FUCAC

Cooperative Bankingfucac.com.uy

Company typePrivate
Founded1972
HeadquartersMontevideo, Uruguay
Headcount51–100
GTM typeB2C
OfferingServices

FUCAC firmographics

Firmographics

Name: FUCAC
Legal name: FUCAC
Website: https://fucac.com.uy
Company type: Private
Founded year: 1972
Operating status: Operating
Headcount range: 51–100 employees
Ownership category
akta.pro rank

FUCAC industry classification

Industry

Product category: Cooperative Banking
NAICS: Consumer Lending (522291), Credit Card Issuing (52221), Credit Unions (522130)
SIC: Personal Credit Institutions (6141), Savings Institution, Federally Chartered (6035)
akta.pro industry: PRIMARYFSABAEAC
Community Development Credit Unions (CDCUs)
Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

Cooperative banking services
Personal credit products
Consumer lending
Savings cooperative
Credit card services

Where FUCAC is headquartered

Location

Headquarters

HQ city: Montevideo
HQ country: Uruguay
HQ region: Latin America

Offices1 record

Markets served

FUCAC business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

Personal Loans (Créditos Personales): Short-term personal loans with low interest rates, positioned as the company's flagship product
Credit Card (Tarjeta de Crédito): VISA credit card offered free of charge, generating interchange and transaction fees
Insurance (Seguros): Insurance products offered as part of the product portfolio

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

FUCAC product offering

Product offering

Core offering

FUCAC is a Uruguayan saving and credit cooperative operating under the "Verde" brand. It provides consumer financial products including personal loans (Créditos Personales), a free VISA credit card (Tarjeta de Crédito), and insurance (Seguros), delivered through a mobile app, the "Verde en Línea" online banking platform, physical branch offices, phone, and WhatsApp support channels.

Product overview

Verde (FUCAC) is a social banking institution that operates for people rather than profit or speculation, owned 100% by the people. The company offers a unified portfolio of financial products including personal loans (Créditos Personales), VISA credit cards (Tarjeta de Crédito), and insurance (Seguros), all accessible through its digital channels: the online banking platform (Verde en Línea) and mobile applications.

Differentiator

Problem solved

Functional benefit

Brands

Verde en Línea: Online banking platform for customers
Fundación Verde

Products and services

Créditos Personales

Companies that use FUCAC

Customer profile

Segments1 record

Ideal customer profiles1 record

FUCAC technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

FUCAC partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

FUCAC competitors and assessment

Company assessment

Broad incumbents

Santander Uruguay: Global commercial bank with full Uruguay presence, competing directly in personal loans, credit cards, and consumer insurance with FUCAC. Significantly larger scale and brand.
Banco República (BROU): Uruguay's state-owned commercial bank and the country's largest financial institution. Competes with FUCAC across consumer lending, deposits, and cards, but with significantly broader scale and product portfolio.
BBVA Uruguay: Multinational bank with consumer lending and card products in Uruguay. Comparable on personal loan and credit card offerings but operates at much larger scale.
Itaú Uruguay: Major private commercial bank in Uruguay offering consumer loans, credit cards, and insurance. Overlaps with FUCAC's product set but serves a broader mass-market and affluent segment at national scale.
Scotiabank Uruguay: International commercial bank offering consumer credit, cards, and insurance in Uruguay. Competes with FUCAC for similar personal lending and card customers but with materially broader product portfolio and geographic footprint.
HSBC Uruguay: Global bank with consumer and card operations in Uruguay, overlapping with FUCAC's mass-market personal lending segment but serving a different customer profile at international scale.

Emerging players

Mercado Pago: LATAM fintech providing consumer credit, cards, and payments via mobile app. Comparable to FUCAC on accessible digital consumer credit and low-fee positioning, with growing Uruguay footprint.
Kueski: Mexican digital consumer lender offering short-term personal loans via mobile and web. Comparable to FUCAC on online personal loan product, instant approval, and underbanked-consumer focus, though operating in a different LATAM market.
NuBank: LATAM-leading digital bank offering no-fee credit cards and personal loans through a mobile-first experience. Comparable to FUCAC on consumer credit and free card positioning, but operating at vastly larger scale and increasingly entering Uruguay.

Direct peers

COFAC (Cooperativa de Ahorro y Crédito): Uruguayan cooperative financial institution offering personal loans, credit, and savings products to members. Closely comparable to FUCAC as a domestic cooperative peer competing for the same member-owned consumer credit segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

FUCAC financial estimates

Financial estimate

Revenue estimate

Valuation estimate

FUCAC leadership team

Management profile

Number of profiles

FUCAC funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

FUCAC M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FUCAC

What does FUCAC do?

Is FUCAC a public or private company?

FUCAC is a private company. It is classified as management employee owned and is currently operating.

When was FUCAC founded?

FUCAC was founded in 1972. It employs 51 to 100 people.

Where is FUCAC based?

FUCAC is headquartered in Montevideo, Uruguay, in the Latin America region.

How does FUCAC make money?

Three revenue lines are on record. Personal Loans (Créditos Personales) is the primary driver. The others are credit Card (Tarjeta de Crédito) and insurance (Seguros).

Who are FUCAC's main competitors?

Broad incumbents on record are Santander Uruguay, Banco República (BROU), BBVA Uruguay, Itaú Uruguay, Scotiabank Uruguay and HSBC Uruguay. Emerging players are Mercado Pago, Kueski and NuBank. COFAC (Cooperativa de Ahorro y Crédito) is listed as a direct peer.

Does FUCAC have an API?

No public API is recorded for FUCAC.

What industry is FUCAC in?

FUCAC's product category is Cooperative Banking. Its primary akta.pro industry code is FSABAEAC, Community Development Credit Unions (CDCUs). Its NAICS code is 522291 and its SIC code is 6141.