Banco Votorantim

What Banco Votorantim does

Banco Votorantim, operating under the commercial brand Banco BV, is a privately held Brazilian diversified financial institution founded in 1988 and headquartered in São Paulo. The bank serves both individual consumers (Pessoa Física) and corporate clients (Pessoa Jurídica) through two legal entities — Banco Votorantim S.A. and Banco BV S.A. — operating from a single address under unified ownership. Its core business is vehicle financing (terms up to 60 months for light vehicles, 48 months for motorcycles), complemented by personal loans (both unsecured and secured by paid-off vehicle collateral), credit cards with up to 1.5% cashback, and a digital account (Conta BV) with integrated Tag BV Veloe toll/parking pass and BV shopping benefits.

The bank's technology stack centers on a digital-first banking platform: the App BV mobile application for iOS and Android, BV Open Finance APIs with a live developer sandbox, and Banking as a Service infrastructure enabling embedded finance partnerships. Insurance is distributed through BV Corretora de Seguros, a wholly-owned brokerage that distributes policies from twelve-plus partner underwriters (MAPFRE, Zurich, Tokio Marine, Porto Seguro, Sompo, HDI, Azul, Yelum, Aliro, Suhai, Darwin, Cardif, Icatu, MetLife, BB Seguros) without BV carrying underwriting risk. Usage-based auto insurance is delivered via a partnership with Darwin Seguros, which uses smartphone telematics to recalculate monthly premiums based on six driving behavior factors, offering up to 50% discounts for good drivers. Sub-brands include BV Corporate (business banking), BV Private (wealth management), BV Luxembourg (international corporate banking launched in 2024), BVx (innovation hub), and BV Sempre Compensa (sustainability program that has offset 6.5 million tons of CO2 from 2.8 million financed vehicles).

Revenue is generated across multiple streams: net interest income from vehicle and personal lending, insurance brokerage commissions (transaction-fee model), credit card interchange and cashback economics, corporate banking fees (working capital, FX, derivatives, cash management), investment product distribution via BV DTVM (asset management subsidiary), and capital markets intermediation (BV has helped facilitate $18.4 billion in funding across 146 companies over five years, including 30 acquisitions and 45 funding rounds, with a November 2025 R$600 million debenture for COPASA MG). Distribution runs through a hybrid model: direct-to-consumer digital channels (website, app, WhatsApp, phone), an extensive dealer partner network for vehicle financing, and dedicated relationship managers for BV Corporate enterprise clients. The bank holds ISO/IEC 27001, ISO/IEC 27701, ISO 22301, and CNF fraud prevention certifications.

Name

Banco Votorantim

Legal name

Banco Votorantim S.A.

Website

https://bv.com.br

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Banco Votorantim (Banco BV) is a privately held Brazilian diversified financial institution founded in 1988 that serves individual consumers and corporate clients through vehicle financing, personal loans, credit cards, insurance brokerage, and capital markets services, distributed via digital channels and an extensive dealer network across Brazil.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (522110), Sales Financing (522220), Nondepository Credit Intermediation (5222)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

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

Keywords

• Vehicle financing
• Retail banking
• Insurance brokerage
• Corporate banking
• Personal loans

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, Marketing or Sales, Infrastructure

Revenue model

1. Vehicle Financing: The bank generates revenue from interest charged on vehicle loans and financing, with payment terms up to 60 months. The vehicle serves as collateral until the contract is fully paid.
2. Personal Loans: Unsecured and secured personal loans (with vehicle as collateral) generating interest income over the loan term.
3. Insurance Distribution: BV Corretora de Seguros acts as an insurance broker distributing products from multiple insurers (MAPFRE, Zurich, Tokio Marine, Porto Seguro, etc.) and earns commissions on policies sold, including auto, personal, residential, and life insurance.
4. Credit Cards: Revenue from credit card transactions including interchange fees, cashback programs, and annual/subscription fees on premium cards. Cards offer up to 1.5% cashback on purchases.
5. Corporate Banking: Services for business customers including working capital loans, receivables discounting, foreign exchange operations, derivatives, cash management, and capital markets services.
6. Investment Products: Distribution of investment products including CDBs (up to 130% of CDI), funds, and other financial investments through BV DTVM.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Banco Votorantim (Banco BV) is a Brazilian full-service bank providing vehicle financing (up to 60-month terms), personal and corporate loans, a diversified insurance brokerage operation, credit cards, digital accounts, investments, and treasury services for both individual consumers and corporate clients. The bank distributes through digital channels, dealer partners, and an insurance broker (BV Corretora de Seguros), with international corporate banking through BV Luxembourg and Open Finance APIs via BV Open.

Product overview

Banco BV operates as a diversified Brazilian financial institution offering a comprehensive portfolio of banking, credit, insurance, and investment products under the BV brand. The product ecosystem spans retail and corporate segments through multiple sub-brands including BV Corporate (business banking), BV Private (wealth management), and BV Corretora de Seguros (insurance brokerage). Core offerings include vehicle financing (up to 60 months), solar energy financing, secured and unsecured personal loans, comprehensive auto insurance (offered through 12 partner insurers including MAPFRE, Zurich, Tokio Marine, Porto Seguro, Sompo, HDI, Azul, Yelum, Aliro, Suhai, and Darwin), financial protection insurance, residential and solar panel insurance, dental plans, and home assistance services. The bank provides digital account services with cashback programs, multiple credit card variants (Elo, Mastercard, Visa) with reward programs, electronic toll collection (Tag BV Veloe), and investment products. Corporate services include working capital financing, invoice discounting, agribusiness lending, governmental credit programs (BNDES/FGE), capital markets services, derivatives trading, cash management, foreign exchange, and international banking through BV Luxembourg. The institution operates a developer platform (BV Open) supporting Open Finance integrations and Banking as a Service capabilities, with mobile applications for retail and business customers.

Differentiator

Problem solved

Functional benefit

Brands

• BV Corporate: Corporate banking solutions for business clients including cash management, investments, and capital markets services.
• BV Private
• BV Luxembourg
• BVx
• BV Open
• BV Sempre Compensa
• BV Corretora de Seguros
• DTVM

Products and services

• Financiamento de Veículos (Vehicle Financing)

Quantifiable outcome

• Compensated 6.5 million tons of CO2 from 2.8 million financed vehicles through 2024
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature3 records

Partnerships

18 partnerships are on record, tiered core, standard and minor.

• MAPFREcoreChannel Partner/ Reseller/ DistributorMAPFRE is a key insurance partner of BV Corretora de Seguros, offering auto, casco, and mechanical warranty insurance products. Multiple insurance products are underwritten by MAPFRE Seguros Gerais S.A. (CNPJ 61.074.175/0001-38).
• ZurichcoreChannel Partner/ Reseller/ DistributorZurich Minas Brasil Seguros provides auto complete insurance coverage through BV's distribution network. Partnership offers comprehensive vehicle coverage including material damages, bodily injury, and moral damages.
• Tokio MarinecoreChannel Partner/ Reseller/ DistributorTokio Marine Seguradora S.A. partners with BV to offer auto complete insurance products with 24-hour assistance and specialized coverage options.
• Porto SegurocoreChannel Partner/ Reseller/ DistributorPorto Seguro Companhia de Seguros Gerais provides auto complete insurance through BV's network, offering comprehensive coverage and 24-hour assistance services.
• Darwin SeguroscoreTechnology or IntegrationDarwin Seguros provides the innovative Seguro Auto Darwin product - a usage-based insurance that uses mobile app technology to analyze driving behavior and calculate monthly premiums based on actual driving patterns, offering up to 50% discount for good drivers.
• Cardif (BNP Paribas Group)coreChannel Partner/ Reseller/ DistributorCardif do Brasil Vida e Previdência S.A. underwrites the Seguro Proteção Financeira (financial protection insurance) products covering death, accidental death, involuntary unemployment, and disability.
• Icatu SeguroscoreChannel Partner/ Reseller/ DistributorIcatu Seguros S/A provides life insurance, accidental death insurance, and the Renda Protegida Premiada product with capital prizes through capitalization titles.
• MetLifecoreChannel Partner/ Reseller/ DistributorMetLife provides dental plan products distributed through BV Corretora de Seguros, offering network access for dental care services.
• BB SeguroscoreChannel Partner/ Reseller/ DistributorBB Seguros provides the Seguro Placa Solar BV product, covering solar panel installations for residential customers.
• YelumstandardChannel Partner/ Reseller/ DistributorYLM Seguros S.A. (Yelum) provides auto complete insurance coverage through BV's distribution network.
• SompostandardChannel Partner/ Reseller/ DistributorSompo Consumer Seguradora S.A. provides auto complete insurance products for BV customers.
• HDI SegurosstandardChannel Partner/ Reseller/ DistributorHDI Seguros S.A. provides auto complete insurance coverage through BV's network.
• Azul SegurosstandardChannel Partner/ Reseller/ DistributorAzul Companhia de Seguros Gerais provides auto complete insurance products through BV.
• SuhaistandardChannel Partner/ Reseller/ DistributorSuhai Seguradora provides auto complete insurance coverage options for BV customers.
• AlirostandardChannel Partner/ Reseller/ DistributorAliro Seguros provides auto complete insurance products for BV customers.
• Brasilcap CapitalizaçãominorChannel Partner/ Reseller/ DistributorBrasilcap Capitalização issued capitalization titles with prize drawings that were offered alongside BV financial products.
• NaPistaminorGTM or Marketing PartnerNaPista is a vehicle search platform partner that allows BV customers to find vehicles for purchase with financing options. The partnership is promoted on BV's website and marketing materials.
• CDF AssistênciasminorChannel Partner/ Reseller/ DistributorCDF Assistências LTDA provided home assistance services (plumbing, electrical, locksmith) that were distributed through BV insurance products.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Banco Pan: Banco Pan is a Brazilian mid-tier bank specializing in vehicle financing and consumer credit, with similar product mix including payroll-deductible loans and digital account offerings. Direct competitor to BV's core vehicle financing franchise.
• Nubank: Brazilian neobank offering digital accounts, credit cards, personal loans, and investments. Competes with BV for the same digital-native mass-market customer with a leaner cost structure and stronger brand momentum.
• Banco Inter: Brazilian digital-first bank offering free accounts, credit cards, loans, and investments via a super-app. Direct competitor in BV's digital retail banking and personal lending segments.
• Banco C6: Brazilian digital bank backed by J Safra, offering accounts, credit cards, investments, and personal loans. Competes with BV in digital account acquisition and credit card cashback programs.
• Banco ABC Brasil: Brazilian mid-tier investment bank with corporate banking focus, often ranked alongside Banco Votorantim among Brazil's top investment banks. Direct peer in middle-market lending, capital markets, and FX services.

Broad incumbents

• Itaú Unibanco: Brazil's largest private bank offering retail deposits, credit cards, consumer lending, insurance, and corporate banking. Overlaps with BV across virtually every product line and represents the dominant competitive force in Brazilian retail banking.
• Bradesco: One of Brazil's largest banks with broad retail, commercial, and insurance operations including vehicle financing through Bradesco Financiamentos. Competes with BV in vehicle financing, deposits, and credit cards at national scale.
• BTG Pactual: Brazil's largest independent investment bank, also operating digital retail banking (BTG Pactual Digital). Comparable to BV in corporate banking, capital markets, and digital retail expansion.
• Santander Brasil: Subsidiary of Spanish banking giant offering retail, commercial, and investment banking plus vehicle financing (Santander Financiamentos). Major competitor to BV across consumer and corporate segments.
• Banco do Brasil: Brazilian state-controlled bank with extensive retail, agribusiness, and government-credit operations. Competes with BV in vehicle financing, working capital loans, and government credit programs (BNDES/FGE).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bancobv
• Facebookfacebook.com/bancobv

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments9 records

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

Frequently asked questions about Banco Votorantim