alt.bank

What alt.bank does

alt.bank is a Brazilian B2B credit infrastructure platform headquartered in São Paulo, founded around 2018–2020. It enables enterprises and non-financial institutions to launch, operate, and scale white-label credit card programs in Brazil in as little as 30 days, absorbing the regulatory complexity (BIN sponsorship, KYC/PLD-FT compliance, anti-fraud, payment rails) that would otherwise require a financial institution license. The platform is validated by over 100,000 end-customers transacting through alt.bank's own card product, which the company operates as a live production laboratory for its technology stack.

The technical core is the GUARD credit engine, a proprietary machine-learning system built on gradient boosting models that ingests both traditional bureau data (Serasa, BoaVista) and alternative data (Quod, CAF) to produce risk scores, initial credit limits, and continuous limit adjustments via the CLIMB module. An integrated anti-fraud layer achieves a stated 0.01% fraud rate against a 0.43% market benchmark. The stack is delivered three ways: a 100% white-label application under the partner's brand, modular à la carte services (card issuance, accounts, payments, anti-fraud, KYC), and a standalone GUARD API for real-time credit decisioning. Pix and Pix Crédito are integrated as payment rails, with Pix Crédito positioned as a high-margin product reducing dependence on traditional card networks.

Revenue mechanics combine licensing/royalties on white-label deployments, managed-service fees for BIN sponsorship, recurring subscriptions for the GUARD API, and transaction fees on à la carte components. Pricing is quote-based for an enterprise field-sales motion. The company is venture-backed, with a $5.5 million Series A in May 2021 led by Union Square Ventures, and additional undisclosed financing from SquareOne Capital in 2019, 2022, and 2024. Leadership is headed by CEO and Founder Brad Liebmann, with a C-suite covering operations, technology, marketing, and credit. Technology is described as developed entirely in Brazil, and the addressable market is currently domestic Brazilian, with the API documented as globally distributable.

Name

alt.bank

Legal name

alt.bank

Website

https://altbank.ai

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

alt.bank is a São Paulo-based B2B credit infrastructure platform that enables enterprises to launch white-label prepaid and postpaid card programs in Brazil in 30 days, powered by its proprietary GUARD machine-learning credit engine and an integrated BIN sponsorship, anti-fraud, and Pix stack.

Ownership category

akta.pro rank

Product category

Credit Infrastructure Platform

NAICS

Credit Card Issuing (522210), Credit Intermediation and Related Activities (522)

SIC

Finance Services (6199), Personal Credit Institutions (6141)

akta.pro industry

PRIMARYFSAGALAE

Embedded Deposit Accounts & Digital Wallet Infrastructure

Financial & Insurance/Financial Technology (Fintech)/Embedded Finance & Banking-as-a-Service (BaaS)

SECONDARYFSABAFAF

Embedded/Platform Neobanks (Banking-as-a-Feature)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Digital/Challenger Banks (Neobanks)

SECONDARYBPAMAFAG

Buy Now, Pay Later (BNPL) Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

Keywords

• Credit infrastructure platform
• White label credit cards
• B2B credit technology
• Credit decision engine
• BIN sponsorship services

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. White Label Solutions: Complete white label credit card platform where companies launch their own branded cards using alt.bank's infrastructure. Revenue likely generated through setup fees and ongoing usage/transaction fees.
2. BIN Sponsorship: Pre and postpaid BIN sponsorship services providing Visa BIN sponsorship for card issuance, compliance, and scale. Core infrastructure service for card programs.
3. GUARD Credit Engine API: Credit decisioning engine offered as API for risk analysis, initial limits, and continuous credit management. Can be used as standalone or integrated with existing systems.
4. À la Carte Services: Modular technology components offered individually including accounts (escrow, collateral, settlement), card issuance, anti-fraud, KYC/PLD processes, payment methods, and multi-card management.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Alt.bank operates a turnkey B2B credit infrastructure platform that enables companies to launch branded prepaid and postpaid credit cards in Brazil within 30 days without being a financial institution. The platform combines Visa BIN sponsorship, a proprietary GUARD machine-learning credit engine, CLIMB limit management, integrated anti-fraud, KYC/PLD/FT compliance, white-label mobile applications, and Pix Crédito payment rails. Alt.bank validates the technology through a live laboratory serving over 100,000 real end-customers before offering it to enterprise B2B partners.

Product overview

Alt.bank offers a turnkey credit infrastructure platform with modular components enabling companies to launch, operate, or scale credit products in Brazil. The core platform combines White Label card issuance (both prepaid and postpaid), the GUARD proprietary credit engine for risk analysis and initial limits, CLIMB for continuous limit adjustment, an integrated Anti-Fraud System, KYC/PLD/FT compliance processes, and Pix Crédito as a high-margin financial product. The platform is tested with over 100,000 real users and uses AI/proprietary models alongside traditional and alternative credit bureau integrations (Serasa, BoaVista, Quod, CAF) and identity verification (Unico). Alt.bank also operates its own credit card product as a live laboratory to demonstrate platform efficiency before offering it to enterprise B2B clients.

Differentiator

Problem solved

Functional benefit

Brands

• GUARD: Brazil's most accurate credit engine - proprietary credit scoring and risk analysis technology with machine learning models trained on 100,000+ real customers.
• CLIMB

Products and services

• alt.bank White Label Credit Infrastructure Turnkey credit infrastructure platform enabling companies to launch branded prepaid and postpaid credit cards in 30 days without being a financial institution. Combines Visa BIN sponsorship, white-label app, GUARD credit engine, CLIMB limit management, anti-fraud, KYC/PLD/FT compliance, and Pix Crédito. For large enterprises and financial institutions in Brazil.
• GUARD Credit Engine Proprietary ML-driven credit decision engine using gradient boosting machines with continuous learning from 100,000+ real customers. Generates credit scores, risk analysis, and initial credit limit determinations using traditional bureau data plus alternative data. Can be deployed as standalone decision engine via API or integrated into existing credit operations. Claims 30% lower default rates than market average.
• BIN Sponsorship (Visa) Visa BIN sponsorship service for prepaid and postpaid card programs enabling companies to issue cards with full regulatory compliance without themselves being financial institutions. Includes accounts (escrow, collateral, settlement), card issuance, and physical/virtual card personalization.
• CLIMB Limit Management Credit limit management module providing continuous adjustment logic for credit line optimization. Focuses on customer activation and usage engagement to maximize limit utilization.
• Pix Crédito Credit product enabling instant Pix (Brazil instant payment system) payments with credit functionality. High-margin financial product that reduces dependence on traditional card networks.
• Anti-Fraud System Real-time transaction monitoring and anomaly detection system with intelligent validations integrated with Clearsale and Seon. Achieves 0.01% fraud rate versus 0.43% market average (M5).
• White Label Mobile Application 100% white-label mobile application with partner's visual identity customization, engagement engine, customer journey management, and full end-customer support infrastructure. Available for iOS and Android.

Quantifiable outcome

• 30% lower default rates than market average
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core.

• VisacoreTechnology or IntegrationBIN Sponsorship partner providing Visa BIN sponsorship for prepaid and postpaid card programs. Part of best-in-class infrastructure ecosystem.
• PismocoreTechnology or IntegrationTechnology infrastructure partner for core banking services including accounts (escrow, collateral, settlement) and card issuance.
• SerasacoreTechnology or IntegrationBrazilian credit bureau partner providing traditional credit data for GUARD credit engine analysis and risk assessment.
• ClearsalecoreTechnology or IntegrationAnti-fraud technology partner providing transactional anti-fraud system and intelligent validations for secure operations.
• BoaVistacoreTechnology or IntegrationCredit bureau partner providing traditional credit data integration for the GUARD credit engine's risk analysis capabilities.
• QuodcoreTechnology or IntegrationAlternative data and credit analysis partner contributing to GUARD engine's alternative data integration beyond traditional bureaus.
• UnicocoreTechnology or IntegrationIdentity and authentication technology partner integrated into KYC processes for regulatory compliance.
• CelcoincoreTechnology or IntegrationPayment infrastructure partner providing Pix and boleto payment method integrations for the credit platform.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Marqeta: US-listed card-issuing platform that provides API-first BIN sponsorship, processing, and credit infrastructure for fintechs and brands. Directly comparable as the global reference model for what alt.bank offers to enterprises in Brazil.
• Galileo Financial Technologies: SoFi-owned payments and card-issuing platform offering APIs for account opening, card issuance, fraud, and credit decisioning. Closely comparable end-to-end credit infrastructure play, with broader geographic reach.
• Pomelo: LatAm-focused card-as-a-service and banking-as-a-service platform originating in Argentina with strong presence across the region. Highly comparable business model and target customer (non-bank brands wanting to issue cards) within similar geographies.
• Dock: Brazilian fintech infrastructure provider (formerly Conductor) offering card issuance, processing, and digital account solutions to banks and fintechs. The most direct Brazilian competitor in the same credit infrastructure category.
• Stripe Issuing: Developer-first card-issuing API from Stripe enabling platforms to create and manage virtual and physical cards. Comparable API-first, embedded approach to alt.bank's GUARD engine, though without alt.bank's proprietary credit decisioning focus.
• Caju: Brazilian employee benefits platform built on white-label prepaid card infrastructure with embedded credit and Pix rails. Comparable use of white-label card programs, BIN sponsorship, and Pix Crédito-style products for Brazilian enterprises.
• Synctera: US-based BaaS platform connecting fintechs with sponsor banks for card issuance, deposit accounts, and compliance. Comparable end-to-end embedded finance infrastructure play for non-bank brands wanting to launch card products.

Others

• Pismo: Core banking, card issuance, and payments processing platform (acquired by Visa) that provides alt.bank with escrow, settlement, and card infrastructure. Technology partner and ecosystem participant rather than direct competitor, but addresses overlapping capabilities.

Emerging players

• Pine Labs: India-based merchant and issuing platform offering card issuance, POS, and credit infrastructure to enterprises. Comparable B2B embedded finance model, though focused on Asia and physical retail rather than Brazilian digital credit.

Broad incumbents

• Nubank: Largest Brazilian neobank offering credit cards, personal loans, and accounts directly to consumers. Not a direct infrastructure competitor but a major potential enterprise client or strategic acquirer of alt.bank-style capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/altbankbr

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds4 records

Investors4 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 alt.bank