Euro17

What Euro17 does

Euro17 Empresarial Gestão de Negócios & Investimentos Ltda. (doing business as Euro17 Crédito, part of Grupo Euro17) is a Brazilian digital financial services platform headquartered in São Paulo. The company operates as a Banking Correspondent (Correspondente Bancário) under BACEN Resolution 3.954/2011, authorized to originate and process credit applications on behalf of four partner financial institutions: Banco Santander, BV Financeira, FACTA Financeira, and BCREDI. Its product portfolio spans personal loans, real estate-backed loans, vehicle-backed loans, payroll-deductible (consignado) loans, FGTS advances, vehicle and real estate financing, and a full insurance distribution suite covering vehicle, residential, health, life, dental, equipment, travel, pet, rental guarantee, and commercial lines, plus consortium products.

The business model is a commission-based intermediary: Euro17 earns transaction fees on successful loan disbursements and affiliate referral commissions on insurance and consortium sales. Distribution is hybrid — a self-serve digital platform (euro17.com.br) supplemented by company-owned physical retail stores ('Nossas Lojas') across the Brazilian Southeast. The group also operates a wholly-owned securitization subsidiary (Euro Securitizadora), providing infrastructure for asset-backed issuance.

Euro17 serves two primary customer segments: individual Brazilian consumers seeking personal credit, collateralized financing, and insurance products (primary), and small and medium-sized enterprises purchasing employee benefits and commercial protection (secondary). The company positions itself on competitive interest rates, particularly for secured credit, and on personalized service supported by professionals with 30+ years of market experience. Founded in 2017, the company employs 251–500 people and operates under a Ltda. (limited liability) corporate structure.

Name

Euro17

Legal name

EURO17 EMPRESARIAL GESTAO DE NEGOCIOS & INVESTIMENTOS LTDA

Website

https://grupoeuro17.com.br

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Euro17 is a Brazilian Banking Correspondent platform that originates credit and distributes insurance and consortium products on behalf of partner banks (Santander, BV, FACTA, BCREDI) through a hybrid digital-and-physical model targeting individual consumers and SMEs in the Brazilian Southeast.

Ownership category

akta.pro rank

Product category

Consumer Credit Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Loan Brokers (6163)

akta.pro primary industry

Correspondent Banking (Nostro/Vostro & Agent Services) (FSABAJAA)

akta.pro secondary industries

Digital Banking & Neobank Platforms (BPAMAFAD), Correspondent Banking & Liquidity Network Platforms (FSAGAKAI)

Keywords

• Consumer credit services
• Banking correspondent platform
• Collateralized personal loans
• Insurance distribution
• Consortium services

Headquarters

HQ city

Jardim Paulista

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Banking Correspondent Commissions: Euro17 operates as a Correspondente Bancário, receiving commissions for facilitating loan and financing applications on behalf of partner financial institutions including Banco Santander, BV Financeira, FACTA Financeira, and BCREDI. Revenue is generated through successful loan disbursements and ongoing portfolio management.
2. Insurance Distribution: The company distributes insurance products (vehicle, residential, health, life, dental, equipment, travel, pet, liability insurance) for individuals and businesses, earning commissions on policies sold through its digital platform and physical stores.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Euro17 operates a digital banking correspondent platform under Brazilian Central Bank Resolution 3.954/2011, offering personal credit products (real estate-backed loans, vehicle-backed loans, heavy vehicle-backed loans, payroll loans, personal loans, FGTS advance), vehicle and real estate financing, a full range of insurance products for individuals and businesses, and consortium services (vehicle, real estate, heavy machinery, services). The company acts as an authorized representative of multiple partner financial institutions including Banco Santander, BV Financeira, FACTA Financeira, and BCREDI, distributing their loan and financing products through a hybrid digital and physical store network.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate-Backed Loan (Empréstimo com Imóvel em Garantia)
• Vehicle-Backed Loan (Empréstimo com Veículo em Garantia)
• Heavy Vehicle-Backed Loan (Empréstimo com Veículo Pesado em Garantia)
• Payroll-Deducted Loan (Empréstimo Consignado)
• Personal Loan (Empréstimo Pessoal)
• FGTS Advance (Antecipação de FGTS)
• Vehicle Financing (Financiamento de Veículo)
• Real Estate Financing (Financiamento de Imóvel)
• Personal Insurance Products (Seguros Para Você)
• Business Insurance Products (Seguros Para Sua Empresa)
• Consortium Services (Consórcio)

Quantifiable outcome

• Among the lowest interest rates in the market for secured loans (vehicle and property-backed)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Banco Santander S/A (CNPJ 90.400.888/0001-42)coreChannel Partner/ Reseller/ DistributorBanco Santander is one of the largest banks in Brazil and Latin America. Euro17 is an authorized correspondent offering Santander financial products including loans and financing solutions.
• BV Financeira S/A (CNPJ 01.149.953/0003-40)coreChannel Partner/ Reseller/ DistributorBV Financeira is a major Brazilian financial institution. Euro17 represents BV Financeira as authorized correspondent for loan and financing products.
• FACTA Financeira S/A (CNPJ 15.581.638/0001-30)coreChannel Partner/ Reseller/ DistributorFACTA Financeira specializes in payroll-deductible loans (crédito consignado). Euro17 is authorized to offer FACTA products through its correspondent network.
• BCREDI S/A (CNPJ 31.105.806/0001-78)coreChannel Partner/ Reseller/ DistributorBCREDI is a financial institution offering credit solutions. Euro17 operates as authorized correspondent for BCREDI products.
• Euro SecuritizadoraminorStrategic or Co-development PartnerRelated entity within Grupo Euro17 operating in the securitization space (eurosecuritizadora.com.br), providing additional financial services infrastructure.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Bradesco: Major Brazilian incumbent bank with broad consumer credit, insurance, and consortium offerings distributed through proprietary and correspondent channels; sets the competitive ceiling for product breadth and rate pricing.
• Itaú Unibanco: One of Brazil's largest private banks offering the full suite of consumer credit, payroll loans, insurance, and consortium products; comparable as the dominant incumbent whose correspondent ecosystem (including Euro17 partner Santander) sets competitive benchmarks.

Direct peers

• Banco Pan: Brazilian mid-sized bank focused on consumer credit, vehicle financing, and payroll loans, often distributed through correspondent networks; comparable to Euro17 across secured and unsecured credit.
• Ole Consignado: Brazilian specialist in payroll-deductible (consignado) loans distributed via digital and physical channels; directly comparable to Euro17's core consignado offering and hybrid distribution approach.
• Banco BMG: Brazilian commercial bank with a strong focus on consignado and payroll-deductible lending through extensive correspondent and digital channels, directly comparable to Euro17's flagship consignado product.
• Crefisa: Banking correspondent specializing in payroll-deductible loans (consignado) and personal credit to Brazilian consumers, closely comparable to Euro17's core product offering and correspondent distribution model.

Others

• BV Financeira: Brazilian consumer finance arm of Banco Votorantim, also listed as a Euro17 partner; comparable as a credit originator whose loan products are distributed through Euro17's correspondent channel.
• FACTA Financeira: Specialist in payroll-deductible loans and one of Euro17's stated partner institutions; comparable as a financial institution whose products Euro17 distributes, and a structural counterpart in the correspondent ecosystem.

Emerging players

• Banco Inter: Brazilian digital bank offering consumer credit, payroll loans, and insurance through an integrated super-app; comparable as a digitally native competitor expanding into the same credit and insurance categories Euro17 serves.
• C6 Bank: Brazilian digital bank with consumer lending and insurance products targeting individuals and SMEs; comparable as an emerging digital-first competitor overlapping with Euro17's loan and insurance distribution.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 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 Euro17