CondoBlue

What CondoBlue does

CondoBlue Tecnologia e Serviços Financeiros Ltda. ("CondoBlue") is a privately held Brazilian fintech, headquartered in Ribeirão Preto, São Paulo, that operates as a banking correspondent (correspondente bancário) of Socinal Crédito, Financiamento e Investimento S.A. under BACEN Resolution 3954. The company is positioned as the first fintech in Brazil specialized exclusively in the condominium vertical, serving three customer segments: (i) condominiums themselves, via working-capital and financing products sized from R$10,000 to R$1,000,000 over 12–60 months with grace periods up to 120 days; (ii) condominium employees (porters, maintenance staff, etc.) via payroll-deductible loans (crédito consignado) under Federal Law 10.820/2003, with no bureau consultation required and installments capped at 30% of income; and (iii) condominium suppliers, via credit facilitation and receivables anticipation.

The technology stack is a 100% digital, mobile-first platform delivered through iOS and Android applications, a website, and direct customer-contact channels (WhatsApp, chat, email, phone). Core technical components include encrypted communications (SSL 2048 bits), a multivariate credit-scoring engine ("pontuação inteligente"), and geolocation-based fraud-prevention tooling. Supporting platforms include CondoBank (a digital account), Portal da Administradora (a manager-facing web portal for payroll-deduction administration), "Meus Empréstimos" (a borrower self-service portal), and a public API portal (docs.condoblue.com) for third-party integration.

The business model is commission-based: CondoBlue originates and screens borrowers while Socinal performs final credit analysis and provides capital; CondoBlue is compensated solely by Socinal and charges no direct fees to customers. Distribution combines direct digital acquisition with a partner ecosystem of condominium administrators, suppliers, and credentialers who refer business in exchange for commissions. The company claims nationwide Brazilian coverage through its digital-only operating model. The operating entity (CNPJ 05.932.774/0001-74) was operational by at least December 2017 (Terms of Use effective date), is privately held with no disclosed investors, parent company, or funding rounds, and reports no revenue, headcount, or management-team details in the available data.

Name

CondoBlue

Legal name

CondoBlue Tecnologia e Serviços Financeiros Ltda.

Website

https://condoblue.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

CondoBlue is a Brazil-based fintech, operating as a banking correspondent under BACEN Resolution 3954, that originates digital credit products exclusively for residential and commercial condominiums, their employees, and their suppliers across Brazil.

Ownership category

akta.pro rank

Product category

Specialty Lending

NAICS

Consumer Lending (522291), Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Pricing, Risk-Based Offer & Limit Management (FSAGAHAE)

Keywords

• Specialty lending
• Consumer credit
• Payroll loans
• Working capital
• Digital banking

Headquarters

HQ city

Ribeirão Prêto

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Facilitation as Banking Correspondent: CondoBlue acts as a banking correspondent (correspondente bancário) for Socinal Crédito, Financiamento e Investimento S.A., facilitating loans for condominiums, their employees, and suppliers. The company is compensated solely by Socinal and does not charge customers any fees directly.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

CondoBlue operates a 100% digital fintech platform that facilitates credit products for the Brazilian condominium vertical, acting as a banking correspondent for Socinal Crédito, Financiamento e Investimento S.A. Its core offerings include working capital and financing for condominiums (R$10,000 to R$1 million, 12 to 60 months), payroll-deductible personal loans (crédito consignado) for condominium employees under Lei Federal 10.820/2003, and credit facilities plus receivables anticipation for condominium suppliers. The company is compensated solely by Socinal and does not charge customers any upfront fees.

Product overview

CondoBlue is Brazil's first fintech specialized in condominiums, offering a comprehensive suite of digital financial services for three distinct segments: condominiums themselves (working capital and financing), condominium employees (payroll-deductible loans), and condominium suppliers (credit and receivables advance). The company operates a 100% digital platform accessible via website, mobile applications (iOS/Android), and specialized portals including CondoBank (digital account), Portal da Administradora (for property managers), and Meus Empréstimos (for borrower management). All services are delivered through a correspondent banking relationship with Socinal, regulated by the Brazilian Central Bank under Resolution 3954.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital de Giro para Condomínios (Working Capital for Condominiums) Working capital credit product allowing Brazilian condominiums to access financing for any purpose, including investments, unexpected expenses, or account rebalancing. Credit amounts range from R$10,000 to R$1 million, repayable over 12 to 60 months, with up to a 120-day grace period and no requirement for guarantees or co-signers.
• Financiamento para Condomínios (Condominium Financing) Financing product for Brazilian condominiums to fund larger projects or investments, with credit amounts and terms adapted to the specific needs of the condominium.
• Crédito Consignado para Funcionários (Payroll-Deductible Loan for Condominium Employees) Payroll-deductible personal loan product for condominium employees (porters, maintenance staff, etc.) governed by Federal Law 10.820/2003. Features include no credit bureau consultation, differentiated interest rates, up to a 60-day grace period before payments begin, and installments deducted directly from paychecks capped at 30% of income. Requires minimum 12 months of formal employment; credit is released same day after approval.
• Crédito para Fornecedores (Supplier Credit) Credit facility for suppliers of condominiums, enabling them to grow their business by facilitating credit for the acquisition of their products and services by condominium clients.
• Antecipação de Recebíveis (Receivables Advance) Receivables advance product allowing condominium suppliers to receive installment payments upfront for contracts still being executed, addressing cash flow gaps from long condominium payment cycles.
• CondoBank (Digital Account Platform) Digital account platform offered by CondoBlue, providing access to a digital bank account for managing loans and financial operations related to CondoBlue credit products.

Quantifiable outcome

• Credit released within 48 hours for condominiums, same day for employees after approval
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crefisa: Brazilian consumer credit company focused on payroll-deductible loans, private pension loans, and FGTS-based credit. Comparable to CondoBlue in serving underserved Brazilian consumers with specialized credit products.
• Paraná Banco: Brazilian multiple-service bank with a strong consumer credit and payroll-deductible loan franchise. Direct overlap with CondoBlue's employee consignado offering and similar target market segments.
• Banco BMG: Brazilian commercial bank specializing in payroll-deductible loans (crédito consignado) and personal credit. Direct overlap with CondoBlue's employee consignado segment and similar focus on underbanked Brazilian borrowers.
• Creditas: Brazilian fintech specializing in secured consumer/SMB credit (auto, home equity, payroll). Directly comparable as a Brazilian digital lending platform using intelligent scoring and partner channels to underwrite borrowers traditional banks underserve.

Broad incumbents

• Banco Inter: Brazilian digital bank offering consumer lending, SMB accounts, and a digital-first operating model. Comparable in digital origination but with a much broader portfolio than CondoBlue's vertical specialization.
• C6 Bank: Brazilian digital bank offering consumer credit, business accounts, and investment products. Comparable as a digital-first Brazilian lender but with a broad rather than vertical focus.
• Nubank: Brazilian digital bank with extensive consumer credit card, personal loan, and SMB lending products. Direct overlap in digital origination and risk-based scoring, but with a vastly broader customer base and scale.
• Mercado Crédito: Credit fintech within the Mercado Libre ecosystem in Brazil offering consumer and SMB credit via digital channels. Overlaps in digital-only origination and merchant/SMB credit but serves a much broader customer set.
• BV: Brazilian bank (formerly Votorantim) with extensive consumer credit and SMB lending operations. Overlapping functionality in unsecured consumer credit and payroll-deductible products but with a much broader portfolio.

Emerging players

• Neon: Brazilian digital bank focused on underserved consumers and small businesses with credit, account, and payment products. Comparable in digital-first origination targeting the underbanked segment, though with a broader (non-vertical) target market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

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 CondoBlue