AmFi

What AmFi does

AmFi is a Brazilian fintech that operates an electronic investment platform authorized by CVM (Brazil's Securities Commission) under Resolution 88 to publicly offer tokenized private credit assets. Founded in March 2022 by Paulo David (CEO), João Pirola (CRO), and Artur Malabarba (CTPO), the founders previously built and exited Grafeno (sold to Vortx for R$500M) and Biva (sold to PagSeguro in 2017). The platform connects credit originators with retail, institutional, and global investors through blockchain-based tokenization of receivables, including credit card receivables, duplicatas, CCBs, and commercial notes. Headquartered in São Paulo's Itaim Bibi district with legal entity AmFi Plataforma Eletrônica de Investimento Ltda. (CNPJ 51.548.809/0001-93), the company has 11-50 employees.

The platform's product suite is organized into Unitokens (closed-end portfolios with shorter terms for new investors, minimum R$1,000) and Pools (structured credit products similar to funds with returns above CDI). Underlying technology includes tokenization infrastructure for fractional ownership of receivables, smart contracts for automated execution of investment agreements and compliance rules, and a back-office dashboard for fund managers featuring CNAB validation, automated reconciliation, and real-time portfolio monitoring. The platform reports R$5.84 billion in cumulative tokenized assets, 115+ originators, 3,330+ active investors, 393+ available opportunities, and 25+ institutional investors including Jump, DCG, Itaú, Hashdex, and Parfin, with 21% average profitability on the platform.

AmFi's business model combines transaction-based platform fees on the structuring, distribution, and operation of credit products (FIDCs, securitizations, tokenized assets) with technology and managed back-office services for fund managers and securitizadoras. Originator setup starts at USD 18,000 with a 3-week emission timeline and up to 40% cost reduction versus traditional vehicles, per company claims. Distribution combines self-service on app.amfi.finance, direct sales for originator onboarding, and dedicated institutional and global investor relations. The platform serves five customer segments: qualified individual investors, institutional investors (funds, family offices, allocators), credit originators, fund managers/gestores, and foreign investors seeking USD-denominated exposure to Brazilian private credit. Recent strategic moves include a flagship Rayls partnership targeting USD 1 billion in tokenized RWA by June 2027, Helix partnership linking Asian capital to Brazilian credit, production deployment on Rayls Public Chain Mainnet (April 2026), and international expansion to Southeast Asia (November 2025).

Name

AmFi

Legal name

AmFi Plataforma Eletronica de Investimento Ltda.

Website

https://amfi.finance

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

AmFi is a Brazilian fintech operating a CVM-authorized blockchain platform that tokenizes private credit assets (receivables, FIDCs, securitizations), connecting 115+ credit originators with 3,330+ retail, institutional, and global investors, with R$5.84 billion in cumulative tokenized volume.

Ownership category

akta.pro rank

Product category

Private Credit Tokenization Platform

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)

akta.pro secondary industry

Syndicated Crypto Loans & Credit Facilities (FSADAFAK)

Keywords

• Private credit tokenization
• Blockchain lending platform
• Tokenized fixed income
• Credit marketplace
• Securitization infrastructure

Headquarters

HQ city

Delaware

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Platform Transaction Fees: AmFi charges fees for structuring, distributing, and operating investment products (FIDCs, securitizations, tokenized assets) on the platform. The platform connects originators of credit with investors and earns fees for facilitating these transactions.
2. Technology/Back-Office Services (As a Service): Provides technology infrastructure, back-office, and administration services to fund managers and securitizadoras for managing their vehicles, including custody, financial movement, and regulatory obligations.

Pricing tiers

Distribution channels4 records

Marketing channels7 records

Core offering

AmFi operates a blockchain-based electronic investment platform authorized by CVM under Resolution 88 that tokenizes private credit assets (receivables, FIDCs, CRs, debentures) and connects credit originators with institutional, retail, and global investors. The platform provides end-to-end infrastructure for structuring, distributing, and operating tokenized credit products, plus back-office technology-as-a-service for fund managers and securitizadoras.

Product overview

AmFi operates as a comprehensive digital platform for tokenized private credit, combining traditional finance infrastructure with blockchain technology. The platform is organized into two main product lines: Unitokens (closed-end portfolio products with shorter terms for new investors) and Pools (structured credit products for longer-term investments). AmFi serves three primary customer segments through integrated services: Originators (accessing capital through FIDC and securitization structures), Managers/Gestores (fund and securitization management infrastructure), and Investors (institutional, retail, and global investors accessing tokenized credit products). The platform's core value proposition centers on 80% higher yields, real-time transparency, and 24/7 automated governance enabled by blockchain-based tokenization.

Differentiator

Problem solved

Functional benefit

Brands

• Unitokens: Closed portfolios with previously defined assets, guaranteed products with shorter terms, ideal for new investors.
• Pools
• Mercado AmFi

Products and services

• Unitokens Closed-end portfolio products with previously defined assets, guaranteed returns, and shorter terms. Designed as an introductory investment product for new investors exploring the AmFi platform.
• Pools Structured credit investment products similar to funds, with guaranteed returns and yields above the CDI benchmark. Designed for investors seeking longer-term products with higher yields.
• Originator Capital Raising (Captação de Recursos) Service enabling credit originators to structure private credit operations and access a diversified investor base through AmFi's platform at up to 40% lower cost than traditional vehicles. Emission timelines complete in up to 3 weeks for operations ranging from R$1M to R$500M.
• FIDCs e Securitizações Platform service for creating and distributing FIDC (Investment Funds in Credit Rights), CRs (Receivables Certificates), and Commercial Notes with fully digital infrastructure. Includes automated structuring, blockchain-based tokenization, integrated distribution, and CVM compliance.
• Tecnologia para Servicing (Fund Manager Infrastructure) Technology infrastructure for fund management including back-office dashboard, automated eligibility rules, CNAB validation and API integrations, automated reconciliation, real-time monitoring with alerts, and real-time reporting. Integrates with existing DTVM and administrator systems.
• Institutional Investor Platform Platform service for investment funds, independent managers, allocators, and family offices to access private credit asset allocation options including debentures, CRs, and FIDCs with security of registration and tokenization. Includes portfolio management and real-time performance reporting.
• Retail Investor Platform Digital fixed income platform enabling qualified individual investors to access private credit products starting from R$1,000 with real-time transparency, regulatory compliance (CVM and BACEN), and intuitive interface for investing, tracking, and redeeming.
• Global Investor Platform Platform service enabling foreign investors to access Brazilian private credit RWA with USD-denominated returns, regulatory compliance, digital custody, and integrated wallet functionality. Features 24x7 investment dashboard and cross-border compliance.

Quantifiable outcome

• 40% reduction in structuring costs compared to traditional vehicles
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Rayls (Production Deployment)coreTechnology or Integration · 30 April 2026AmFi listed as one of the production deployments with major financial institutions including XP Inc., Núclea, and Parfin on Rayls' Public Chain Mainnet launch. Rayls' platform features the Axyl consensus system with subsecond block times and instant finality.
• RaylsflagshipStrategic or Co-development Partner · 5 December 2025Strategic partnership to tokenize over $1 billion in real-world assets on Rayls' blockchain platform by June 2027. Collaboration aims to migrate AmFi's existing portfolio and issue new tokenized assets, with milestones including $100 million in TVT by mid-2026 and $1 billion by mid-2027. Rayls is a hybrid blockchain platform combining private permissioned chains with public permissionless chains for institutional financial use cases.
• NúcleacoreStrategic or Co-development PartnerPartnership to tokenize digital invoices (duplicatas) on the Núclea Chain blockchain. Won the Blocknews award for best tokenized duplicates case in 2025. Núclea is a Brazilian financial technology company specializing in credit registry and payment solutions.
• HelixcoreStrategic or Co-development PartnerStrategic partnership announced in October 2025 to link Asia to Brazil's private credit market. Partnership aims to open Latin America's private credit market to Asian investors through AmFi's tokenization platform. Covered by Reuters and TechInAsia.
• UP VendasminorStrategic or Co-development PartnerFirst tokenization of card receivables in Brazil. UP Vendas raised R$6 million through the AmFi platform for card receivable tokenization, pioneering the use case in the Brazilian market.
• XP Inc.coreTechnology or IntegrationXP Inc. listed as a production deployment partner on Rayls' Public Chain Mainnet, along with AmFi, Núclea, and Parfin. Major Brazilian fintech and brokerage platform.
• Pinheiro Neto AdvogadoscoreImplementation/ SI/ Consulting PartnerPinheiro Neto hosted the Rota AmFi São Paulo 2026 launch event at their auditorium. Major Brazilian law firm specializing in capital markets and regulatory matters. Partnership involves legal expertise for AmFi's securitization and tokenization operations.
• ABTokenminorStrategic or Co-development PartnerJoint e-book 'O Custo Invisível do Crédito' published with ABToken exploring efficiency in credit tokenization. ABToken is a Brazilian association focused on tokenization and blockchain in financial services.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Nuclea: Nuclea is a Brazilian financial infrastructure and credit registry company - AmFi's strategic partner for tokenizing digital invoices on the Nuclea Chain. Comparable as a peer in the tokenization of Brazilian credit instruments, particularly duplicate receivables.
• Parfin: Parfin provides institutional-grade blockchain infrastructure for digital assets and is a strategic partner committed to migrating $400M/month in stablecoin cross-border FX to the Rayls/AmFi network. Comparable as institutional digital-asset infrastructure counterparties for tokenized credit.
• Liqi: Liqi is a Brazilian tokenization platform offering enterprise blockchain solutions for financial assets. It directly competes with AmFi in tokenizing receivables and other credit instruments in Brazil, and is also listed as an investor in AmFi's portfolio company.
• Hashdex: Hashdex is a leading Brazilian crypto asset manager (also an AmFi institutional investor). It is comparable as a tokenized-asset product issuer and distributor targeting institutional and qualified retail investors in Brazil.
• Vortx: Vortx is a Brazilian securitization and asset-backed securities platform that acquired Grafeno (founded by AmFi's CEO) for R$500M. Comparable as direct competitor in FIDC and securitization structuring, with overlapping custody, fiduciary, and distribution infrastructure.

Broad incumbents

• XP Inc. XP Inc. is one of Brazil's largest brokerage and wealth management platforms and is a production deployment partner on Rayls' Public Chain alongside AmFi. Comparable as a broad incumbent entering tokenized private credit, with overlapping distribution and origination channels.
• BTG Pactual: BTG Pactual is Brazil's largest independent investment bank with growing digital-asset and tokenization initiatives (including a stablecoin project). Comparable as a broad incumbent with the capital markets reach to either compete with or partner on tokenized private credit at scale.
• B3 (Brasil, Bolsa, Balcão): B3 is Brazil's primary stock and securities exchange operator. Comparable as the dominant incumbent venue for listed financial instruments in Brazil, against whose regulated infrastructure AmFi positions as a complementary tokenized credit layer.
• Mercado Bitcoin: Mercado Bitcoin is Brazil's largest crypto exchange, offering tokenized products and an MB Income fixed-income product. Comparable as a broader incumbent offering tokenized credit products to retail and institutional investors in the same regulatory category.

Others

• Matera: Matera is a Brazilian fintech infrastructure provider and a co-investor in AmFi's portfolio company Vitrify. Comparable as adjacent-enabling infrastructure (banking APIs, integration) that supplies the rails for Brazilian fintechs including credit platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/amfifinance
• LinkedInlinkedin.com/company/amfifinance
• Instagraminstagram.com/amfifinance
• Xx.com/AmFifinance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors3 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 AmFi