What Eleven Financial Research does

Eleven Financial Research is a Brazilian independent financial research and analysis house founded in 2015 and headquartered in São Paulo, operating as a brand under the diversified financial group Suno S.A. The company is registered with Brazil's securities regulator (CVM) as an Independent Research Provider (IRP) under Resolution 20/2021, and it sells proprietary analysis and investment recommendations to institutional and B2B clients — primarily major Brazilian banks, asset managers, and institutional investors — across all major asset classes including the domestic economy, fixed income, real estate funds, tactical recommendations, and global equities.

The core technology is a proprietary portal (portal.elevenfinancial.com) that delivers content — written reports, audio, and video — to contracted institutional users, complemented by the RiskBank sub-brand (riskbank.com.br) for bank risk classification. The product portfolio comprises five lines: Access Pro (full B2B/institutional platform subscription), Custom (bespoke research), RiskBank (bank risk assessment), Special Projects (institutional consulting), and Events (conferences). Distribution is enterprise-led through a dedicated commercial team, with content delivered via the portal and email; pricing is quote-based, with monthly Access Pro subscriptions and multi-year Custom and Special Projects contracts. Marketing reach extends across LinkedIn, YouTube, Twitter/X, Instagram, Facebook, and Telegram.

Eleven generates revenue through recurring subscription and multi-year contract fees on a quote-based model for institutional clients. The firm is recognized for analyst quality, having won the APIMEC IBRI Award for best independent research firm in Brazil for 3 consecutive years and the international StarMine Analyst Awards (Refinitiv). Eleven maintains offices in São Paulo (two locations) and Rio de Janeiro, and operates with 51-100 employees under the corporate umbrella of Suno S.A.

Name

Eleven Financial Research

Legal name

Suno S.A.

Website

https://elevenfinancial.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Eleven Financial Research is a Brazil-based independent financial research house (CVM-registered IRP) founded in 2015, selling proprietary multi-asset-class analysis and the RiskBank risk-classification product to institutional investors and B2B clients via its portal and multi-year contracts.

Ownership category

akta.pro rank

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Subscription Access: Eleven offers specialized and personalized products for institutional and B2B clients. Access Pro provides full platform access to financial analysis, economic coverage, fixed income, real estate funds, and global equities. The platform is accessible via subscription with automatic renewal.
2. Customized Solutions: Custom and Special Projects products offered on a standard or customized basis for institutional clients with specific research needs.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Eleven Financial Research is an independent financial analysis house registered with CVM as an Independent Research Provider (IRP) under Resolution 20/2021, delivering proprietary research, analysis, opinions, and investment strategies across all asset classes (economy, fixed income, real estate funds, tactical recommendations, and global equities) to institutional and B2B clients in Brazil and globally. The company operates its own platform (Portal Eleven / Access Pro) and offers specialized products such as RiskBank for bank risk classification, Custom solutions, and Special Projects for tailored institutional research.

Product overview

Eleven Financial is an independent financial analysis firm founded in 2015, offering a comprehensive suite of specialized products and personalized services for institutional and B2B clients. The product portfolio centers around Access Pro as the core platform providing full access to proprietary analysis, complemented by specialized modules including RiskBank for Brazilian bank risk classification, Custom solutions for tailored institutional research, Projetos Especiais for bespoke special projects, and Eventos for industry events. The company covers all asset classes including Economy, Fixed Income, Real Estate Funds, Eleven Thesis and Analysis, Tactical Recommendations, and Global Equities, delivered through its proprietary Portal Eleven platform.

Differentiator

Problem solved

Functional benefit

Brands

• RiskBank: Bank risk classification consolidated service focused on evaluating the financial health of institutions in Brazil.

Products and services

• Access Pro A B2B/institutional subscription platform providing full access to Eleven's comprehensive financial analysis services, covering all asset classes including economy, fixed income, real estate funds, Eleven theses and analyses, tactical recommendations, and global equities.
• RiskBank A consolidated bank risk classification service focused on evaluating the financial health of Brazilian financial institutions, providing risk assessment and health metrics for banks operating in Brazil.
• Custom Customized analytical solutions tailored to specific institutional client needs, offering personalized research and analysis services beyond the standard Access Pro offering.
• Projetos Especiais (Special Projects) Custom special project offerings designed for institutional clients, providing bespoke analytical research and consulting services for specific investment research needs.
• Eventos (Events) Events services for B2B and institutional audiences, providing access to conferences, seminars, and networking opportunities within the financial analysis community.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Suno GroupcoreStrategic or Co-development Partner · 1 January 2015Eleven Financial is a brand owned by Suno S.A., part of the Suno Group which includes Suno Gestora de Recursos Ltda. and Suno Desenvolvimento de Índices e Tecnologia Ltda. The partnership provides institutional backing and synergies with financial education and asset management operations.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Customer concentration

• Xx.com/elevenfinancial
• YouTubeyoutube.com/channel/UCIO2nU2BrPVzwnRGhxXKB6g
• Facebookfacebook.com/elevenfinancial
• LinkedInlinkedin.com/company/eleven-financial-research
• Instagraminstagram.com/eleven.financial

Revenue estimate

Valuation estimate

Number of profiles

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 Eleven Financial Research