AgeRio

What AgeRio does

AgeRio (Agência de Fomento do Estado do Rio de Janeiro S.A.) is a state-owned development finance institution (mixed-economy corporation, sociedade anônima de economia mista) controlled by the State of Rio de Janeiro and supervised by the Banco Central do Brasil. Created by Lei Estadual nº 3.517/2000 and formally established in 2002, AgeRio channels public and on-lent capital to underserved segments of the Rio de Janeiro economy, including MEI and informal microentrepreneurs, micro and small enterprises, medium and large companies, women-led businesses (Elas em Foco), tourism operators (Fungetur), innovative companies (Inovacred / FINEP), early-stage startups (via FIPs), and the 92 municipalities of the state for public-sector financing.

The agency offers a multi-product credit portfolio with below-market terms: microcredit at 0.25% monthly (R$300–R$21,000), working-capital lines for micro/small and mid/large companies, innovation financing, sustainability and growth/expansion credit, municipality credit backed by ICMS quota-part, plus equity participation through FIPs. Distribution is hybrid — direct sales at the Rio de Janeiro headquarters, a digital self-serve portal (Portal do Cliente, Simulador de Crédito), correspondent credit agents, and 40+ municipal microcredit agreements covering all 92 municipalities of the state.

AgeRio monetizes primarily through interest spread on on-lent wholesale funding (BNDES, FINEP, FAPERJ, Fungetur, FEMPO) and transactional tariffs (Tarifa de Consulta Cadastral R$500–R$2,000, 0.5% project analysis tariff, 0.6% contracting tariff for municipalities), supplemented by equity returns from FIP investments. The agency reports cumulative deployment of R$400 million in credits to 9,000 entrepreneurs in 2022 and 14,000+ clients served in the first ten months of 2023, alongside equity exits returning R$4.1 million (Nubank/Olivia, Car10, Oktagon). Partnerships with BNDES, FINEP, FAPERJ, ApexBrasil, SEBRAE RJ, Firjan, Fecomércio RJ, and others structure its origination and capital pipeline.

Name

AgeRio

Legal name

Agência de Fomento do Estado do Rio de Janeiro S.A.

Website

https://agerio.com.br

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

AgeRio is a Rio de Janeiro state-owned development finance institution that provides below-market credit (microcredit, working capital, innovation, tourism) to microentrepreneurs, SMEs, startups, women-led businesses, and all 92 municipalities of the state, sourcing capital from BNDES, FINEP, FAPERJ and Fungetur and operating under Banco Central supervision.

Ownership category

akta.pro rank

Product category

Development Finance

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Term Loans & Growth Capital (FSAKAGAB)

akta.pro secondary industry

Development Finance & Blended Finance Facilities (BPADAOAD)

Keywords

• Development finance
• Microcredit lending
• Working capital loans
• Municipal credit lines
• Innovation financing

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices2 records

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: AgeRio generates revenue primarily through interest charged on microcredit and enterprise financing operations. The microcredit rate is 0.25% per month. Revenue is earned through spread on lending operations.
2. Tariffs and Fees: Fees for credit analysis, project evaluation, guarantee assessment, and credit operations. Common tariffs include Tarifa de Consulta Cadastral (R$ 500 to R$ 2,000), Tarifa de Análise de Projetos (0.5% of proposed financing), and Tarifa de Avaliação de Garantias (starting from R$ 750).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

AgeRio is a state development finance institution (Agência de Fomento do Estado do Rio de Janeiro S.A.) that channels public development resources into credit operations for microentrepreneurs, micro and small enterprises, medium and large companies, innovative startups, women entrepreneurs, and the 92 municipalities of the State of Rio de Janeiro. It offers a portfolio of credit lines — including microcredit, working capital, sector-specific financing (tourism, sustainability, innovation), municipal infrastructure loans, and equity investments via FIPs — at differentiated below-market rates, and provides accompanying financial education.

Product overview

AgeRio is a development financing agency for the State of Rio de Janeiro offering a comprehensive portfolio of credit products and financial solutions. The portfolio includes Microcrédito AgeRio (microcredit up to R$21k at 0.25% monthly rate), Capital de Giro products for micro to large enterprises, Empresas Nascentes for startups, sector-specific lines (Turismo, Sustentabilidade), Inovacred for innovation with FINEP resources, Crédito para Prefeituras for municipalities, Fundos de Investimento em Participações (equity funds), and Elas em Foco for women entrepreneurs. Complementary offerings include Educação Financeira resources, and government programs like SUPERA RJ, FEMPO, FOMENTA, Fungetur, and the Innovation Rio program with FAPERJ.

Differentiator

Problem solved

Functional benefit

Products and services

• Microcrédito AgeRio
• Capital de Giro para Micro e Pequenas Empresas
• Capital de Giro para Médias e Grandes Empresas (Giro AgeRio)
• Empresas Nascentes
• Crédito Turismo (Fungetur)
• Sustentabilidade
• Inovacred
• Crescimento e Expansão
• Crédito para Prefeituras
• Fundos de Investimento em Participações (FIPs)
• Elas em Foco
• Educação Financeira (AgeRio Orienta)
• FOMENTA RJ
• SUPERA RJ
• FEMPO (Fundo Estadual do Microcrédito Produtivo Orientado)
• Programa Inovação Rio

Quantifiable outcome

• R$ 400 million in credits deployed to 9,000 entrepreneurs in 2022, marking first-time operations across all 92 municipalities of Rio de Janeiro
• +4 more outcomes

Named customers16 records

Segments8 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

14 partnerships are on record, tiered core and minor.

• ApexBrasil (Agência Brasileira de Promoção de Exportações e Investimentos)coreStrategic or Co-development Partner · 15 April 2024AgeRio and ApexBrasil initiated a strategic agenda for knowledge and experience exchange to support international expansion of companies in Rio de Janeiro state.
• SEBRAE RJ (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas)coreStrategic or Co-development PartnerStrategic partnership for entrepreneurship support. AgeRio participates in SEBRAE events, workshops, and programs including Rio em Ação, Café com Crédito, and entrepreneur fairs.
• Firjan (Federação das Indústrias do Estado do Rio de Janeiro)coreStrategic or Co-development PartnerPartnership for industry events and 'Finep pelo Brasil' program. AgeRio participates in Firjan events and Casa Firjan activities.
• ABDE (Associação Brasileira de Desenvolvimento)coreStrategic or Co-development PartnerAgeRio president serves on ABDE Consultive Council. Active participation in ABDE events and discussions on credit and development policy.
• CRCRJ (Conselho Regional de Contabilidade do Rio de Janeiro)minorStrategic or Co-development PartnerTechnical cooperation agreement to strengthen entrepreneurship. Joint efforts for business support in Rio de Janeiro.
• Jucerja (Junta Comercial do Estado do Rio de Janeiro)minorStrategic or Co-development PartnerTechnical cooperation agreement to facilitate access to business registration information for entrepreneurs.
• ACRJ (Associação Comercial do Rio de Janeiro)minorGTM or Marketing PartnerPartnership to expand development of businesses in Rio de Janeiro through joint marketing and referral activities.
• ABIMAQ (Associação Brasileira da Indústria de Máquinas e Equipamentos)minorGTM or Marketing PartnerRenewed cooperation agreement for joint initiatives to support industrial sector financing.
• Abrasel (Associação Brasileira de Bares e Restaurantes)minorGTM or Marketing PartnerPartnership to disseminate credit lines for bars and restaurants sector in Rio de Janeiro state.
• Fecomércio RJminorGTM or Marketing PartnerPartnership with commerce federation for credit dissemination to business sector.
• CODIN (Companhia de Desenvolvimento Industrial do Estado do Rio de Janeiro)minorStrategic or Co-development PartnerJoint efforts for economic development of Rio de Janeiro state. Joint meetings and initiatives with SEDEICS.
• Municipios do Rio de Janeiro (40+ municipalities)coreChannel Partner/ Reseller/ DistributorOver 40 municipalities have signed microcredit agreements enabling local access to AgeRio credit programs. Includes Paraty, Barra do Piraí, Paraíba do Sul, Seropédica, Volta Redonda, Porto Real, Campos, Itatiaia, and others.
• Rio SolidáriominorStrategic or Co-development PartnerSocial partnership for solidarity campaigns including SOS Chuvas, Páscoa, and other community initiatives.
• Caixa Econômica FederalminorChannel Partner/ Reseller/ DistributorBanking partner for credit operations and government program distribution.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/age_rio

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about AgeRio