Squid

What Squid does

Squid (legal entity Squid Sociedade de Crédito Direto S.A., headquartered in Caxias do Sul, Rio Grande do Sul, Brazil) is a Brazilian fintech operating a digital financial ecosystem for small and medium enterprises (SMEs), micro-entrepreneurs (MEIs), and autonomous professionals. Originally founded in 2016 as DLR Capital around receivables anticipation, the company expanded into FIDC structuring (2018), sub-acquiring via proprietary card terminals (2019), and rebranded to Squid Soluções Financeiras in 2020 with the launch of the Conta Squid digital account, positioning itself as the first Brazilian fintech offering a complete financial ecosystem. The company is authorized by the Banco Central do Brasil as a Sociedade de Crédito Direto and is regulated by the CVM, with a group structure comprising Squid Securitizadora S/A (securitization), Squid Serviços Financeiros Ltda., Squid Meios de Pagamento Ltda. (payments), and Squid Gestão de Crédito e Consultoria Empresarial Ltda.

The product architecture centers on a mobile-first digital banking platform (iOS/Android apps and web) with an underlying API-integrated payment account system. The core Conta Squid serves individuals and legal entities with PIX, TED, boleto, and digital card functionality. Around this core, Squid bundles integrated modules: Conta Empresarial (business account with ERP integration), Máquina de Cartão (GERTEC gpos770 card terminal supporting credit, debit, PIX, and contactless), Antecipação de Recebíveis (receivables anticipation on card sales, invoices, and promissory notes), FIDC Empresário (Credit Rights Investment Fund structuring with tax optimization), Locações de Maquinários (equipment leasing up to 72 months across agriculture, medical, IT, construction, industrial), Seguros (business insurance distribution), Investimentos, Conta Vinculada (escrow), and Gestão de Cobranças (collection management with CNAB 240 reconciliation). Security infrastructure includes LGPD-compliant facial recognition and anti-fraud systems at onboarding and transaction monitoring.

Commercially, Squid operates a hybrid go-to-market combining digital self-serve account opening (under 24 hours), WhatsApp inside-sales, blog/SEO top-of-funnel acquisition, and specialist-assisted consultative sales for mid-market and enterprise deployments across all Brazilian states. Revenue is generated through tiered monthly subscription packages (Basic R$ 399–R$ 899, Premium R$ 699–R$ 1,099, scaled by client revenue), per-transaction fees on PIX, TED, and boleto, spreads on receivables anticipation, merchant acquiring (subadquirência) fees, FIDC management and advisory fees, equipment rental income, and insurance referral commissions. Operational scale as disclosed includes 35,000+ credit operations completed, R$ 250M+ in net equity (patrimônio líquido), and R$ 25B+ in total volume moved through the platform.

Name

Squid

Legal name

Squid Sociedade de Crédito Direto S.A.

Website

https://squidconta.com.br

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Squid is a Brazilian fintech (Sociedade de Crédito Direto, regulated by Banco Central do Brasil) offering a digital financial ecosystem — business accounts, card acquiring, receivables anticipation, FIDC structuring, equipment leasing, insurance, and escrow — primarily to SMEs, MEIs, and entrepreneurs across Brazil via mobile app, web, and specialist-assisted sales.

Ownership category

akta.pro rank

Product category

Digital Business Banking

NAICS

Nondepository Credit Intermediation (5222)

SIC

Finance Services (6199)

akta.pro primary industry

Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)

akta.pro secondary industries

Merchant Cash Advance (MCA) Marketplaces (FSAKAHAI), Merchant Cash Advance & Payment-linked Lending (CRAFALAK), Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK)

Keywords

• Digital business banking
• Receivables anticipation
• Payment processing services
• Merchant acquiring solutions
• Escrow payment accounts

Headquarters

HQ city

Caxias Do Sul

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Business Account & Transaction Fees: Monthly subscription packages (Basic and Premium) for business accounts, with tiered pricing based on revenue brackets. Additional fees for PIX payments, TED transfers, and boleto issuance. Account opening is free.
2. Receivable Anticipation (Antecipação de Recebíveis): Revenue generated from fees charged when companies convert future receivables (credit card sales, invoices, promissory notes) into immediate cash. The company purchases the right to receive these payments at a discount.
3. Card Payment Processing (Subadquirência): Revenue from merchant acquiring services via the Squid card terminal, charging transaction fees on credit and debit card payments processed for merchants.
4. FIDC Management & Securitization: Revenue from structuring and managing Fundo de Investimento em Direitos Creditórios (FIDC) for business clients, generating advisory and management fees while offering tax optimization benefits.
5. Equipment Rental (Locação de Maquinários): Revenue from equipment and machinery leasing to businesses across sectors (agriculture, medical, IT, construction, industrial), with fixed monthly payments over contract terms of up to 72 months.
6. Business Insurance Distribution: Revenue from facilitating insurance products (logistics, financial risk, property, benefits) through partnerships with insurance providers, earning commissions on policies sold.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Squid operates an integrated digital financial ecosystem for Brazilian SMEs, MEIs, and entrepreneurs, offering a digital payment account (Conta Squid) as the central hub alongside card acquiring (GERTEC gpos770 terminals), receivables anticipation, FIDC structuring, escrow/vinculada accounts, equipment leasing, insurance distribution, and investment products. The platform enables fully digital account opening in under 24 hours and serves customers nationwide across Brazil.

Product overview

Squid is a Brazilian fintech offering a complete financial ecosystem through a modular platform-plus-services architecture. The core product is the Conta Squid digital payment account (available for individuals and businesses), which serves as the central hub. Around this core, the company offers integrated add-on modules including: Conta Empresarial (business account), Máquina de Cartão (card payment terminal), Antecipação de Recebíveis (receivables financing), FIDC Empresário (investment fund structure), Locações de Maquinários (equipment rental), Seguros (business insurance), Investimentos (investment products), Conta Vinculada/Escrow (escrow account), and Gestão de Cobranças (collection management). The platform is positioned as a complete financial solutions provider for MEIs, small and medium businesses, with both digital and personalized consulting services.

Differentiator

Problem solved

Functional benefit

Products and services

• Conta Squid Digital payment account for individuals and businesses offering simplified financial management with PIX, TED, boleto payments, digital card, and integrated ERP connectivity.
• Conta Empresarial Business account designed for company needs, offering integrated financial management, facilitated collections (boletos, split payments, recurrence), fast payments (enterprise PIX, 24/7 transactions), and ERP integration.
• Máquina de Cartão (Card Payment Terminal) Card payment terminal (GERTEC gpos770 model) accepting credit, debit, PIX, and digital wallets with touchscreen interface, receipt printing, and real-time sales tracking via companion app.
• Antecipação de Recebíveis (Receivables Anticipation) Receivables advance service that converts installment sales into immediate capital, improving cash flow and providing liquidity for operations and investments.
• FIDC Empresário Credit Rights Investment Fund solution for companies seeking expansion without sacrificing autonomy. Provides tax optimization and improved cash flow through exclusive fund creation.
• Locações de Maquinários (Equipment Rental) Equipment rental service covering agricultural machinery, medical equipment, IT equipment, construction, and industrial machinery. Offers preservation of capital, flexible technology upgrades, and damage protection with fixed monthly payments over contract terms of up to 72 months.
• Seguros (Business Insurance Distribution) Business insurance solutions including logistics, financial risk, property, and employee benefits, distributed through partnerships with insurance providers.
• Investimentos (Investment Products) Investment products for short and long-term financial goals, personalized for business needs.
• Conta Vinculada (Escrow Account) Escrow account providing security and transparency for financial transactions. Used for construction, technology, and commerce sectors to separate resources by project and prevent fraud.
• Gestão de Cobranças (Collection Management) Collection management solutions including individual and batch boleto issuance, automated reconciliation file integration, ERP integration, specialized support, and error reduction.

Quantifiable outcome

• 35,000+ credit operations completed
• +4 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• GERTECcoreTechnology or IntegrationSquid uses GERTEC's gpos770 card terminal hardware for its merchant acquiring (subadquirência) services. The terminal features touchscreen display, receipt printing, and supports contactless, credit, debit, and PIX payments.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Granito: Brazilian sub-acquirer and digital banking platform for SMEs offering card machines, digital accounts, and receivables solutions. Direct competitor in Squid's sub-acquiring/payments niche.
• PJBank: Brazilian fintech offering digital accounts, payment processing, and credit solutions specifically for SMEs and MEIs. Closely comparable to Squid in target customer and product scope.
• Conta Azul: Brazilian fintech offering financial management, banking, and credit solutions for small businesses. Competes with Squid in serving SMEs with integrated financial management and banking products.
• Cora: Brazilian digital business banking platform targeting SMEs and MEIs with digital accounts, payment processing, and credit solutions. Most direct competitor to Squid in the SME-focused digital banking niche.

Broad incumbents

• PagSeguro: Brazilian fintech offering payment acquiring, digital accounts, and credit solutions to SMEs and merchants. Directly comparable to Squid's card terminal and merchant services offerings.
• Inter & Co: Brazilian digital bank offering business accounts, payments, credit, and investments to individuals and SMEs. Competes with Squid across the digital banking stack but at much greater scale and capitalization.
• SumUp: Global card-reader and payment platform with Brazilian operations. Competes with Squid's Maquininha product in SME card acceptance, though with broader geographic reach.
• C6 Bank: Brazilian digital bank serving individuals and businesses with accounts, cards, payments, and credit. Broad incumbent in the same digital banking space Squid occupies, though with significantly larger customer base.
• Stone Co. Brazilian payments and banking platform combining acquiring, digital accounts, and credit for SMBs. Overlaps with Squid's sub-acquiring and receivables products via its integrated SMB financial ecosystem.
• Banco BS2: Brazilian commercial bank focused on digital banking services for businesses, including accounts, payments, and credit. Comparable to Squid's B2B banking proposition but as a regulated incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Squid_conta
• LinkedInlinkedin.com/company/squidconta

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

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 Squid