap: none