Top FinTech startups in Brazil 2023

Brazil’s FinTech industry is growing at an impressive pace. It’s a vast market that presents many different opportunities for investment and development. However, investors need to sift through the noise to find the best FinTech startups in Brazil. Fortunately, Finnovating’s FinnTech Platform provides a comprehensive list of Brazil’s hottest FinTech startups that are looking for investment. Here are some of the top FinTech startups in Brazil in 2023.

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Fortunately, the question of how to find companies that are both in need of funding and are about to take off has been answered by Finnovating. Finnovating’s FinTech Platform lists the hottest startups in countries all over the world that are looking for investors. Read about some of these hot Brazil startups here: 

Top FinTech startups in Brazil in 2023

1. Fitbank: it provides open banking APIs for businesses. Its platform focuses on the management, reconciliation, monitoring, and settlement of payments.

• Company activities: Banking as a Service (BaaS), Escrow account, Cash & Treasury Management, Core Banking Platforms, Credit card, Debit cards, Payments and Cash-Back.
• Business model: B2B and B2B2C.

2. Bitshopp: it uses its blockchain and DLT solutions for accounts receivable and payment operations. Its platform streamlines online payments.

• Company activities: Cryptocurrencies & Tokens, Crypto Exchange and Customer Onboarding.
• Business model: B2C and B2B2C.

3. RisKnow: RisKnow is focused on simplifying residential mortgage credit underwriting and origination. By applying artificial intelligence and machine learning to their services, RisKnow is poised to change how data is used in real estate. 

• Company activities: Data, Analytics & Research, CRM, Backed loans,Credit Scoring Management, Behavioural analytics, Alternative Investment and Analytics.
• Business model: B2B.

4. Capital Empreendedor: This Brazil startup is a marketplace for underserved small and medium-sized enterprises to get credit. Essentially a credit product supermarket online, this financial services company uses its technology to match creditors with lenders and allows its users free access to compare and find the best interest rates. 

• Company activities: FinTech and Credit Lines.
• Business model: B2B.

5. Mellro: Mellro has created a new way of renting directly from the owner of a property, without all the fees, commissions, and hassles of renting through a property management company. 

• Company activities: Residential Real Estate and Financial Guarantee.
• Business model: B2C.

6. Mercatório: This company was created to help people with Precatorios, or payment requisitions from the conviction of government agencies and entities. The company provides liquidity to these individuals and facilitate the prospection of others who want to buy in. 

• Company activities: Alternative Investment and APIs & Data Aggregation.
• Business model: B2B and B2C.

7. Meu Câmbio: Created in 2014, Meu Câmbio has created an innovative platform that simplifies the international wire transfer and travel money market. 

• Company activities: Financial Products Distribution, Forex trading, Business Financial Management and Travel Insurance.
• Business model: B2B, B2C and B2B2C.

8. Bfix: Bfix is an online platform providing on-demand maintenance services for commercial facilities like retail networks, commercial spaces, offices, restaurants, and more. 

• Company activities: Maintenance services.
• Business model: B2B.

9. Code Money: This software solution simplifies payments, integrating buyers and seller needs while avoiding financial market red tape. 

• Company activities: eWallets and Payments.
• Business model: B2B2C.

10. Youse Seguros: An online insurance sales platform, Youse Seguros allows users to buy auto, life, or home insurance on their exchange. All products sold there are guaranteed by Caixa Seguradora. 

• Company activities: InsurTech.
• Business model: B2B.

11. SUTHUB: SUTHUB is an omni-channel digital insurance platform that empowers insurance institutions, assists, and value-added services to make their digital transformation as quick and seamless as possible. The platform features core system functionality as well as new Insurtech features for a quality digital customer experience that improves any customer channel. 

• Company activities: APIs & Data Aggregation, Customer engagement and Analytics.
• Business model: B2B2C.

12. Equals: This FinTech company specializes in sales management and reconciliation with debit cards, tickets, credit cards, and other online payment methods. 

• Company activities: Reconciliations, Account Reconciliation Software and Credit Insurance.
• Business model: B2B and B2C.

13. Predialize: A customer experience platform, Predialize specializes in the efficient management of post-construction work for developers all over Brazil. 

• Company activities: Compliance knowledge management, CRM, Customer engagement, Construction Management, Analytics and Commercial Real Estate.
• Business model: B2B and B2B2C.

14. Mutuus Seguros: Mutuus Seguros is an insurance broker entirely based online for entrepreneurs. Mutuus gives its users the ability to quote, hire, and manage corporate insurance policies all in one place. 

• Company activities: InsurTech, Commercial Insurance, Insurance Distribution & Management, Insurance Comparison portal and Cyber-Insurance.
• Business model: B2B.

15. Planium: This online platform connects health insurers to their clients and their distribution channels. 

• Company activities: Insurance Distribution & Management and Insurance Comparison portal.
• Business model: B2B and B2B2C.

16. urbit-city: A property broker and city planning platform, urbit-city has the most complete and necessary information available for real estate companies, FinTech companies, developers, franchises, urban planners, engineers, architects, and property owners. 

• Company activities: APIs & Data Aggregation, Urban Planning and Analytics.
• Business model: B2B.

17. Conexa Saúde: it is a digital health startup that provides an online platform connecting patients and doctors for remote consultations. The platform allows patients to schedule appointments with medical professionals, access medical records, and receive prescriptions online.

• Company activities: Telemedicine, Healthcare, and Healthtech.
• Business model: B2B and B2C.

18. Zapay: it is a payment solution that allows users to pay for purchases at participating merchants through their smartphones. The app uses QR code technology to enable secure, fast, and easy payments.

• Company activities: Mobile Payments, E-wallets, and Payments.
• Business model: B2B and B2C.

19. Nexoos: is an online lending platform that connects small and medium-sized businesses with investors. The platform offers a simple and efficient way for businesses to access credit, and for investors to earn attractive returns on their investments.

• Company activities: P2P Lending, Business Loans, and FinTech.
• Business model: B2B and B2C.

20. Ebanx: it is a payment processor that specializes in cross-border payments for Latin America. The company offers a range of payment options, including credit cards, local payment methods, and installments.

• Company activities: Cross-border Payments and FinTech.
• Business model: B2B and B2C.

21. QuintoAndar: is a real estate platform that simplifies the process of renting properties in Brazil. The platform offers a range of features, including virtual property visits, online lease signing, and renter insurance.

• Company activities: Real Estate, Proptech, and FinTech.
• Business model: B2B and B2C.

22. Nubank: digital bank that offers no-fee credit cards and other financial products.

• Company activities: Credit cards, personal loans, investment accounts, and a digital savings account.
• Business model: B2C.

23. Stone Pagamentos: payment processing and financial services for small and medium-sized businesses.

• Company activities: Payment processing, point-of-sale systems, online payments, and financing.
• Business model: B2B.

24. Creditas: online lender that offers secured loans using collateral such as real estate or vehicles.

• Company activities: Personal loans, auto loans, and home equity loans.
• Business model: B2C.

25. GuiaBolso: personal finance management platform that offers users insights into their spending habits and credit score.

• Company activities: Budget tracking, financial education, and loan recommendations.
• Business model: B2C.

26. Warren: digital investment platform that offers users personalized investment portfolios and financial advice.

• Company activities: Investment advice, portfolio management, and financial education.
• Business model: B2C.

27. Magnetis: online investment advisor that uses algorithms to create personalized investment portfolios for users.

• Company activities: Investment advice, portfolio management, and financial education.
• Business model: B2C.

28. Zoop: payment processing and financial services for businesses of all sizes, with a focus on FinTech startups and other digital businesses.

• Company activities: Payment processing, point-of-sale systems, and other financial services.
• Business model: B2B.

29. Bcredi: online lender that offers home equity loans to homeowners looking to access the equity in their properties.

• Company activities: Home equity loans.
• Business model: B2C.

30. Bxblue: online marketplace for personal loans.

• Company activities: Bxblue provides a platform for comparing and applying for personal loans from multiple lenders, with a focus on offering competitive rates and fast, digital approval processes.
• Business model: B2C.

31. Rebel: digital credit card and financial services.

• Company activities: Rebel offers a digital credit card with no annual fees, cashback rewards, and other features designed to appeal to younger consumers. The company also plans to expand into other financial services, including investments and insurance.
• Business model: B2C.

These are just a few examples of the many FinTech startups operating in Brazil today. Each company has its own unique approach to solving financial challenges and serving the needs of Brazilian consumers and businesses. As the FinTech industry continues to grow and evolve, we can expect to see even more innovative solutions emerging from this vibrant and dynamic market.

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Brazil’s FinTech industry in 2023

According to recent reports, Brazil’s FinTech market is expected to continue its growth trajectory in 2023. The country’s central bank has implemented regulatory measures to encourage FinTech innovation and investment in the industry, leading to increased competition and new opportunities for growth.

One of the key areas of growth in the Brazilian FinTech market is mobile payments. With the widespread adoption of smartphones and mobile banking apps, mobile payments have become increasingly popular among Brazilians, especially those who are unbanked or underbanked. As a result, many FinTech startups in Brazil are focusing on developing mobile payment solutions that are user-friendly and accessible.

Another area of growth is in the digital lending space. Brazilian FinTech startups are leveraging new technologies such as artificial intelligence and machine learning to develop more efficient and accurate credit scoring models, making it easier for consumers and businesses to access loans. This has led to a significant increase in the number of digital lending platforms and a decrease in traditional lending by banks.

Finally, the Brazilian government is actively promoting the adoption of FinTech solutions to promote financial inclusion and economic growth. In 2023, the Brazilian government is expected to launch a new program aimed at providing support to FinTech startups and expanding access to financial services for underbanked and unbanked communities.

In conclusion, Brazil’s FinTech scene is rapidly growing, and these 20 companies represent some of the most promising and innovative startups in the country. From payment processors and lending platforms to real estate and healthcare, there is no shortage of opportunities for investors looking to get involved in the Brazilian startup ecosystem.

How to find the top FinTech startups in Brazil to invest in or collaborate with 

 Many more people than ever before are finding it more valuable and fulfilling to go into business for themselves. They are forming new startup businesses in all sectors to see their dreams come true. 

To start any kind of business, let alone one that will catch the eye of investors and have room and the ability to grow, the founders have to scratch and claw and work to put their business in a place to succeed. With many technology markets opening up all over the world, Brazil boasts some of the most exciting technology-based new businesses in the world. Brazil has relatively business-friendly regulations, particularly for small businesses trying to get off the ground. This fertile environment has caught the eye of many investors trying to cash in on the boom rippling through Brazil in the technology industry and beyond. 

The extensive list above is only a selection of the viable candidates for investment and collaboration. Brazil is a large, fertile market in need of many new services in the FinTech space and many other industries. Find yourself a good match using Finnovating’s FinTech startup directory today.