CondoConta

What CondoConta does

CondoConta is a Brazilian BACEN-regulated digital bank (banking code 450) built exclusively for the condominium market, offering a fee-free core bank account for residential condos augmented by modular services including batch condominium quota (boleto/PIX) issuance, a guaranteed-revenue product (Receita Garantida) that advances 100% of monthly quotas while assuming collection risk, and a condominium-specific financing product (Financiamento Condominial) for renovations and improvements on 12-60 month terms without guarantors. The platform is API-first and integrates with at least seven major Brazilian property management ERPs (Sami Sistemas, Sienge, OnlineCondo, Syndkos, Imobiliar, UnionData, Systemar, SIN) via REST APIs, CNAB file exchange, and VAN Bancária rails, enabling automated quota generation, payment processing, reconciliation, and DDA inside administrator workflows. An AI-powered collections agent named 'Alicia' operates inside the newer Receita Automática product to conduct automated delinquency negotiations in text modality.

The company targets two primary segments: síndicos (resident or professional condominium managers) and administradoras de condomínios (property management firms handling multiple buildings), with a third secondary segment of ERP vendors seeking embedded financial services. Revenue is generated through financing interest income, subscription-style fees on the Receita Garantida guaranteed-revenue service, transaction-based fees on payment processing and Conta Bancária Pro (administrator multi-account management with split de pagamento), and partner revenue-sharing within the administrator program. The core account is offered freemium-style with zero maintenance and transfer fees, monetizing through cross-sell of credit and collections products. Founded around 2020 in Florianópolis, Santa Catarina, the company has scaled to over 20,000 condominiums, 1,100+ administradoras, and 150,000+ residents across all 26 Brazilian states plus the Federal District, with R$540M in cumulative credit granted and R$3B in transactional volume, backed by R$194M in total funding including a R$72.3M Series A in November 2023 led by SYN Proptech.

Name

CondoConta

Legal name

CondoConta Finance SA

Website

https://condoconta.com.br

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

CondoConta is a Brazilian BACEN-regulated digital bank (code 450) purpose-built for residential condominiums, offering fee-free bank accounts, batch quota issuance, guaranteed-revenue collection, and renovation financing, integrated with major property management ERPs and serving over 20,000 condos and 1,100+ administradoras nationwide.

Ownership category

akta.pro rank

Product category

Condominium Banking Services

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industry

Condominium Association Management (BPAJAHAA)

Keywords

• Condominium banking services
• Property management finance
• Condo quota issuance
• Delinquency protection services
• Condominium renovation loans

Headquarters

HQ city

Santa Catarina

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Condominium Financing Interest: Interest income from condominium loans for renovations and improvements, with fixed installments over 12-60 months including taxes
2. Receita Garantida Service Fee: Fees from guaranteed revenue service where CondoConta advances 100% of monthly quotas to condominiums and assumes collection risk
3. Receita Automática: Integrated financial management service for administrators with automated collection, reconciliation, and collection management
4. Split de Pagamento: Revenue sharing from payment processing and account management for administrators using CondoConta Pro

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

CondoConta is a Brazilian digital bank exclusively for condominiums and property management companies (administradoras). It delivers a fee-free digital bank account, bulk electronic condo quota issuance with automated collection, a guaranteed revenue service that assumes default risk on unpaid quotas, and specialized renovation financing for condominium infrastructure. The platform integrates natively with major Brazilian property management ERPs via API, CNAB, and VAN Bancária to eliminate parallel financial operations.

Product overview

CondoConta operates as a digital banking platform exclusively for the Brazilian condominium market, combining a core bank account product with modular financial services. The architecture consists of a primary Conta Bancária (bank account) as the foundation, augmented by specialized modules including Cota Condominial (quota issuance), Receita Garantida/Receita Automática (delinquency protection with AI-powered collections), and Financiamento Condominial (property improvement financing). For administrators managing multiple condominiums, the Conta Bancária Pro enables portfolio-wide management. All products integrate with major Brazilian condominium ERP systems via API, CNAB, or VAN Bancária, enabling unified financial operations within existing management systems.

Differentiator

Problem solved

Functional benefit

Brands

• CondoConta Pro: Multi-account management solution for condominium administrators with features including quota emission for multiple condominiums, ERP integration, automated title remittance and compensation, and no tariff charges.
• Financiamento Condominial
• Receita Garantida
• Receita Automática
• Cota Condominial

Products and services

• Conta Bancária para Condomínios Fee-free digital bank account for condominium homeowner associations, enabling centralized receipt of monthly quotas, vendor payments, and reserve fund management with zero maintenance and transfer fees. Designed for síndicos and condo boards managing building finances.
• Cota Condominial Bulk electronic issuance of monthly condominium quotas (boletos) with pre-populated unit-level payer data, integrated directly with the condominium's ERP and bank account. Eliminates manual generation and distribution of monthly fee slips for síndicos and administradoras.
• Receita Garantida Guaranteed revenue service that assumes default risk on unpaid condominium quotas, transferring delinquency risk from the condominium to CondoConta in exchange for a service fee. Ensures predictable monthly cash inflows to the condo account.
• Financiamento Condominial Specialized credit line for condominium renovation, infrastructure upgrades, and major repair projects, with repayment terms structured around the condominium's monthly quota collection cycle. Tailored to buildings rather than individual borrowers.
• Conta Bancária Pro Multi-account digital banking solution designed for property management companies (administradoras), enabling centralized management of multiple condominium accounts under a single relationship with consolidated reporting.
• Receita Automática Evolution of the guaranteed revenue service, natively integrated into administrator ERP systems with full automation of quota collection, payment reconciliation, and financial forecasting. Includes the AI-powered collection agent 'Alicia' and a self-negotiation portal for residents to settle outstanding balances.

Quantifiable outcome

• R$540 million in credit granted to condominiums for renovations and improvements
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability2 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• Sami SistemascoreTechnology or IntegrationERP partner providing open banking solutions for the real estate market. Integrates with CondoConta to enable financial operations within the property management system.
• SiengecoreTechnology or IntegrationLeading ERP system for construction and property management in Brazil, integrated with CondoConta for seamless financial operations.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AppFolio: US-based property-management software for residential, multifamily, and community-association (HOA/condo) operators, with integrated online payments, owner portals, and bank-like reconciliation flows. Closest international analogue to CondoConta's condo-first banking workflow embedded in an ERP.
• Buildium: Property-management platform serving residential and community-association managers with integrated rent/HOA collection, ACH payments, and resident portals. Directly comparable to CondoConta's ERP-embedded payment and reconciliation layer.
• CINC Systems: AI-powered community-management platform for HOAs and condominiums in the US, with integrated payments, accounting, and resident communication. Closely mirrors CondoConta's combo of property-management software and embedded financial services.
• PayHOA: US-based HOA fee-collection and community-management platform purpose-built for homeowner associations, offering dues collection, accounting, and resident portals. A direct vertical analogue to CondoConta's condo-association banking model.

Broad incumbents

• Nubank: Brazil's largest digital bank with tens of millions of customers across checking, credit cards, and personal loans. Comparable as a Brazilian digital-bank competitor that could enter the condo vertical, though it does not currently specialize in condominium management.
• Banco Inter: Brazilian digital bank offering checking accounts, credit, and investments. Relevant as a broader Brazilian digital-banking incumbent that competes for the same SMB deposit and credit pool CondoConta serves via condominiums and administradoras.
• Itaú Unibanco: Largest private bank in Brazil with deep relationships in the condominium and administradora segments. Comparable as the incumbent that CondoConta is disrupting in condo-specific banking and that could also choose to respond with vertical product investment.

Regional players

• QuintoAndar: Brazilian proptech focused on residential rentals, providing digital leasing, rent guarantees, and property management. Operates in the same Brazilian real-estate vertical as CondoConta but serves a different sub-segment (landlords/tenants vs. condominium associations).
• Loft: Brazilian proptech using technology to buy, sell, and finance residential real estate. Operates in the broader Brazilian proptech ecosystem alongside CondoConta but addresses a different transaction lifecycle (purchase/sale vs. condo ongoing financial operations).

Others

• Pomelo: Latin American banking-as-a-service infrastructure provider enabling companies to embed financial products. Relevant as a potential enabler/competitor for embedded-finance banking models across LATAM, including the condo-vertical use case CondoConta targets in Brazil.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@condoconta
• LinkedInlinkedin.com/company/condoconta
• Instagraminstagram.com/condoconta

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds5 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CondoConta