Sicoob

What Sicoob does

Sicoob (Sistema de Cooperativas Financeiras do Brasil) is Brazil's largest cooperative financial system, operating as a three-tier network of 320 singular cooperatives, 14 central cooperatives, and a central cooperative bank (Banco Cooperativo Sicoob S.A.) headquartered in Brasília. The system serves over 10 million cooperados (members) across 2,503 municipalities, comprising 8 million individuals and 2 million legal entities including 600,000+ rural producers. Members are owners rather than customers, participating in democratic governance and sharing in financial results; in 2025, Sicoob distributed R$2.6 billion in Interest on Capital (up 48% YoY) and delivered R$49.8 billion in aggregate economic benefit to members.

The product portfolio spans the full retail and commercial banking suite: current and savings accounts, Mastercard/Visa/Cabal credit cards (Sicoobcard), personal and payroll-deducted loans (Crédito Pessoal, Consignado), mortgage and vehicle financing, government-backed agricultural credit (Pronaf, Pronamp, BNDES), insurance (auto, life, residential, rural), consorcios, and complementary pensions. The technology platform is anchored by the Super App Sicoob (18 billion transactions in 2025), internet banking, and Alice, an AI-powered conversational assistant available via WhatsApp and in-app chat. Distribution combines 4,756 physical service points, 6,000+ proprietary ATMs, a correspondent network in retail locations, and digital channels.

Revenue mechanics combine net interest spread on lending (personal, business, agricultural, vehicle, mortgage), transaction and account fees, insurance premiums, investment product commissions, and capital results that flow back to members. Total assets reached R$430.1 billion in 2025 (+19.6% YoY), with a financial result of R$11.3 billion. The go-to-market is community-led: members acquire peers through referrals (Indique e Ganhe yields up to R$300 in Coopera points), football sponsorships, and localized cooperative relationships, particularly in the 424 municipalities where Sicoob is the only financial institution present.

Name

Sicoob

Legal name

Banco Cooperativo Sicoob S.A.

Website

https://sicoob.com.br

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Sicoob is Brazil's largest cooperative financial system, operating 320 cooperatives and 4,756 service points serving over 10 million members with full banking, credit, insurance, and investment products across all 2,503 Brazilian municipalities.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Depository Credit Intermediation (5221), Credit Unions (522130), Savings Institutions and Other Depository Credit Intermediation (52218), Credit Unions (52213), Finance and Insurance (52)

SIC

Commercial Banks, Nec (6029), Savings Institutions, Not Federally Chartered (6036), Finance Services (6199)

akta.pro primary industry

Premium/Affluent Neobanks (FSABAFAE)

akta.pro secondary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• Cooperative banking services
• Agricultural credit lines
• Credit card services
• Consortium group purchasing
• Fixed income investments

Headquarters

HQ city

Brasília

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, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income from Credit Operations: Primary revenue stream from lending activities including personal credit, business credit, vehicle financing, mortgage lending, agricultural credit lines (Pronaf, Pronamp, BNDES programs), and working capital loans. Interest rates are structured to benefit members with more favorable terms than traditional banks.
2. Fee Income from Financial Services: Income from account maintenance fees, transaction fees, card fees, investment management, and consorcios administration fees. Services include bank transfers, bill payments, and foreign exchange operations.
3. Insurance Operations: Revenue from insurance products including auto, life, residential, rural insurance, and the embedded insurance product developed with Grupo HDI partners.
4. Investment Products and Wealth Management: Income from investment products including RDC (deposit certificates), funds, LCA (agricultural letters of credit), savings accounts, and home broker services.
5. Capital Results Distribution: In 2025, distributed R$2.6 billion in Interest on Capital (Juros ao Capital) to members, representing a 48% increase year-over-year. Financial result reached R$11.3 billion.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels5 records

Core offering

Sicoob is a Sistema de Cooperativas Financeiras do Brasil providing cooperative banking services to more than 10 million members through checking and savings accounts, credit cards, personal and payroll-deducted loans, vehicle and real estate financing, agricultural credit lines (BNDES, Pronaf, Pronamp), fixed-income investments, insurance, complementary pension plans, consortium group-purchase plans, foreign exchange, and Pix payments. Members are also co-owners of the institution and receive annual distribution of financial results (R$2.6 billion in Interest on Capital in 2025).

Product overview

Sicoob is a Sistema de Cooperativas Financeiras (System of Financial Cooperatives) operating as a single integrated cooperative banking platform with a complete portfolio of products and services for individuals (pessoa física), businesses (pessoa jurídica), and agribusiness. The core platform comprises Conta Corrente and Conta Poupança for everyday banking, Sicoobcard credit cards (Mastercard, Visa, Cabal, Coopcerto brands) for payments and rewards, and Crédito Pessoal and Crédito Consignado for lending. The offering extends through add-on modules including the embedded Seguro Auto Financiado (developed with Grupo HDI), Consórcio Sicoob group-purchase plans, Prevência Sicoob complementary pension plans, and the Coopera loyalty and marketplace program. Digital access is anchored by the App Sicoob super app (18 billion transactions in 2025) alongside specialized apps (App Sicoobcard, App Sicoob Mapas, App Sipag, App Coopcerto) and internet banking. Agribusiness-specific solutions include BNDES credit lines, PRONAMP, PRONAF, Rural Insurance (Seguro Rural), and the Custeio Antecipado pre-harvest credit product. The Sicoob Tag electronic toll tag and Clínicas Financeiras advisory service round out the complementary offerings.

Differentiator

Problem solved

Functional benefit

Brands

• Sicoobcard: Credit card brand offering Mastercard, Visa, and Cabal cards with Coopera loyalty program
• SicoobPay
• Coopera
• Sicoob Tag
• Instituto Sicoob
• Sicoob DTVM

Products and services

• Conta Corrente (Checking Account) Primary checking account for individual cooperados enabling money transfers, bill payments, product and service contracting, and access to the Sicoob super app for daily banking activities.
• Conta Poupança (Savings Account) Savings account allowing deposits to earn returns over time, available through the App Sicoob for existing cooperados.
• Sicoobcard (Credit Cards) Credit cards available in Mastercard, Visa, Cabal, and Coopcerto brands for individuals and businesses, offering up to 40 days interest-free, installment options, digital card generation, digital invoicing, and Coopera loyalty rewards.
• Crédito Pessoal (Personal Credit) Personal loan with competitive cooperative rates and no requirement to justify use of funds, available for fast digital contracting through the App Sicoob.
• Crédito Consignado (Payroll-Deducted Credit) Consigned credit product with reduced rates and fast approval, where installments are directly deducted from the borrower's payroll or benefit payment.
• Consórcio Sicoob (Group-Purchase Consortium) Group purchasing plans for real estate, automobiles, trucks, and services, allowing participants to acquire assets through shared fund contributions without paying interest.
• Previdência Sicoob (Complementary Pension) Complementary pension plans including multi-sponsored plans, VGBL plans, and multi-sponsored plans designed for long-term financial planning with cashback incentives.
• RDC (Recibo de Depósito Cooperativo) Fixed-income deposit receipt offering pre-fixed or post-fixed (CDI-linked) returns, providing practical low-risk investment options for cooperados.
• Seguro Auto Financiado (Embedded Auto Insurance) Embedded vehicle insurance integrated directly into the auto financing process, developed in partnership with Grupo HDI. Covers up to R$500,000 with terms of 12-36 months, including courtesy car, 24-hour assistance, towing, and glass coverage without prior inspection.
• Seguro Rural (Rural Insurance) Agricultural insurance protecting rural producers against losses from weather events, pests, and other risks affecting crops and livestock.
• Linhas BNDES / PRONAMP / PRONAF (Agricultural Credit Lines) Government-backed agricultural credit lines including BNDES programs, PRONAMP for medium producers (machines, equipment, and services), and PRONAF for family farmers, providing favorable financing terms for the agribusiness sector.
• App Sicoob (Super App) Super app providing access to accounts, transactions, Pix payments, credit, insurance, investments, and other financial services from a mobile device. Recorded 18 billion transactions in 2025.
• Coopera (Loyalty Program and Marketplace) Loyalty program and virtual marketplace where cooperados earn and redeem Coopera points, with Goleada de Ofertas flash sales campaigns activated during football match intervals.
• Sicoob Tag (Electronic Toll Tag) Electronic toll collection tag that enables automatic queue-free toll payment, debiting the user's Sicoob account.
• Câmbio e Comércio Exterior (Foreign Exchange and Trade Services) Foreign exchange and trade services supporting export, import, services, and tourism transactions for businesses and individuals.
• Conta PJ (Business Account) Business account with cooperative benefits for legal entity members including payments, transfers, working capital access, merchant services, and integrated banking solutions.
• Capital de Giro (Working Capital) Working capital credit line for businesses (Pessoa Jurídica) providing liquidity at the moment of operational need.
• App Sicoob Mapas (Agricultural Mapping) Mobile application that calculates the area of agricultural properties to support financing applications for the agribusiness segment.
• Clínicas Financeiras (Financial Advisory Service) Free individual online financial consulting sessions with Sicoob advisors, available through the Instituto Sicoob platform for financial education and guidance.
• Sipag (Merchant Acquiring / Payment Machine) Sipag merchant acquiring payment machine solutions tailored for all business types within the Sicoob ecosystem.
• Conta para Crianças e Adolescentes (Youth Account) Bank account for children and adolescents that parents can open via App Sicoob to introduce minors to cooperative banking.

Quantifiable outcome

• R$ 7,352 average economic advantage per member in 2025, up 29.3% year-over-year
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

One partnership is on record.

• Grupo HDIcoreStrategic or Co-development Partner · 1 June 2025Sicoob partnered with Grupo HDI to develop and launch 'Seguro Auto Financiado', an embedded insurance product that combines vehicle financing and insurance in a single operation. The product offers coverage up to R$500,000 for financed vehicles with terms of 12-36 months aligned to the financing contract, including car rental in case of claims, 24-hour assistance, tow truck coverage, and glass coverage without prior inspection requirements. This partnership represents a significant advancement in embedded insurance distribution through the cooperative financial system.

Scale indicators11 records

Recent moves2 records

Expansion highlights6 records

Emerging players

• Inter & Co: Inter is a Brazilian digital super-app bank offering accounts, credit, investments, insurance, and shopping. It overlaps with Sicoob's digital banking ambitions and competes for the same Brazilian consumer seeking low-cost, full-service digital financial services.
• Nubank: Nubank is Brazil's largest digital bank with 100M+ customers across Brazil, Mexico, and Colombia. It targets the same underbanked mass-market segment as Sicoob with no-fee accounts and digital-first credit products, representing a major competitive threat to cooperative banking differentiation.

Broad incumbents

• Banco do Brasil: Banco do Brasil is Brazil's largest state-controlled commercial bank with a massive nationwide branch network and dominant position in agribusiness lending. It is comparable to Sicoob as a major Brazilian financial institution serving rural producers and retail customers, but operates as a publicly traded incumbent.
• Itaú Unibanco: Itaú is Brazil's largest private commercial bank with a full-service retail and corporate banking franchise. Comparable to Sicoob in offering a complete product portfolio (accounts, credit, insurance, investments) to Brazilian consumers, but as a publicly traded incumbent with international operations.
• Bradesco: Bradesco is one of Brazil's largest private banks with a vast branch network and comprehensive financial services offering. It competes with Sicoob across retail, SME, and agribusiness segments, though as a publicly traded incumbent rather than a cooperative.
• Caixa Econômica Federal: Caixa is Brazil's largest state-owned bank focused on retail banking, mortgages, and social benefits distribution. Comparable to Sicoob in serving mass-market and underbanked Brazilian consumers, though as a federal institution rather than a cooperative.
• Banco Santander Brasil: Santander Brasil is a major private commercial bank offering retail, SME, and corporate banking. It is comparable to Sicoob in providing comprehensive financial services to Brazilian consumers and businesses, though as a subsidiary of a global banking group rather than a cooperative.

Direct peers

• Unicred: Unicred is a Brazilian cooperative credit institution serving healthcare and professional segments. It shares the cooperative ownership structure and member-focused banking model that defines Sicoob, though with a narrower professional membership base.
• Cresol: Cresol is a Brazilian credit cooperative system focused on small and rural producers, offering agricultural credit and banking services. It is comparable to Sicoob in serving agribusiness segments with cooperative ownership and government-backed credit lines.
• Sicredi: Sicredi is Brazil's other major cooperative financial system, with a similar multi-tier cooperative structure (singular, central, and confederation), nationwide branch network, and member-owned model. It is the most directly comparable peer to Sicoob, competing head-to-head in Brazilian cooperative banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/sicoob_oficial
• LinkedInlinkedin.com/company/sicooblojicredoficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 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 Sicoob