Banco Daycoval

What Banco Daycoval does

Banco Daycoval S.A. is a privately held Brazilian commercial bank headquartered on Avenida Paulista in São Paulo, with over 50 years of operating history (founded 1968). It serves both retail individuals (Pessoa Física) and businesses (Pessoa Jurídica) through a horizontally segmented model spanning credit, investments, foreign exchange, insurance, asset management, brokerage, leasing, vehicle financing, fiduciary services, and credit cards. The bank operates through ten wholly-owned subsidiaries — Daycoval Asset, Câmbio, Cartões, Consignado, Corretora, Investe, Leasing, Seguros, Veículos, and Serviços Fiduciários — and distributes products via its Dayconnect internet banking platform, iOS and Android mobile applications, customer service centers, and WhatsApp-based assistant Dayane.

The bank monetizes primarily through credit intermediation on an expanded credit portfolio of R$74.5 billion (1T26), distribution of fixed income and investment fund products (Daycoval Investe platform), foreign exchange spreads, insurance commissions, asset management fees, leasing income, and card interchange. Technology infrastructure is anchored on Dayconnect internet banking, mobile apps with DayToken two-factor authentication and DayFace biometric recognition, and 256-bit encrypted data transmission. Customer acquisition is supported by a content-driven blog strategy and financial education channels across social media. As of 1T26, the bank held R$100.6 billion in total assets (FY2025 reference), R$10.2 billion in reference equity, and reported a 24.0% ROAE with a 31.2% efficiency ratio. FY2025 recurring net income was R$1.8 billion and 1T26 recurring net income was R$434.6 million, indicating consistent profitability at scale.

Name

Banco Daycoval

Legal name

Banco Daycoval S.A.

Website

https://daycoval.com.br

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Banco Daycoval is a privately held Brazilian commercial bank serving retail and corporate clients through ten subsidiaries, offering credit, investments, foreign exchange, cards, insurance, asset management, leasing, and vehicle financing, with R$100.6 billion in total assets.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Consumer & Retail (CPG, Food, Apparel) (FSABACAM), Wealth Lending & Credit Solutions (Lombard/Margin, Mortgages, Structured Credit) (FSAAABAG)

Keywords

• Commercial banking services
• Corporate credit lending
• Payroll deductible loans
• Investment fund distribution
• Foreign exchange services

Headquarters

HQ city

Brasil

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Credit Intermediation: Core lending operations including expanded credit portfolio (R$ 74.5 billion in 1T26) covering corporate credit, payroll loans (consignado), vehicle financing, and personal credit. Interest income from loan book represents primary revenue driver.
2. Investment Products Distribution: Distribution of fixed income products (CDBs, LCIs, LCAs), investment funds, Treasury Direct, and variable income products. Earns spreads, management fees, and distribution commissions.
3. Foreign Exchange Services: Currency exchange operations for individuals and businesses, international wire transfers, and trade finance. Revenue from bid-ask spreads on foreign exchange transactions.
4. Insurance Distribution: Partnership with insurance providers to distribute insurance products through the bank's customer base, earning commission revenue.
5. Asset Management: Daycoval Asset management subsidiary manages investment funds and serves institutional and retail investors. Revenue from management fees and performance fees.
6. Leasing Operations: Equipment and vehicle leasing services through Daycoval Leasing subsidiary, generating interest income and lease payments.
7. Card Services: Credit card operations including Black, Platinum/International, and Corporate card tiers. Revenue from interchange fees, annual fees, and interest on revolving balances.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Banco Daycoval is a privately held Brazilian commercial bank providing a full suite of financial products and services including consumer and corporate banking accounts (Pessoa Física and Pessoa Jurídica), corporate and retail credit, payroll-deductible loans (Empréstimo Consignado), vehicle financing, investment products (fixed income, variable income, funds via Daycoval Investe), foreign exchange, credit cards (Black, Platinum/International, Corporate, Consignado variants), insurance distribution, asset management, leasing, and fiduciary services. Operations are delivered through the proprietary Dayconnect internet banking platform, mobile applications, and a network of wholly-owned subsidiaries under the Daycoval Conglomerate, with a credit portfolio of R$74.5 billion and total assets of R$100.6 billion as of 2025-2026.

Product overview

Banco Daycoval is a Brazilian private financial institution offering a comprehensive suite of banking and financial products through a platform-plus-modules architecture. The core digital platform consists of Dayconnect (internet banking) and Daycoval Investe (investment platform), supplemented by specialized products including credit cards (Black, Platinum, International, Corporate, and Consignado variants), loan products (consignado payroll loans, digital business credit up to R$400,000, and enterprise credit), foreign exchange services, insurance, asset management funds, leasing, vehicle financing, and fiduciary services. The bank also offers a DayToken two-factor authentication system for security. The products serve both individual (Pessoa Física) and business (Pessoa Jurídica) segments through digital channels and traditional banking services.

Differentiator

Problem solved

Functional benefit

Brands

• Daycoval Asset: Asset management services.
• Daycoval Câmbio
• Daycoval Cartões
• Daycoval Consignado
• Daycoval Corretora
• Daycoval Investe
• Daycoval Leasing
• Daycoval Seguros
• Daycoval Veículos
• Daycoval Serviços Fiduciários

Products and services

• Dayconnect Internet Banking Proprietary digital banking platform (ecode.daycoval.com.br) providing 24/7 access to accounts, investments, credit, and banking services for both retail individuals and business customers, with DayToken mobile-based two-factor authentication required for secure login.
• Daycoval Investe Investment Platform Investment platform offering fixed income instruments (CDBs, LCI, LCA), variable income products (stocks, ETFs), real estate funds, and investment fund products for retail and institutional investors.
• Empréstimo Consignado (Payroll-Deductible Loans) Payroll-deductible loan product for INSS retirees, pensioners, and public servants with government-regulated preferential interest rates and automatic repayment via pension deduction, distributed through the Daycoval Consignado subsidiary.
• Crédito Empresarial (Business Credit / Conta Empresa) Business credit solutions for companies including working capital financing, trade finance, and enterprise account (Conta Empresa) services distributed through dedicated business banking channels.
• Crédito Digital PJ (Digital Business Loan) Fully online digital business loan for small and medium enterprises, offering credit up to R$400,000 with repayment terms up to 60 months, originated through the digital lending channel at emprestimodigital.daycoval.com.br.
• Câmbio (Foreign Exchange Services) Currency exchange services for individuals and businesses, including international travel currency, foreign exchange operations, international wire transfers, and trade finance, with revenue earned from bid-ask spreads on FX transactions.
• Comércio Exterior (International Trade Services) International trade services and solutions for Brazilian businesses engaged in import and export operations, supporting cross-border settlement, trade finance, and FX execution.
• Cartão Black (Black Credit Card) Premium credit card targeting high-net-worth clients, offering exclusive benefits and services, with dedicated customer service lines for capitals/regions (3003 5350) and other localities (0800 723 5350).
• Cartão Platinum / Internacional Credit Card Credit card with international acceptance and tiered benefits for mainstream retail consumers, with dedicated customer service lines (3004 5300 and 0800 721 5300).
• Cartão Corporate Credit Card Business credit card designed for corporate clients with expense management features, supported by a dedicated customer service line (4004 6808).
• Cartões Consignado / Benefício Credit Card Consignado credit card designed for INSS retirees and pensioners, with a payroll-deductible payment structure tied to automatic pension deductions.
• Conta Global (International Account) International bank account for worldwide use, enabling global banking services, international transfers, and currency exchange capabilities for clients requiring cross-border banking access.
• Daycoval Asset Management Asset management services offered through the Daycoval Asset subsidiary, including multi-market investment funds such as the Nova Economia fund (using CBios for barter operations between biofuel producers, agricultural input suppliers, and fuel distributors), serving institutional and retail investors with management and performance fees.
• Seguros (Insurance Distribution) Insurance products and services distributed through the Daycoval Seguros subsidiary via partnerships with insurance providers, earning commission revenue on policies sold through the bank's customer base.
• Leasing Services Equipment and vehicle leasing services offered through the Daycoval Leasing subsidiary, generating interest income and lease payment revenue streams.
• Veículos (Vehicle Financing) Vehicle financing services including auto loans and automotive-related financial solutions offered through the Daycoval Veículos subsidiary for individual and fleet buyers.
• Serviços Fiduciários (Fiduciary Services) Fiduciary services offered through the Daycoval Serviços Fiduciários subsidiary for corporate and institutional clients requiring structured fiduciary arrangements.

Quantifiable outcome

• ROAE of 24.0% in 1T26 demonstrating consistent return on equity
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered notable and minor.

• Iwá Asset ManagementnotableStrategic or Co-development Partner · 1 January 2024Daycoval partnered with Iwá Asset Management to launch the Nova Economia multi-market investment fund in 2024, designed to use Brazilian Decarbonization Credits (CBios) as currency for barter operations between biofuel producers, agricultural input suppliers, and fuel distributors. The fund acts as intermediary to give economic functionality to CBios and ensure market liquidity, targeting R$500 million in annual CBio transactions.
• BayerminorStrategic or Co-development PartnerBayer participated as a pilot operation partner in the Nova Economia fund alongside Iwá, Daycoval, the Japungu group, and a large fuel distributor. The pilot demonstrated CBio-based barter operations in the agricultural supply chain.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Banco Safra: Banco Safra is a private Brazilian commercial bank with a comparable mid-to-large footprint offering corporate banking, asset management, FX, and credit products. It mirrors Daycoval's positioning as a privately-held diversified financial institution focused on corporate and high-net-worth segments.
• Banco Votorantim: Banco Votorantim is a mid-sized private Brazilian bank serving corporate, SME, and consumer clients with credit, FX, and investment products. It is a close comparable to Banco Daycoval in scale, product breadth, and private-ownership structure.
• Banco Pine: Banco Pine is a publicly-traded Brazilian commercial bank focused on corporate banking and treasury services. It is comparable to Banco Daycoval in corporate-credit orientation and Brazilian-only footprint, though smaller in scale.
• Banco ABC Brasil: Banco ABC Brasil is a mid-sized private Brazilian bank specializing in corporate banking, FX, and treasury operations. It overlaps directly with Daycoval's Pessoa Jurídica and Câmbio franchises and serves a comparable client base.
• Banco Alfa: Banco Alfa is a Brazilian privately-held commercial bank offering corporate banking, asset management, and credit products through its holding Alfa Financeira. It is comparable in private-ownership structure, product mix, and mid-market positioning.
• Banco Pan: Banco Pan is a Brazilian mid-sized bank specializing in vehicle financing, payroll loans (consignado), and consumer credit — directly mirroring two of Banco Daycoval's core business lines and serving a similar retail customer profile.
• Banco Indusval: Banco Indusval (BIP) is a smaller Brazilian commercial bank focused on corporate banking and credit. It shares Daycoval's SME and corporate-credit orientation, though it operates at a smaller scale.

Broad incumbents

• BTG Pactual: BTG Pactual is Latin America's largest independent investment bank with growing retail and corporate banking operations. It overlaps with Daycoval's investment, asset management, and brokerage arms but operates at materially larger scale.
• Itaú Unibanco: Itaú Unibanco is Brazil's largest private bank, offering the full suite of banking, credit, asset management, insurance, and capital-markets products. It is the dominant incumbent competing against Banco Daycoval across virtually every product line.

Emerging players

• Banco Inter: Banco Inter is a Brazilian digital-first bank offering retail accounts, credit, investments, and FX through a mobile platform. It competes with Daycoval's Dayconnect digital channels for tech-savvy retail customers, though its corporate business is far smaller.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCLKMCviC-v9eUNmWZ3xSpfA
• Facebookfacebook.com/bancodaycoval
• LinkedInlinkedin.com/company/banco-daycoval
• Instagraminstagram.com/bancodaycoval

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries10 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A

Investments1 record

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

Frequently asked questions about Banco Daycoval