Sicredi

What Sicredi does

Sicredi (legally Confederação Sicredi, CNPJ 03.795.072/0001-60) is a Brazilian cooperative financial institution headquartered in Porto Alegre, Rio Grande do Sul, and the first cooperative financial institution established in Brazil, with origins traced to 1902 (over 120 years of operation). It operates as a member-owned apex confederation coordinating nearly 100 individual credit cooperatives, five regional Centrais (PR/SP/RJ, Brasil Central, Nordeste, Sul/Sudeste, Centro Norte), the centralized banking arm Banco Cooperativo Sicredi, Sicredi Asset Management, Fundação Sicredi, and Corretora de Seguros Sicredi Ltda.

The institution serves more than 10 million associates (associados) across every Brazilian state through more than 3,000 physical branches, the Sicredi Mobi mobile application (rated 4.9/5 in app stores), an Open Finance-integrated web platform, a developer API portal, WhatsApp customer service (with Libras sign-language support), and toll-free phone channels. Its product portfolio spans 300+ offerings across core banking (Conta Corrente, Cartões, Pix, Crédito), insurance (life, auto, residential, business, agribusiness, pet health, solar panel), investments managed by Sicredi Asset Management, savings, pension (Previdência), consortiums (including sustainable/solar options), foreign exchange, digital certificates, and specialized modules such as Plano Safra rural credit, Máquina de Cartões acquiring, Organizador PJ, Soluções para Condomínios, and Soluções de RH.

Revenue is generated across multiple streams: subscription/recurring fees from accounts and asset management, usage-based interest income from personal/business/agribusiness credit (including subsidized Plano Safra rural credit), transaction-based commissions from insurance brokerage and consortium sales, and payment processing/PIX fees. The company has invested in AI-driven credit risk management with Teradata (recognized with the 2025 Teradata AI Innovation Award) and in tax automation via All Tax Platform to comply with Brazil's new Cosif regulations. It pursues aggressive member acquisition through community-led events, agricultural fairs, financial education programs (Cooperação na Ponta do Lápis, Turma da Mônica partnership), and continued geographic expansion in underserved Northeast regions.

Name

Sicredi

Legal name

Confederação Sicredi

Website

https://sicredi.com.br

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sicredi is Brazil's largest member-owned cooperative financial institution, serving more than 10 million associates across all Brazilian states via ~100 cooperatives, 3,000+ branches, and a digital banking platform offering 300+ banking, credit, insurance, and investment products.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (522130)

SIC

Commercial Banks, Nec (6029)

akta.pro primary industry

Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL)

akta.pro secondary industries

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Cooperative banking services
• Rural credit lending
• Agricultural insurance
• Member-owned finance
• Payment processing solutions

Headquarters

HQ city

Porto Alegre

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Checking Accounts and Banking Services: Recurring revenue from current accounts (Pessoa Física and Pessoa Jurídica), salary portability, and basic banking fees.
2. Lending and Credit Interest: Interest income from personal, business, and agribusiness credit lines, including rural credit under the Plano Safra program. Source: Credit product page for individuals, companies, and agribusiness.
3. Insurance Distribution and Brokerage: Commission-based revenue from distributing life, residential, auto, business, agribusiness, and pet health insurance through Corretora de Seguros Sicredi Ltda. Products intermediated through partners (e.g., Petlove for pet health).
4. Investment Management and Asset Management: Revenue from Sicredi Asset Management, investment products (CDBs, Tesouro Direto, fixed-income funds), savings accounts, pension funds (Previdência), and personalized investment portfolios.
5. Consortium (Consórcio) Sales: Revenue from consortium plans for individuals, companies, and sustainable solutions (e.g., solar energy), with monthly draws and lance-based early contemplation.
6. Payment Processing and PIX Transactions: Revenue from card acquiring (Máquina de Cartões / Woop Sicredi), PIX transactions for individuals and businesses, and foreign exchange / trade services (Câmbio e Comércio Exterior).
7. Digital Certificate Sales: One-time and recurring revenue from digital certificates (Certificado Digital) for individuals and businesses.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels10 records

Core offering

Sicredi is Brazil's first cooperative financial institution, providing a comprehensive suite of banking, credit, insurance, investment, and payment products and services through nearly 100 member-owned cooperatives and 3,000+ physical branches across all Brazilian states. Its portfolio covers personal and business checking accounts, credit/lending (including subsidized Plano Safra rural credit), Visa cards, PIX instant payments, consortiums, private pensions, foreign exchange, digital certificates, and insurance brokerage. Members (associados) are simultaneously customers and owners, receiving locally reinvested returns through the cooperative governance model.

Product overview

Sicredi is Brazil's first cooperative financial institution, offering a comprehensive suite of financial products and services through a unified platform-plus-modules architecture serving more than 10 million members. The core platform is the Sicredi Mobi mobile banking application (rated 4.9/5 in app stores) and internet banking, which integrate with a broad portfolio of products: Conta Corrente (checking accounts), Cartões (Visa-branded cards), Pix (instant payments), Crédito (loans/financing), Seguros (insurance), Investimentos managed by Sicredi Asset Management, Poupança, Previdência (pension plans), Consórcios, Câmbio (FX), and Certificado Digital. Add-on modules include the newly launched Programa de Fidelidade Juntos loyalty program, Shopping do Sicredi (points redemption marketplace), Plano de Saúde Pet (a pet health plan integrated with Petlove's platform), Financiamento Energia Solar with the related Consórcio Sustentável and Seguro Placa Solar, Plano Safra (agricultural credit), Máquina de Cartões (card terminal), and specialized tools like Organizador PJ, Soluções para Condomínios, and Soluções de RH. The institution also participates in Brazil's Open Finance ecosystem and operates a Portal do Desenvolvedor (developer portal) with APIs for partner integrations, including a recognized AI-driven credit risk management system that earned Sicredi a 2025 Teradata AI Innovation Award.

Differentiator

Problem solved

Functional benefit

Brands

• Sicredi Asset Management: Asset management business operating under the Sicredi umbrella
• Fundação Sicredi
• Sicredi Mobi (mobile banking)
• Woop Sicredi

Products and services

• Conta Corrente (Checking Account) Flagship checking account offering available for individuals (Pessoa Física) and businesses (Pessoa Jurídica), with access via mobile app, internet banking, and 3,000+ physical branches across Brazil.
• Cartões (Cards) Personal and business credit/debit card products, including the Visa-branded Cartão Sicredi with integrated loyalty stamps (selos) redeemable for rewards, prizes, and Adidas/FIFA co-branded items.
• Pix Brazilian instant payment service (Pix) available for both individuals (Pix) and businesses (Pix PJ), enabling real-time transfers 24/7 directly from Sicredi accounts.
• Crédito (Credit and Financing) Comprehensive credit offerings spanning personal loans, business financing, agricultural credit, and special lines such as Plano Safra, cheque especial, and solar energy financing.
• Seguros (Insurance) Insurance portfolio covering life, auto, residential, business, agricultural, pet health, and solar panel insurance, distributed via Corretora de Seguros Sicredi Ltda with monthly prize drawings up to R$100,000.
• Investimentos (Investments) Investment offerings managed by Sicredi Asset Management, including CDBs, Tesouro Direto, Fixed Income Funds, and personalized portfolios aligned to investor profile.
• Poupança (Savings) Traditional savings account product offered alongside investment options, recommended as a starting point for building a financial reserve.
• Previdência (Private Pension) Private pension plans (Previdência Privada) for long-term financial planning, with options for individuals (Previdência) and businesses (Previdência Empresarial).
• Consórcios (Consortiums) Consortium plans enabling members to acquire vehicles, real estate, services, or sustainable assets (including solar panels) through installment-based group purchasing with monthly draws and bidding options.
• Câmbio e Comércio Exterior (FX and Trade) Foreign exchange and international trade services offered to individuals and businesses.
• Certificado Digital (Digital Certificate) Digital certificates for individuals and businesses for electronic document signing and online authentication (NF-e, e-CNPJ, e-CPF).
• Sicredi Mobi (Mobile Banking App) Mobile banking application rated 4.9/5 on Google Play and App Store, featuring expense tracking, bill payments, peer-to-peer PIX transfers, card limit management, investment monitoring, and Home Broker trading.
• Plano Safra (Agricultural Credit Plan) Agricultural credit plan aligned with Brazil's Plano Safra government program, offering subsidized rural credit lines for agribusiness producers, including investments in technology, equipment, and rural infrastructure.
• Financiamento Energia Solar (Solar Energy Financing) Dedicated solar energy financing line that funds photovoltaic system installation projects (panels, inverters, mounting systems) with terms up to 120 months, accessible rates, and funds credited directly to suppliers.
• Plano de Saúde Pet (Pet Health Insurance) Pet health insurance plan offered through partnership with Petlove, covering veterinary consultations, exams, vaccines, surgeries, and emergency care for dogs and cats, with exclusive conditions for Sicredi members (30% off first month, zero waiting period for general consultations/vaccines).
• Máquina de Cartões (Card Payment Terminal) Sicredi's card payment terminal (maquininha Woop Sicredi) for merchants and businesses, supporting credit and debit card transactions.
• Consórcio Sustentável (Sustainable Consortium) Sustainable consortium plan covering installation of solar panels and LED lighting conversions with accessible installments, no interest, and terms up to 120 months.
• Seguro Placa Solar (Solar Panel Insurance) Solar panel insurance providing comprehensive protection and security for residential and commercial photovoltaic equipment investments.
• Sicredi Asset Management Sicredi's asset management division providing investment fund products, wealth management, and investment advisory services for Sicredi members.
• Open Finance Sicredi Sicredi's participation in Brazil's Open Finance ecosystem (regulated by Banco Central do Brasil), enabling members to securely share financial data and initiate payments across authorized financial institutions via standardized APIs.
• Home Broker do Sicredi Mobile trading platform for diversifying investments through the Sicredi app, enabling members to trade securities directly.
• Programa de Fidelidade Juntos (Loyalty Program) Sicredi's newly launched loyalty program that allows associates to accumulate seals through card usage and exchange them for items (including Adidas/FIFA branded products) and prizes (including R$10,000 in promotions).
• Portal do Desenvolvedor (Developer Portal / APIs) Public developer portal exposing APIs for partner integrations, supporting Open Finance interoperability and financial service automation for third-party developers and partners.
• Conta Corrente Empresarial (Business Checking) Business checking account product targeted at companies and organizations, with access to corporate banking features and integrated PIX for businesses (Pix PJ).
• Cartão Empresarial (Business Card) Business credit/debit card product targeted at companies and corporate clients, integrated with the Sicredi business banking suite.
• Soluções para Condomínios (Condominium Solutions) Financial solutions tailored for residential and commercial condominium management, including banking and management tools for condominium fee collection and administration.
• Soluções de RH (HR / Payroll Solutions) HR (Human Resources) financial solutions for businesses, including payroll-related products and salary portability offerings.

Quantifiable outcome

• 10+ million associates (membros) nationwide
• +6 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• Petlove (Petlove Saúde)coreStrategic or Co-development PartnerStrategic distribution partnership for pet health insurance plans. Sicredi associates receive exclusive benefits: 30% off the first monthly payment, 100% discount on the first monthly payment for new Sicredi associate contracts (valid until 30/06), and 2 free months on annual plans paid via PIX or boleto. Zero waiting period for general consultations and vaccines. Plans are intermediated by Corretora de Seguros Sicredi Ltda and serviced by Petlove's network (CNPJ: 20.001.161/0001-07).
• Maurício de Sousa Produções (Turma da Mônica)coreGTM or Marketing PartnerLong-running co-marketing partnership producing Turma da Mônica comics, YouTube livestreams, and educational content for children and families. Content is part of Sicredi's "Cooperação na Ponta do Lápis" financial education program and was featured during Semana ENEF 2021 with live streams reaching millions of viewers.
• TeradatacoreTechnology or IntegrationAnalytics and AI platform partner supporting Sicredi's AI-driven credit risk management deployment, which was recognized with the 2025 Teradata AI Innovation Award. The deployment runs alongside other award-winning deployments at VodafoneThree (fraud detection) and Ooredoo Qatar (customer engagement).
• All Tax PlatformmajorTechnology or IntegrationTax automation vendor supporting Sicredi's compliance with Brazil's new Cosif regulations during the 2025 transition, ensuring regulatory compliance and operational efficiency.
• Unimed MaceióminorGTM or Marketing PartnerCo-organizer of the Meia Maratona Coop 2025 in Maceió, which drew 3,000 runners across 6km, 12km, and 21km events plus a Corrida Kids. Joint EspaçoCoop booth promoted products and services of multiple cooperatives in Alagoas.
• Uniodonto MaceióminorGTM or Marketing PartnerCo-organizer of the Meia Maratona Coop 2025 alongside Sicredi Expansão and Unimed Maceió. Joint EspaçoCoop booth during the event.
• Sescoop/AL (Serviço de Aprendizagem do Cooperativismo de Alagoas)minorGTM or Marketing PartnerPartner in creating the EspaçoCoop area at the Meia Maratona Coop 2025, showcasing multiple cooperative organizations from Alagoas state.
• Mauricio de Sousa Produções (Co-branded comics for financial education)majorGTM or Marketing PartnerCo-branded Turma da Mônica comic series on financial education, distributed via Sicredi's "Educação na Ponta do Lápis" program for children and adolescents across Brazil.
• Visa (card network partner)majorOEM/ Whitelabel/ Licensing PartnerCard-issuing partnership enabling Sicredi Visa cards used in promotional campaigns (Copa do Mundo FIFA 2026, Adidas/FIFA stamp-collection promotion). Co-branded "Cartão Sicredi Visa" used for everyday spend and rewards.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Caixa Econômica Federal: Caixa is a major Brazilian federal bank with deep retail and housing-finance penetration and a national branch network that overlaps with Sicredi's physical distribution and inclusive banking positioning. Comparable on member-base scale and government-aligned role.
• Rabobank: Rabobank is a global Dutch cooperative bank with a deep Food & Agribusiness franchise. Comparable to Sicredi on cooperative DNA and agribusiness-lending specialization, though operating at much larger international scale.
• Itaú Unibanco: Itaú is Brazil's largest private bank, with national retail, business, agribusiness, asset management, and insurance operations that overlap with Sicredi's full product portfolio. Comparable on scale of customer base, product breadth, and digital banking investment.
• Desjardins Group: Desjardins is a major North American cooperative financial group (Canada/Québec) operating a federated caisse network of millions of members. Comparable to Sicredi on cooperative ownership, member governance, and broad retail/business financial services, though serving a different geography.
• Bradesco: Bradesco is one of Brazil's largest private-sector banks, offering the full retail, business, agribusiness, and insurance suite that competes with Sicredi across all member segments. Named alongside Sicredi in the Forests & Finance Coalition 2025 report.
• Banco do Brasil: Banco do Brasil is Brazil's largest government-linked bank, dominant in agribusiness lending, Plano Safra distribution, and retail banking. Overlaps heavily with Sicredi in agribusiness and rural credit; both were named in the Forests & Finance Coalition 2025 report on forest-risk lending.

Emerging players

• Nubank: Nubank is Brazil's largest neobank, serving tens of millions of customers with a digital-first checking, credit card, and lending model. Competes with Sicredi on member acquisition and primary-bank relationship, particularly for younger, urban members.

Direct peers

• Unicred: Unicred is a Brazilian cooperative financial institution focused on healthcare professionals and liberal professions, offering banking, credit, and investment products through a national branch network. Comparable to Sicredi in cooperative DNA and product breadth, though smaller and more segment-narrow.
• Sicoob: Sicoob is Brazil's other large cooperative financial system, operating a similar federated structure of credit cooperatives with millions of members, physical branches, and a comparable product suite (checking, credit, agribusiness, insurance). Sicoob is Sicredi's closest head-to-head competitor in Brazilian cooperative banking.
• Cresol: Cresol is a Brazilian cooperative financial system anchored in agricultural credit and smallholder rural producers, with national reach and a similar member-owned governance model. Directly comparable to Sicredi's agribusiness-heavy segment and Plano Safra distribution role.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/sicredi_oficial
• YouTubeyoutube.com/user/sicredioficial
• Facebookfacebook.com/Sicredi
• LinkedInlinkedin.com/company/sicredi
• Instagraminstagram.com/sicredi
• TikToktiktok.com/@sicredi

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

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 Sicredi