banricoop

What banricoop does

Banricoop was a Brazilian credit cooperative (cooperativa de crédito singular) founded to serve its members, originally established as the credit union of Banrisul's employees and retirees. The cooperative offered worker credit, payroll-linked credit (crédito consignado), personal credit, and investment products to its individual members (cooperados), who simultaneously acted as owners participating in governance and receiving annual distributions of surplus (sobras).

In 2025–2026, Banricoop was formally incorporated into COOPERFORTE, another Brazilian singular credit cooperative, in a strategic consolidation move driven by increasing operational and regulatory complexity in the Brazilian financial sector. The combined entity operates as a 100% digital cooperative with national reach, supported by the App COOPERFORTE mobile banking platform (available on iOS and Android) and a self-service web portal, alongside a physical service point maintained in Porto Alegre, Rio Grande do Sul. The unified platform manages R$ 3.6 billion in total assets for more than 170,000 members and has distributed over R$ 1.7 billion in sobras to members across its 40+ year operating history.

As a member-owned cooperative, Banricoop/COOPERFORTE does not pursue profit maximization; surplus is returned to members rather than retained. The cooperative is regulated by Banco Central do Brasil, holds independent ratings from Moody's and Austin Ratings, and supplements its commercial activity with the Instituto Cooperforte foundation, which has impacted over 30,000 people directly through socioeconomic training and inclusion programs over 23 years.

Name

banricoop

Legal name

COOPERFORTE

Website

https://banricoop.coop.br

Company type

Private

Founded year

1985

Operating status

Acquired

Headcount range

11–50 employees

Short description

Banricoop was a Brazilian credit cooperative serving individual members with credit and investment products; it was incorporated into COOPERFORTE in 2025–2026, forming a 170,000-member, R$ 3.6 billion-asset digital cooperative operating nationally.

Ownership category

akta.pro rank

Product category

Credit Union Services

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Credit union services
• Cooperative banking
• Payroll loan products
• Personal credit lending
• Member investment services

Headquarters

HQ city

Porto Alegre

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

Revenue model

1. Financial Services Revenue: Revenue generated from credit products (worker credit, payroll loans, personal loans), investment products, and other financial services offered to cooperative members. As a credit cooperative, profits (sobras) are distributed back to members rather than retained.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

Banricoop is a Brazilian credit cooperative (now merged into COOPERFORTE) that provides member-owned financial services including worker credit, payroll-deducted credit (crédito consignado), personal credit (crédito pessoal), and investment products, delivered through the App COOPERFORTE mobile platform and supported by a self-service web portal and physical service points. Members are simultaneously owners of the cooperative and receive annual surplus distributions (sobras) based on participation.

Product overview

Banricoop has been incorporated into COOPERFORTE, one of Brazil's largest singular credit cooperatives with over 170,000 members and R$ 3.6 billion in assets. The unified Cooperforte platform offers a mobile app providing access to worker credit, payroll-linked credit, personal credit, investments, and exclusive member benefits. The company maintains 40+ years of operational history with national reach and digital-first service delivery, while also supporting socioeconomic development through its associated Instituto Cooperforte foundation.

Differentiator

Problem solved

Functional benefit

Products and services

• App COOPERFORTE Mobile banking application serving as the primary digital platform for members of the merged COOPERFORTE entity, enabling account access, contract management, financial product applications, and autonomous financial service management. Available on iOS and Android with QR code download capability and CPF-based authentication.
• Crédito do Trabalhador (Worker Credit) Worker credit product available to members following the Banricoop-COOPERFORTE merger, offering employment-linked lending solutions for individual cooperados.
• Crédito Consignado (Payroll-Deducted Credit) Payroll-deducted credit product with fixed repayment terms deducted directly from the member's salary or pension, available to qualifying cooperados.
• Crédito Pessoal (Personal Credit) Personal credit facility available to qualifying members, with rates and terms as agreed at the time of contract.
• Investimentos (Investments) Investment solutions offered through COOPERFORTE, with funds processed same-day for requests made before 3 PM (next business day thereafter).

Quantifiable outcome

• R$ 1.7 billion+ distributed to members over history through results (sobras) sharing

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Banrisul: The state-owned bank of Rio Grande do Sul whose employees and retirees form Banricoop's historical membership base. Comparable as the originating employer/institutional sponsor and as a broader incumbent bank operating across deposit-taking, lending, and consumer banking.
• Banco do Brasil: One of Brazil's largest federal commercial banks offering full retail banking, payroll-linked credit, and consumer lending. Broad incumbent competing directly against the cooperative for payroll-deducted credit and consumer deposits.
• Itaú Unibanco: Brazil's largest private commercial bank, dominant in payroll-linked credit (crédito consignado) and personal lending. Comparable as a broad retail and consumer-finance incumbent whose core payroll-credit products directly overlap with Banricoop's crédito consignado offering.
• Caixa Econômica Federal: Brazilian federal savings institution heavily active in consumer credit, payroll-deducted loans (crédito consignado), and housing finance. Comparable as a broad federally-chartered depository institution competing for similar retail credit and deposit products.

Direct peers

• Sicoob: Brazilian credit cooperative system providing depository and lending services to individual and business members nationwide. Directly comparable as a competing member-owned cooperative banking platform with broad product portfolio and member-shareholder structure.
• Cresol: Brazilian credit cooperative system with a strong rural and agricultural cooperative focus. Comparable as a member-owned cooperative lender serving defined membership groups with similar depository and credit intermediation activities.
• Sicredi: One of Brazil's largest credit cooperative systems, operating a member-owned cooperative banking model serving individual members and businesses. Highly comparable as a direct cooperative-banking competitor with national scale and similar member-owned value proposition.
• Unicred: Brazilian singular credit cooperative serving professionals (notably healthcare and liberal professions). Directly comparable cooperative-banking model targeting defined member groups with similar credit union governance and sobras-distribution model.

Emerging players

• Banco Inter: Brazilian digital super-app bank combining checking, credit, investments, and commerce. Comparable as a digital-first Brazilian consumer finance platform pursuing similar self-service, mobile-led member/customer acquisition strategy.
• Nubank: Brazil's largest digital-first bank, offering credit cards, personal loans, and deposits via mobile app. Comparable as a mobile-first consumer credit and deposit challenger targeting the same Brazilian retail digital consumer with similar product-led growth motion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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 banricoop