TAG IMF

What TAG IMF does

TAG IMF (legal name Tag Tecnologia para o Sistema Financeiro S.A.) is a Brazilian financial market infrastructure (IMF / Infraestrutura do Mercado Financeiro) authorized by the Banco Central do Brasil to operate as a Receivables Registrar (Registradora de Recebíveis). The company was incorporated in 2018, received IMF authorization in 2020 following a Central Bank convention among registrars, and commenced commercial operations as a Receivables Registrar in 2021 under Circular 3.952. TAG IMF's core function is to maintain the centralized, regulated record of Brazilian credit and debit card receivables as financial assets (Unidades de Recebíveis — URs), enabling merchants to use these receivables as collateral or as a basis for credit and anticipation operations.

The platform serves four participant types: Credores (Creditors — financial institutions using receivables data for credit decisions), Credenciadoras and Subcredenciadoras (Acquirers and Sub-acquirers — payment processors performing daily registration and reconciliation), Integradores (technology partners routing clients onto the platform), and indirectly the underlying Estabelecimentos Comerciais (merchants) whose receivables are registered. Technical architecture is API-first with a public developer documentation portal at docs.taginfraestrutura.com.br, supported by an assisted homologation process and proprietary features such as the exclusive 'Envio de Posição' position-sending service, real-time contract notifications to Acquirers, and automatic contract effect amplification. The platform reports R$ 407 billion in registered financial volume in 2025, capacity for ~1.1 million new contracts per day, and 5-second average processing time per registration.

TAG IMF monetizes through transaction-based fees: registration fees and interoperability tariffs published in the participant relationship portal (Tabela de preços / Tabela de tarifas de interoperabilidade), billed pay-as-you-go. The company is regulated as a Financial Market Infrastructure and is LGPD-compliant, with a Data Protection Officer formally appointed. Operating status is active, with a single headquarters in São Paulo and the entire footprint confined to Brazil. No public listing, parent company, or known private equity/venture capital involvement is disclosed in the available materials.

Name

TAG IMF

Legal name

Tag Tecnologia para o Sistema Financeiro S.A.

Website

https://taginfraestrutura.com.br

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

TAG IMF is a Brazilian Central Bank-authorized financial market infrastructure that operates as a receivables registrar for credit and debit card transactions. Its API-first platform serves Creditors, Acquirers, Sub-acquirers, and Integrators across Brazil's domestic card payments ecosystem.

Ownership category

akta.pro rank

Product category

Financial Market Infrastructure (Receivables Registration)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223), Credit Bureaus (561450)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)

Keywords

• Receivables registration platform
• Financial market infrastructure
• Card receivables management
• Receivables registrar services
• Payment receivables API

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Receivables Registration Services: TAG IMF charges participants (Creditors, Acquirers, Sub-acquirers, Integrators) for registering and managing card receivables. The pricing table is published in the participant relationship portal (Tabela de preços / Tabela de tarifas de interoperabilidade). The revenue model is structured around registration fees and interoperability tariffs applied to participants operating within the Brazilian card receivables ecosystem.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

TAG IMF operates a regulated receivables registration platform authorized by Brazil's Central Bank, enabling Creditors, Acquirers/Sub-acquirers, and Integrators to register, query, and manage card receivables (Unidades de Recebíveis) generated from credit and debit card transactions. The platform centralizes receivables data and supports contract formalization (averbação), real-time agenda consultation, settlement operations, and reconciliation across the Brazilian card payment ecosystem. Participants access the platform primarily via a public API, with assisted integration support and an integrator partner channel for clients lacking direct integration infrastructure.

Product overview

TAG IMF operates as a financial market infrastructure (IMF) authorized by Brazil's Central Bank to act as a receivables registrar. The company offers a unified platform centered on Card Receivables registration, with four interconnected modules serving different market participants: Credor for creditors accessing receivables data for credit operations, Credenciador/Subcredenciador for payment processors registering transactions, and Integrador for technology partners building solutions on the platform. The ecosystem is tied together through a public API that enables all participants to integrate with the receivables registry. The platform's core value proposition is transforming card receivables into a liquid, transparent financial asset that enables credit access while reducing operational risk.

Differentiator

Problem solved

Functional benefit

Products and services

• Card Receivables (Recebíveis de Cartão) Core platform for registering and managing credit and debit card receivables as regulated financial assets (Unidades de Recebíveis). Enables merchants to use receivables as financial assets for credit operations, guarantees, or early payment, and serves as the central hub connecting Creditors, Acquirers/Sub-acquirers, and Integrators in the Brazilian card receivables ecosystem.
• Credor (Creditor Solution) Solution for Creditors (financial institutions and lenders) to access and analyze merchant receivables data. Enables credit scoring based on receivables performance, contract creation with receivables as collateral (guarantee, encumbrance, ownership transfer), and real-time monitoring of receivables agendas for data-driven credit decisions.
• Credenciador/Subcredenciador (Acquirer/Sub-acquirer Solution) Solution for Acquirers and Sub-acquirers (payment processors) to register card transactions, perform daily reconciliation, report settlement information, and process early payments to merchants while maintaining compliance with Banco Central receivables registration regulations.
• Integrador (Integrator Partner Program) Partner program for technology Integrators (fintechs and technology companies) to connect their clients (Creditors and Acquirers) to TAG IMF's receivables ecosystem. Integrators build solutions on top of TAG IMF's infrastructure to serve market participants lacking direct API integration capabilities, with assisted integration support.
• API Platform Public API enabling direct integration with TAG IMF's receivables registration infrastructure. Supports receivables registration, agenda consultation, contract operations (guarantee, encumbrance, ownership transfer), settlement processing, and portfolio reconciliation for authorized market participants.

Quantifiable outcome

• R$ 407 Billion in registered financial volume in 2025, representing the total value of card receivables processed through the platform
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• CERC (Central de Recebíveis): CERC is another Brazilian receivables registrar authorized by the Banco Central to record credit and debit card receivables. It competes head-to-head with TAG IMF for creditor, acquirer, and integrator integrations across the same Brazilian market.

Broad incumbents

• B3 (Brasil, Bolsa, Balcão): B3 is Brazil's principal financial market infrastructure operator, running the stock exchange, central securities depository, and other regulated infrastructure services. While much broader in scope, B3 is comparable as a Brazilian IMF/regulated infrastructure business with similar governance and regulatory obligations.
• CIP (Câmara Interbancária de Pagamentos): CIP is Brazil's interbank payment clearinghouse, operating critical national payment infrastructure including PIX and other settlement systems. It is comparable to TAG IMF as a regulated, systemically important financial market infrastructure entity operating in Brazilian transaction processing.

Emerging players

• Stone Co. Stone is a major Brazilian payment acquirer and sub-acquirer that processes card transactions and likely integrates with TAG IMF's registry to comply with BCB receivables registration rules. Comparable as a participant in Brazil's card payments ecosystem and a potential integrator/customer.
• PagSeguro / PagBank: PagBank is a Brazilian payment processor and digital bank serving merchants with acquiring and account services. As a likely acquirer/sub-acquirer integrator connecting to TAG IMF for receivables registration, it operates within the same Brazilian card ecosystem.
• Cielo: Cielo is one of Brazil's largest card acquirers and a key participant in the country's payment ecosystem. Comparable as a primary acquirer that registers receivables with TAG IMF, and thus a critical participant in the same regulatory framework.

Others

• Visa Inc. Visa is a global card network whose schemes underpin the card transactions whose receivables TAG IMF registers. Comparable as an ecosystem participant and indirect upstream provider of the transaction volumes that flow through TAG IMF's platform.
• Mastercard: Mastercard is a global card network that, like Visa, is the underlying scheme for the credit and debit card receivables TAG IMF registers in Brazil. Comparable as a payments ecosystem participant whose transaction data populates TAG IMF's registry.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tagimf

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 TAG IMF