Capef

What Capef does

Capef (Caixa de Previdência dos Funcionários do Banco do Nordeste do Brasil) is a non-profit closed pension entity (Entidade Fechada de Previdência Complementar, EFPC) founded in 1967 and headquartered in Fortaleza, Ceará, Brazil. The entity is sponsored by Banco do Nordeste do Brasil (BNB), which automatically enrolls new employees in Plano CV I and provides paritarian matching contributions. Capef administers three core pension plans: Plano CV I (a defined contribution plan with individual account accumulation and dual-phase benefits), Plano BD (a defined benefit plan providing lifetime retirement income and survivor benefits), and Plano Família (a family pension plan with IPCA-indexed contributions effective April 2026 and a R$150/month minimum). All plans feature an "Investimento Duplicado" (investment doubling) mechanism, a 12% IR tax deduction on contributions, and access to loans at preferential rates.

The entity operates on a closed pension fund administration platform with individual participant account management, investment portfolio management, and benefit calculation systems. Digital infrastructure includes a participant portal (Sala do Participante), a mobile app (iOS/Android), retirement and portability simulators, a tax-savings simulator, and the "Ed" WhatsApp chatbot launched in 2024 for 24/7 participant service. Engagement channels span three WhatsApp Communities (CV I, BD, Família), an annual Seminar of Investments and Benefits (31st edition in 2026), a "TV Capef" YouTube channel, a points-based "Parceria Premiada" loyalty program, and an "Indicação Premiada" referral program. Capef holds two ABRAPP self-regulation seals (Investment Governance and Corporate Governance) and the Selo ICSS de Gestão Certificada, and is regulated by Previc.

The revenue model is administrative fee-based: 2.7% on Plano CV I contributions (monthly billing) plus a one-time 2.5% fee on individual account balance at benefit granting. Capef manages R$ 7.6 billion in assets, paid R$ 593 million in benefits in 2025, and employs 101-250 people. It is the 2nd largest pension fund in North/Northeast Brazil and 29th largest nationally, with a participant base drawn exclusively from BNB employees and their family members.

Name

Capef

Legal name

Caixa de Previdência dos Funcionários do Banco do Nordeste do Brasil

Website

https://capef.com.br

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

101–250 employees

Short description

Capef is a non-profit closed pension entity (EFPC) founded in 1967, sponsored by Banco do Nordeste do Brasil, administering three pension plans (Plano CV I, Plano BD, Plano Família) for BNB employees and their families. It manages R$ 7.6 billion in AUM and operates a digital participant platform with WhatsApp, mobile app, and retirement simulator services.

Ownership category

akta.pro rank

Product category

Supplementary Pension Fund Administration

NAICS

Pension Funds (525110)

SIC

Life Insurance (6311)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Retirement Income Planning & Decumulation Advisory (FSAEABAD), Digital/Hybrid Robo-Wealth & Retirement Advisory (FSAEABAK)

Keywords

• Closed pension fund
• Supplementary pension plans
• Defined contribution plans
• Defined benefit plans
• Pension fund administration

Headquarters

HQ city

Ceará

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Administrative Fees - Active Participants: 2.7% administrative fee charged on each contribution from active participants in Plano CV I, used to cover operational expenses during the contribution phase
2. Administrative Fees - Benefit Granting: 2.5% one-time fee charged on individual account balance at the time of benefit granting, covering administrative expenses during the benefit receipt phase

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Capef is a closed supplementary pension entity (EFPC) that administers three pension plans—Plano CV I (defined contribution), Plano BD (defined benefit), and Plano Família (family pension)—for current and former employees of Banco do Nordeste do Brasil and their families. Each plan offers retirement income beyond INSS, death and disability protection, tax-deductible contributions up to 12% of gross annual income, and a unique investment doubling feature where the sponsor matches contributions from day one. The offering is delivered through a participant web portal, mobile app, WhatsApp virtual assistant (Ed), simulators, and loan services, supported by financial education content and community engagement programs.

Product overview

Capef is a closed private pension entity (EFPC) administering three core pension plans: Plano CV I (variable contribution defined contribution plan), Plano BD (defined benefit plan), and Plano Família (family pension plan). The offering includes digital services through a participant portal (Sala do Participante) with retirement and portability simulators, WhatsApp-based virtual assistant (Ed), loan services, and financial education resources. The company operates a loyalty program (Parceria Premiada) and referral program (Indicação Premiada) to engage participants. Plano Família contributions are indexed to IPCA inflation starting April 2026, while Plano CV I and BD feature investment doubling from day one and tax deduction benefits up to 12% of annual gross income.

Differentiator

Problem solved

Functional benefit

Products and services

• Plano CV I Defined contribution supplementary pension plan for current and former Banco do Nordeste do Brasil employees, featuring individual account accumulation, flexible monthly or single contributions, investment doubling from day one via sponsor matching, tax-deductible contributions up to 12% of gross annual income, 2.7% administrative fee on contributions, and a dual-phase benefit structure with a 22-year fixed-period payout followed by lifetime income.
• Plano BD Defined benefit supplementary pension plan for BNB employees providing lifetime retirement income and survivor benefits. Features investment doubling from day one via sponsor matching, with retirement eligibility requiring 420 contributions for men or 360 for women (or 120 contributions plus minimum age 50).
• Plano Família Family supplementary pension plan enabling participants to provide future financial security for family members (spouses, children, dependents), allowing gifts to be transformed into pension investments. Minimum monthly contribution of R$ 150, with annual IPCA inflation indexation starting April 2026.
• Sala do Participante Online participant portal (Área Restrita) providing secured self-service access to statements, contribution management, retirement and tax simulations, loan services, and benefit-claiming workflows across all Capef plans.
• Simulador de Aposentadoria (Retirement Simulator) Web-based retirement planning simulator for Plano CV I enabling participants to project retirement income, compare contribution scenarios (single vs. monthly), and plan extra contributions. Updated May 2026 to allow goal-based projections starting from a desired retirement income amount, with real-time comparisons of scenarios with and without additional contributions.
• Empréstimos (Participant Loans) Loan services for Capef participants offering credit at lower rates than market alternatives, with request and management functionality available through the Sala do Participante portal and personalized simulations via the Ed virtual assistant.
• Parceria Premiada Points-based rewards loyalty program that rewards Capef participants for engaging with educational content, completing quizzes on publications, and participating in events. 1,000 points can be redeemed for a R$ 100 shopping gift card.
• Comunidade Capef (WhatsApp Communities) Three dedicated WhatsApp Communities—one per plan (Plano CV I, Plano BD, Plano Família)—that deliver real-time updates, educational content, and prize drawings to participating Capef members.
• Gesto de Amor Capef Service allowing Capef participants to convert gift contributions (occasional or recurring) into pension investments for family members, supporting long-term family financial protection via Plano Família.
• Educação Financeira (Financial Education) Financial and pension education content library spanning publications, webinars, the annual Seminar of Investments and Benefits, and the Poupadores do Futuro webseries targeted at children and youth to promote early financial literacy.
• Assistente Virtual Ed (WhatsApp Chatbot) 24/7 WhatsApp-based virtual assistant (chatbot) named Ed, launched in 2024, providing intelligent customer service including access to statements, newsletters, payroll information, personalized loan simulations, and retirement projections for participants across all Capef plans.
• Indicação Premiada Referral rewards program enabling Capef participants to earn points and rewards (e.g., 100 points for Plano Família; tiered amounts for Plano CV I) by referring colleagues and family members to enroll in Capef pension plans.

Quantifiable outcome

• R$ 593 million in benefits paid to participants in 2025
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• Camed CorretoraminorOthersInsurance broker that participates in Capef events and provides services at participant events. Brandão Pinheiro, Director of Camed Corretora, represented the entity at the 2026 Participant Day event.
• AABNB (Associação dos Aposentados e Pensionistas do Banco do Nordeste)minorOthersAssociation of retired employees and pensioners of Banco do Nordeste. Represented at Capef events by Director Financeiro José Ferreira Chagas.
• AFBNB (Associação dos Funcionalistas do Banco do Nordeste)minorOthersAssociation of Banco do Nordeste employees. Represented at Capef events by Diretora-Presidente Rita Josina.
• Camed SaúdeminorOthersHealth insurance provider that participated in the 2026 Participant Day event, offering preventive care services at the event.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Banesprev: Banesprev is the Santander Brazil closed pension fund. Directly comparable as a banking-sector single-sponsor EFPC serving bank employees with BD/CV plans and Previc regulation.
• Eletros: Eletros is a multi-sponsor closed pension fund serving the Brazilian electric sector. Comparable in product offering (BD and CV plans), Previc regulation, and ABRAPP certification, though with a different sectoral focus than Capef's banking vertical.
• Postalis: Postalis is the closed pension fund for Correios (Brazilian postal service) employees. Comparable single-sponsor EFPC structure with BD and CV plans, regulated by Previc, and serving a defined employee base.
• Centrus: Centrus manages pension plans for employees of Banco do Brasil and BNDES, functioning as a closed pension entity with similar governance and plan architecture to Capef. Comparable as a banking-sector EFPC with paritary sponsor contributions.
• Previ: Previ is the closed pension fund of Banco do Brasil employees — the largest EFPC in Brazil with a similar single-sponsor corporate structure. Directly comparable to Capef in product design (BD and CV plans), governance (Deliberative Council, Fiscal Council), and participant base (bank employees).
• Sistel: Sistel is a closed pension fund originally linked to the Brazilian telecommunications sector (Telebrás system), offering BD, CV, and family plans. Comparable as a Previc-regulated EFPC with multiple plan types similar to Capef's three-plan portfolio.
• Real Grandeza: Real Grandeza is the closed pension fund for employees of Furnas and Eletrobras, operating BD and CV plans under Previc. Comparable to Capef as a single-sponsor corporate EFPC with a defined-benefit legacy and ABRAPP self-regulation.
• Petros: Petros is the closed pension fund of Petrobras, operating defined-benefit and defined-contribution plans for oil-sector employees. Comparable as a single-sponsor Brazilian EFPC with BD and CV plans, paritary sponsor contributions, and Previc regulation.
• Funcef: Funcef is the closed pension fund of Caixa Econômica Federal employees, offering BD, CV, and family plans. Closely mirrors Capef's structure as a federally linked banking-sector EFPC with multiple plan types and ABRAPP certifications.

Broad incumbents

• Itaú Vida e Previdência: Itaú Vida e Previdência is one of Brazil's largest open pension and life insurance operators, offering PGBL, VGBL, and group plans. Comparable as a peer in retirement savings/administration in Brazil, though as an open-market incumbent with far broader distribution and product reach than Capef's closed single-sponsor model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/tvcapef
• Facebookfacebook.com/capefnaweb
• LinkedInlinkedin.com/company/capefoficial
• Instagraminstagram.com/capef.oficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Capef