MS Bank

What MS Bank does

MS Bank (operating under the Braza Bank brand — BRAZA BANK S.A. BANCO DE CÂMBIO, CNPJ 19.307.785/0001-78) is a Brazilian foreign-exchange bank headquartered in Curitiba, founded in 2013 and authorized to operate by the Banco Central do Brasil (institution nº 128, classified as a Banco de Câmbio – S4). The company provides regulated cross-border payment and currency-exchange services to three customer groups: individuals (freelancers, remote workers, diaspora sending/receiving international payments), companies engaged in import/export and international trade, and payment institutions requiring derivatives, hedging, and cash-management services. It reports serving 17 million individuals and 7,000 companies and maintaining 70+ correspondent-banking relationships, and positions itself among the top 15 Brazilian financial institutions by FX transaction volume per BACEN.

The product surface spans a regulated banking core and a digital ecosystem. Core offerings include international transfers (Transferência Internacional), currency hedging (Proteção Cambial), international receipts, declaratory registrations, mass payments, derivatives, cash management (repo and government securities), and Braza Checkout (enabling Brazilian payment methods for cross-border sales). The differentiated layer is Braza On, a multi-currency global account marketed with up to 65% savings on FX and crypto fees, integrated with two proprietary digital assets: BBRL, a digital Brazilian real, and USDB, a claimed 100%-backed US-dollar stablecoin used to reduce remittance costs via stablecoin settlement. Distribution is digital-first (web/app self-service with extended service hours Mon–Fri 8h–19h and Sat 8h–12h), supplemented by inside-sales support via WhatsApp and email, plus an API/embedded channel ("APIs de Câmbio," getBraza) targeting institutional partners.

The business model is transaction-based, earning primarily on FX spreads/take-rate and per-transaction fees marketed as the most competitive in Brazil, with quote-based pricing for institutional and enterprise services and a published rate card ("Tarifas e transparência de custos"). Revenue mechanics are pay-as-you-go and volume-driven across a horizontal, self-serve consumer base and higher-touch corporate/institutional segments. No funding, revenue, ownership, or M&A data was provided; the company is privately held and led by founder and CEO Marcelo Sacomori.

Name

MS Bank

Website

https://msbank.com.br

Company type

Private

Founded year

2013

Headcount range

51–100 employees

Short description

Brazilian BACEN-authorized foreign-exchange bank (Braza Bank) offering cross-border transfers, currency hedging, derivatives, and a multi-currency digital account (Braza On) with proprietary BBRL and USDB stablecoins, serving individuals, companies, and payment institutions.

Ownership category

akta.pro rank

Product category

Foreign Exchange Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021), Finance Services (6199)

akta.pro primary industry

Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL)

Keywords

• Foreign exchange services
• International money transfers
• Currency hedging solutions
• Multi-currency digital accounts
• Stablecoin payment infrastructure

Headquarters

HQ city

Curitiba

HQ country

Brazil

HQ region

Latin America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Pricing tiers

Distribution channels3 records

Marketing channels4 records

Core offering

MS Bank (operating as Braza Bank / Banco Braza) is a Brazilian Central Bank-authorized foreign exchange bank (Banco de Câmbio) that provides international money transfers, currency exchange, FX hedging, multi-currency digital accounts, and proprietary digital currencies (BBRL digital real and USDB digital dollar). It serves individuals, companies engaged in international trade, and payment institutions through a digital-first platform with extended operating hours and direct specialist support.

Product overview

Braza Bank operates as Brazil's largest foreign exchange bank, offering a comprehensive financial ecosystem centered on international transfers, currency protection through hedging, and digital currency solutions. The core platform is Braza Bank itself, which serves as the umbrella brand for products including Braza On (multi-currency global account), BBRL (digital real), and USDB (digital dollar). The company provides services across individual customers (international transfers, receipts, currency locking), business clients (bulk payments, derivatives, cash management), and payment institutions (derivatives, cash management). Braza Checkout enables international sales to Brazilians abroad, while the API product allows third-party integration of exchange services.

Differentiator

Problem solved

Functional benefit

Products and services

• Braza On (Conta Global Multimoedas) Multi-currency global account for individuals and businesses offering up to 65% savings on exchange and crypto fees, unifying traditional banking and cryptocurrency in a single platform accessible via web and mobile app.
• Transferência Internacional (International Transfers) Global international transfer service for individuals and businesses with complete support and no hidden fees, leveraging stablecoin rails for cost efficiency.
• Proteção Cambial (FX Hedging) Currency hedging service that locks exchange rates via hedge operations, providing predictability and protection against currency volatility for individuals and businesses.
• BBRL (Real Digital da Braza) Braza's proprietary digital Brazilian real, part of the ecosystem connecting traditional banking with cryptocurrency solutions.
• USDB (Dólar Digital da Braza) A 100% Braza-backed US dollar stablecoin integrated into the banking and crypto ecosystem for global digital payment solutions, used to reduce remittance costs.
• Braza Checkout Payment solution enabling merchants to sell to Brazilians abroad using Brazilian payment methods, available online and in-person, designed to increase conversion rates.
• Mass Payments Batch payment service providing greater agility, control, and efficiency for businesses to process multiple payments simultaneously.
• Derivativos (Derivatives) Institutional derivatives service operating on major global exchanges, offering hedge solutions for payment institutions and their clients.
• Cash Management Treasury operations using repurchase agreements (compromissadas) and government securities, targeted at financial institutions.
• Registros Declaratórios (Declaratory Records) Declaratory records service that reduces regulatory bureaucracy for businesses engaged in international trade.
• Recebimentos Internacionais (International Receipts) International receipt service allowing customers to redeem international earnings with efficiency, security, and reduced costs.
• APIs de Câmbio (FX APIs / getBraza) Developer APIs enabling partners and third-party platforms to integrate Braza's currency exchange and payment services into their own products.

Quantifiable outcome

• Up to 65% savings on exchange and crypto fees with Braza On account

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Wise: Global cross-border payments platform offering multi-currency accounts and transparent FX pricing. Competes directly with Braza on international money transfers out of Brazil and competes with Braza On's multi-currency proposition.
• Nomad: Brazilian digital account platform offering multi-currency accounts, USD balances, and international transfers to Brazilian consumers and businesses. Overlaps with Braza On's multi-currency account and FX value proposition for the same target market.
• Mercado Pago: LATAM payments super-app with stablecoin and crypto rails integrated alongside payments, lending, and merchant services. Comparable to Braza in combining fiat-crypto interoperability with payments for the Brazilian market.

Emerging players

• Bitso: Major Latin American crypto exchange with stablecoin and cross-border payment rails in Brazil, Mexico, and Argentina. Overlaps with Braza on USDB-style dollar stablecoin remittance use cases and crypto-fiat interoperability.
• Ripple: Blockchain-based cross-border payments network and stablecoin (RLUSD) issuer targeting financial institutions. Comparable to Braza on stablecoin-anchored B2B cross-border rails, particularly for emerging-market corridors.

Broad incumbents

• XP Investimentos: Major Brazilian financial services platform covering investments, FX, and treasury products. Comparable to Braza's institutional FX, hedging, and mass payment offerings for Brazilian corporates and high-net-worth segments.
• Nubank: Latin America's largest digital bank with a massive Brazilian customer base. Offers multi-currency accounts and FX-adjacent services inside a broader banking app, competing for the same Brazilian digital-first consumer as Braza On.
• Western Union: Global incumbent in international money transfers and FX with deep Brazilian retail and agent network. Competes with Braza's international transfer product at the consumer and SMB level, but operates with a much broader retail footprint and traditional rails.
• MoneyGram: Global money transfer operator with significant presence across Latin America, including Brazil. Direct competitor on consumer international transfers and a likely reference point for Braza's pricing claims ('most competitive cost in Brazil').
• Banco Inter: Large Brazilian digital bank offering multi-currency accounts, FX, and international transfers alongside full banking services. Competes with Braza in the digital FX and multi-currency account category but with a much larger deposit base and product breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bancomsb

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 MS Bank