What DUO Digital Financial Services Technology does

DUO Digital Financial Services Technology (legal name: Duo Digital Tecnologia em Serviços Financeiros LTDA, CNPJ 43.177.044/0001-02) is a Brazilian fintech founded in 2020 and headquartered in Cerqueira César, Brazil. It operates as a Correspondente Cambial licensed by the Banco Central do Brasil, providing international remittance and foreign exchange services to two distinct segments: individual consumers (Pessoa Física) executing cross-border transfers and corporate clients (Pessoa Jurídica) managing import/export and treasury FX operations. The product suite spans core retail products — Enviar Dinheiro, Receber Dinheiro, Cotação, and Conta Global — alongside corporate offerings COMEX (5sCOMEX), Câmbio Investimento, eFX, PIX Internacional, and On-Ramp.

The platform's differentiating technical layer is the COMEX instant auction engine, which aggregates real-time quotations from 3+ partner banks and settles DI-to-SWIFT transfers in under one hour. The technology stack is otherwise described at a functional rather than architectural level: a digital FX platform with transparent spread-based pricing, free pre-transaction simulation, and integrations with multiple bank counterparties. Security posture is formalized through SOC2 Type II and ISO27001 certifications, complemented by ANBIMA CPA10/CPA20 professional credentials.

Revenue is generated on a transaction-fee and spread model across both retail and corporate flows. Distribution is hybrid: product-led growth through the website's free simulation tool drives individual acquisition, while corporate clients are closed via WhatsApp-assisted inside sales. Geographic footprint is presently Brazil-only, with the international ambitions implied by PIX Internacional and Conta Global not yet backed by disclosed foreign regulatory licenses.

Name

DUO Digital Financial Services Technology

Legal name

Duo Digital Tecnologia em Serviços Financeiros LTDA

Website

https://duodigital.us

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Currency Exchange & Cross-Border Remittance Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), P2P Transfers & Remittances Platforms (BPAMAFAE), FX Electronic Trading Platforms (Spot/Forwards/Swaps) (FSAFANAC)

Keywords

• International remittance services
• Currency exchange platform
• Cross-border payments
• Corporate foreign exchange
• Multi-currency accounts

Headquarters

HQ city

Cerqueira César

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. International Remittance Fees: Transaction fees charged on international money transfers for both individual (pessoa física) and corporate (pessoa jurídica) customers. Volume-based revenue from currency exchange spreads.
2. Corporate COMEX Solutions: Customized foreign exchange services for businesses including import/export operations, investment currency, and risk management. Revenue derived from exchange rate spreads and service fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

DUO Digital is a Brazilian currency exchange and international remittance correspondent offering individuals the ability to send and receive money abroad, view real-time FX quotes, and hold multi-currency global accounts, while providing corporate clients with foreign exchange services including COMEX (instant multi-bank auction for import/export DI-to-SWIFT transfers), investment currency, electronic FX trading, and international PIX payments. The platform is licensed as a Correspondente Cambial by Banco Central do Brasil and certified to SOC2 Type II and ISO27001 standards.

Product overview

DUO Digital Financial Services Technology operates as a unified platform offering international remittance and foreign exchange services for both individual consumers (Pessoa Física) and corporate clients (Pessoa Jurídica). The core product suite centers on Enviar Dinheiro (Send Money), Receber Dinheiro (Receive Money), Cotação (Exchange Rate Quotation), and Conta Global (Global Account), complemented by COMEX for corporate foreign exchange with instant bank auction functionality. Additional modules include Câmbio Investimento for investment-focused exchange, eFX for electronic trading, PIX Internacional for cross-border instant payments, and On-Ramp for user onboarding. All services are regulated by Brazil's Central Bank (Banco Central do Brasil) and offered through a correspondent cambial arrangement.

Differentiator

Problem solved

Functional benefit

Brands

• 5sCOMEX: Corporate foreign exchange solution enabling instant auction comparing quotes from 3+ partner banks, with settlement via DI to SWIFT in under 1 hour.
• Câmbio Investimento
• eFX
• PIX Internacional
• On-Ramp

Products and services

• Enviar Dinheiro (Send Money) International remittance service enabling individual Brazilian users to send money abroad with simplified, secure, and transparent foreign exchange operations.
• Receber Dinheiro (Receive Money) Service enabling Brazilian users to receive international money transfers from abroad with real exchange rates and transparent fees.
• Cotação (Currency Quotation) Real-time currency exchange rate quotation and simulation tool allowing users to see actual rates and fees before initiating transactions.
• Conta Global (Global Account) Global account service providing users with multi-currency holdings and international banking capabilities for managing cross-border transactions.
• COMEX (5sCOMEX) Corporate foreign exchange solution offering instant auction functionality comparing rates from 3+ partner banks, enabling businesses to execute DI to SWIFT transfers in under 1 hour with transparent pricing and no hidden IOF fees.
• Câmbio Investimento (Investment Currency) Investment-focused currency exchange service tailored for corporate clients seeking foreign exchange solutions for investment purposes.
• eFX Electronic foreign exchange solution providing automated currency trading capabilities for corporate operations.
• PIX Internacional International payment solution leveraging Brazil's PIX instant payment infrastructure for cross-border transactions.
• On-Ramp Entry point service for onboarding users and businesses onto DUO Digital's international remittance and exchange platform.

Quantifiable outcome

• Settlement time reduced to under 1 hour (DI to SWIFT)
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• 3+ Bank Partners (COMEX)coreTechnology or IntegrationCOMEX platform integrates with 3+ bank partners to provide competitive exchange rate comparison through an instant auction mechanism. Banks provide real-time quotations enabling best rate execution for corporate clients.
• ABRACAMminorOthersMember of ABRACAM (Associação Brasileira de Câmbio), the Brazilian Foreign Exchange Association. Industry association membership providing networking and compliance standards.
• ANBIMAminorOthersProfessional certifications held by staff through ANBIMA (CPA10, CPA20), the Brazilian Financial and Capital Markets Association.

Scale indicators5 records

Recent moves6 records

Broad incumbents

• Banco Inter: Large Brazilian digital bank offering multi-currency accounts, international transfers, and FX to consumers and SMBs — overlaps with DUO across nearly every product line as a much larger incumbent.
• MoneyGram: Established global money-transfer operator with significant Brazil presence — comparable as an incumbent cross-border payments provider, though with a much broader product and channel footprint than DUO.
• C6 Bank: Brazilian digital bank with international accounts and FX capabilities — provides competitive overlap for DUO's individual Conta Global and remittance products from a licensed-banking position.
• Western Union: Global remittance incumbent with broad retail and digital distribution across Brazil — overlaps with DUO's consumer remittance business as a legacy broader-portfolio player rather than a focused digital competitor.
• Travelex: Global currency exchange specialist operating across retail, digital, and B2B FX — comparable to DUO's COMEX/corporate FX and Conta Global offerings as a broader incumbent in the FX category.

Regional players

• BS2: Brazilian digital bank with corporate treasury, FX, and cross-border payment capabilities targeting Brazilian businesses — directly comparable to DUO's COMEX corporate offering from a Brazilian institution perspective.

Direct peers

• Remitly: International digital remittance specialist active across LatAm corridors — competes for the same Brazilian individual send-money customer with transparent pricing and digital onboarding.
• Wise: Global cross-border payments platform with multi-currency accounts and transparent FX pricing — the international reference point for the consumer and SMB cross-border use cases DUO targets in Brazil.
• Remessa Online: Brazilian online FX/remittance specialist serving both individuals and corporate clients with international transfers and currency exchange — competes head-to-head with DUO on transparent pricing for Brazil-outbound remittances and corporate FX.
• Nomad: Brazilian fintech offering multi-currency accounts, international transfers, and cross-border investing to Brazilian individuals and businesses — directly overlaps DUO's Conta Global, Enviar/Receber, and Câmbio Investimento offerings in the same regulatory and customer environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/beduodigital
• LinkedInlinkedin.com/company/duodigitalus

Compliance3 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 DUO Digital Financial Services Technology