Bancoob
Bancoob is the central institution of Sicoob, one of Brazil's largest cooperative financial systems, providing banking, credit, insurance, and investment services to individual and business cooperative members through a nationwide branch network and digital channels.
- Company typePrivate
- Founded1996
- HeadquartersBrasília, Brazil
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Bancoob does
Bancoob is the central institution of Sicoob (Sistema de Cooperativas de Crédito do Brasil), one of the largest cooperative financial systems in Brazil. Founded in 1996 and headquartered in Brasília, it operates as a regulated credit cooperative system serving individual and business members (cooperados) who simultaneously hold ownership stakes in their local cooperative, which in turn owns the central organization. The cooperative ownership model aligns member and institutional interests, with surpluses redistributed through better rates and lower fees rather than returned to external shareholders. Core functions include savings accounts, credit and loan origination, insurance distribution, and investment products underwritten through the wholly-owned Sicoob DTVM (Distribuidora de Títulos e Valores Mobiliários) securities subsidiary.\n\nThe organization delivers financial services through a multi-channel distribution model comprising a nationwide branch network of credit cooperatives, a centralized contact center (Central de Atendimento) reachable at (61) 4000 1111, and digital banking via the Sicoob mobile application available on Google Play and the App Store. The underlying technology is described as a cooperative banking platform with digital banking capabilities; the proprietary feature set centers on the mobile member-access application. Auxiliary service channels include dedicated WhatsApp and 0800 numbers, SAC 24h, Ouvidoria (ombudsman), and a Comissão de Ética, indicating a multi-tier member-service infrastructure typical of large Brazilian financial institutions.\n\nRevenue is generated through interest income on loans and credit, fees from financial services, insurance commissions, and investment product distribution to cooperative members on a subscription-style monthly billing cadence. As a cooperative, the system operates on a cost-to-benefit basis, with pricing structured to benefit members through competitive rates and lower fees compared to traditional Brazilian commercial banks. The institution is LGPD-compliant (Brazilian General Data Protection Law) using the OneTrust consent platform, publishes combined audited financial statements at the system level, and releases annual sustainability and impact reports (the 2024 sustainability report and 2023 impact report being the most recent disclosed).
Bancoob firmographics
Firmographics- Name
- Bancoob
- Legal name
- Sicoob - Sistema de Cooperativas de Crédito do Brasil
- Website
- https://bancoob.com.br
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Bancoob is the central institution of Sicoob, one of Brazil's largest cooperative financial systems, providing banking, credit, insurance, and investment services to individual and business cooperative members through a nationwide branch network and digital channels.
- Ownership category
- akta.pro rank
Bancoob industry classification
Industry- Product category
- Cooperative Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (522110), Credit Unions (522130)
- SIC
- Commercial Banks, Nec (6029), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)
- akta.pro secondary industries
- Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF)
Keywords
Where Bancoob is headquartered
LocationHeadquarters
- HQ city
- Brasília
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Bancoob business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Banking Financial Services: Sicoob generates revenue through interest income on loans and credit, fees from financial services, insurance products, and investment products offered to its cooperative members
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Cooperative banking services for members |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
Bancoob product offering
Product offeringCore offering
Bancoob (Sicoob) is a Brazilian cooperative banking system that provides savings accounts, credit and loan products, insurance, and investment products to cooperative members (cooperados) who are also shareholders of their local credit cooperatives. The institution also operates a mobile banking application and a wholly-owned securities distribution subsidiary (Sicoob DTVM) for investment products within the cooperative ecosystem.
Product overview
Sicoob is a cooperative credit system consisting of multiple credit cooperatives operating under a unified brand. The ecosystem includes the Sicoob mobile application available on Google Play and App Store, the Sicoob DTVM (Distribuidora de Títulos e Valores Mobiliários) for securities and investment products, and various digital channels for cooperative members. The organization publishes sustainability reports, impact reports, and combined financial statements demonstrating its operations as one of Brazil's largest cooperative financial systems.
Differentiator
Problem solved
Functional benefit
Brands
- Sicoob: Sistema de Cooperativas de Crédito do Brasil - Brazilian cooperative financial system
Products and services
- Sicoob App
Companies that use Bancoob
Customer profileSegments1 record
Ideal customer profiles2 records
Bancoob technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Bancoob partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
Bancoob competitors and assessment
Company assessmentEmerging players
- Inter & Co: Brazilian digital bank/supermarket offering retail accounts, credit, investments, and an integrated marketplace; competes with Sicoob for digitally-engaged retail members across Brazil.
- Nubank: Brazilian digital-first bank offering fee-free accounts, credit cards, and personal loans directly to consumers; an emerging fintech competitor targeting the same retail deposit and credit relationships served by Sicoob.
Direct peers
- Sicredi: Brazil's other major credit cooperative system (Sistema de Crédito Cooperativo), operating a federated model similar to Sicoob; serves members across Brazil via local cooperatives with deposit, lending, and investment products - the closest direct peer in cooperative banking.
- Unicred: Brazilian credit cooperative network focused on healthcare and other professional segments; offers cooperative deposit and lending products as a direct member-owned banking alternative to Sicoob.
Broad incumbents
- Caixa Econômica Federal: Federal Brazilian savings bank providing retail deposits, mortgages, and government-linked financial services; broad incumbent serving overlapping consumer/SMB customers with Sicoob.
- Santander Brasil: Brazilian subsidiary of Banco Santander, full-service commercial bank with retail/SMB digital and branch presence; competes with Sicoob for deposits, loans, and investment products in Brazil.
- Bradesco: Major Brazilian private commercial bank with national branch network and digital offerings; competes head-to-head with Sicoob in retail deposits, lending, and SMB services.
- Itaú Unibanco: Largest private Brazilian commercial bank offering full-service retail and corporate banking, digital platforms, and investment products - comparable breadth to Sicoob's member offerings under a listed-bank incumbent model.
- Banco do Brasil: Brazilian federal commercial bank offering full retail, SMB, and agribusiness banking; competes with Sicoob across deposits, loans, and digital channels but operates as a federally-listed incumbent rather than a cooperative.
Regional players
- Banco Pan: Brazilian commercial bank focused on consumer credit, payroll lending, and SMB banking; operates in Brazil alongside Sicoob, with overlapping consumer/SMB lending product sets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Bancoob social profiles
Digital presenceBancoob compliance and trust
Trust signalCompliance1 record
Bancoob financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bancoob leadership team
Management profileNumber of profiles
Bancoob subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bancoob funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bancoob M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bancoob
What does Bancoob do?
Bancoob (Sicoob) is a Brazilian cooperative banking system that provides savings accounts, credit and loan products, insurance, and investment products to cooperative members (cooperados) who are also shareholders of their local credit cooperatives. The institution also operates a mobile banking application and a wholly-owned securities distribution subsidiary (Sicoob DTVM) for investment products within the cooperative ecosystem.
Is Bancoob a public or private company?
Bancoob is a private company. It is classified as unknown and is currently operating.
When was Bancoob founded?
Bancoob was founded in 1996. It employs 251 to 500 people.
Where is Bancoob based?
Bancoob is headquartered in Brasília, Brazil, in the Latin America region.
How does Bancoob make money?
One revenue line is on record: banking Financial Services.
Who are Bancoob's main competitors?
Emerging players on record are Inter & Co and Nubank. Direct peers are Sicredi and Unicred. Broad incumbents are Caixa Econômica Federal, Santander Brasil, Bradesco, Itaú Unibanco and Banco do Brasil. Banco Pan is listed as a regional player.
Does Bancoob have an API?
No public API is recorded for Bancoob.
What industry is Bancoob in?
Bancoob's product category is Cooperative Banking. Its primary akta.pro industry code is FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail), with a secondary code of FSABAEAL, Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops). Its NAICS code is 5221 and its SIC code is 6029.