Sabesprev

What Sabesprev does

Sabesprev (Fundação Sabesp de Seguridade Social) is a closed complementary pension entity (Entidade Fechada de Previdência Complementar, EFPC) founded on February 20, 1991, and headquartered on Av. Paulista in São Paulo, Brazil. The entity administers supplementary pension plans on behalf of employees, retirees, and pensioners of its sponsor, Companhia de Saneamento Básico do Estado de São Paulo (Sabesp), a state-owned sanitation utility serving 28.4 million people across 375 municipalities. Sabesprev manages four core pension plans — the Plano Básico BD (closed to new adhesions, defined benefit), Plano Sabesprev Mais CD (defined contribution with employer match, closed for new enrollments in 2010), Plano de Reforço CD (individual reserves, no sponsor contributions, launched 1998), and the Plano Família Sabesprev (an open pension plan launched November 2022 available to any Brazilian with an active CPF). The technical platform covers actuarial calculations, individual account management, and investment management governed by CMN and BACEN regulations under PREVIC supervision.

The business model is built on recurring monthly contributions from participants and sponsors, supplemented by personal loan interest income (post-fixed rates tied to INPC, with limits up to 6x participation salary and terms up to 96 months) and insurance brokerage commissions via partner Corretora de Seguros Vila Velha. Sabesprev serves over 21,000 participants with more than R$ 4 billion in assets under management and has reported over 300% cumulative return above its actuarial target. Distribution combines enterprise channels (payroll deduction through Sabesp, restricted participant portal) with consumer-facing digital channels (self-serve adhesion portal, Android and iOS apps, WhatsApp channel). Additional revenue-adjacent offerings include the Vida Plena retirement preparation program, the Faça por Você financial education platform, and the PreviPapo podcast.

The entity is governed as a nonprofit foundation under Brazilian private law, with administrative and financial autonomy, a Deliberative Council, Fiscal Council, and Executive Board — the latter recognized with the 2026 ICSS 'Diretoria 100% Certificada' governance seal. Sabesprev holds no subsidiaries, has no public shareholders, and operates exclusively in Brazil with no disclosed AI/ML capabilities or external funding rounds; growth is funded entirely through retained contributions and investment returns.

Name

Sabesprev

Legal name

Fundação Sabesp de Seguridade Social

Website

https://sabesprev.com.br

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Sabesprev is a Brazilian closed complementary pension foundation, founded 1991, administering BD and CD pension plans plus personal loans for 21,000+ participants of sponsor Sabesp and, since 2022, the broader Brazilian public.

Ownership category

akta.pro rank

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Pension Plan Contributions: Monthly contributions from participants and sponsors (Patrocinadora) fund the pension plans. Contribution types include Basic, Normal (sponsor match), Supplementary, Sporadic, and Risk contributions, allocated to individual or collective accounts depending on the plan type.
2. Personal Loans to Participants: Sabesprev extends personal loans to plan participants and assisteds (retirees/pensioners), with interest rates (post-fixed), credit limits based on salary multiples and contribution balances, and processing via the restricted participant portal.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Sabesprev (Fundação Sabesp de Seguridade Social) is a closed complementary pension entity (Entidade Fechada de Previdência Complementar) that administers defined benefit (BD) and defined contribution (CD) pension plans for Sabesp employees and their families, while also offering an open pension plan (Família Sabesprev) to any Brazilian with an active CPF. The entity additionally provides personal loans to participants and runs financial education and retirement preparation programs, managing over R$ 4 billion in assets for more than 21,000 participants.

Product overview

Sabesprev is a closed supplementary pension entity (Entidade Fechada de Previdência Complementar) offering a portfolio of pension and financial products. The core portfolio consists of four main pension plans: Plano Família Sabesprev (open to any CPF holder), Plano Sabesprev Mais CD, Plano de Benefícios Básico BD, and Plano de Reforço CD. These are supplemented by a personal loan program, insurance products through a third-party partnership, and educational programs including the Vida Plena retirement preparation program, Faça por Você financial education platform, and PreviPapo podcast. The entity serves over 21,000 participants with more than R$4 billion in assets under management.

Differentiator

Problem solved

Functional benefit

Brands

• Família Sabesprev: Open pension plan launched in November 2022, available to any person with an active CPF in Brazil, offering retirement savings with flexible contributions starting at R$ 50 monthly.
• PreviPapo
• Faça por Você
• Vida Plena

Products and services

• Plano Família Sabesprev Open supplementary pension plan available to any Brazilian with an active CPF. Offers full investment returns to participants, tax benefits up to 12% of gross income, estate planning without probate, and flexible contributions starting at R$50/month.
• Plano Sabesprev Mais (CD) Defined Contribution pension plan with employer matching contributions equal to the participant's basic contribution. Offers benefits including normal retirement, death pension, anticipated retirement, and disability retirement for Sabesp employees.
• Plano de Benefícios Básico (BD) Defined Benefit pension plan providing lifelong monthly income supplementary to INSS benefits, with eligibility requirements including 60 years of age and 15 years of credited service. Contributions are paid 13 times per year by participants and sponsors.
• Plano de Reforço (CD) Defined Contribution pension plan without employer contributions. Features individual reserves, voluntary sporadic contributions, and benefits including programmed retirement, disability benefits, and death pension. Normal contribution from 1% of Participation Salary.
• Programa de Empréstimo Pessoal Personal loan program for plan participants and assisted retirees/pensioners with post-fixed interest rates (INPC-linked), credit limits up to 6x Participation Salary or Benefit Supplementary, maximum term of 96 months, and processing time of up to 3 business days.

Quantifiable outcome

• More than 300% cumulative return above the actuarial target (meta atuarial)
• +3 more outcomes

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

Partnerships

Five partnerships are on record, tiered minor and core.

• Paulista Geradora de Energia S.A.minorStrategic or Co-development Partner · 1 January 2015Energy generation company created by Sabesp in 2015, representing Sabesp's expansion into the electricity sector.
• Corretora de Seguros Vila VelhaminorChannel Partner/ Reseller/ DistributorInsurance broker partnership offering special conditions on insurance products, consortiums, and related services to Sabesprev participants through the Vila Velha platform.
• Sabesp (Companhia de Saneamento Básico do Estado de São Paulo)coreStrategic or Co-development PartnerSabesp is the sponsor (Patrocinadora) and founding entity of Sabesprev, established in 1973 as a mixed-economy company. It is one of the world's largest sanitation operators, serving 375 municipalities and 28.4 million people with water in São Paulo state. Sabesp is also the employer sponsor of Sabesprev's core participant base. For the 2022-2026 period, Sabesp plans to invest approximately R$ 23.8 billion in sanitation infrastructure.
• Aquapolo AmbientalminorStrategic or Co-development PartnerJoint venture in which Sabesp is a partner, producing, supplying, and commercializing water of reuse from wastewater treatment, supplying the Polo Petroquímico de Capuava.
• Attend AmbientalminorStrategic or Co-development PartnerSabesp holds a stake in Attend Ambiental, a company operating in the non-domestic wastewater segment.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bradesco Vida e Previdência: Open pension and life insurance arm of Bradesco. Comparable as an incumbent competitor to Família Sabesprev with large distribution network and established product portfolio.
• Brasilprev: One of Brazil's largest open pension providers (Banco do Brasil + Principal JV). Comparable as a competitor to Família Sabesprev in the open PGBL/VGBL market, with vastly larger distribution scale and brand.
• Itaú Unibanco (Previdência): Major Brazilian bank's open pension division. Comparable as a competitor in the open supplementary pension market with extensive distribution, product breadth, and brand recognition.

Direct peers

• Fapes (Fundação de Assistência e Previdência Social do BNDES): Closed pension entity of BNDES. Directly comparable as a sponsor-dependent EFPC serving a major Brazilian development bank with BD and CD plans under PREVIC supervision.
• Previ (Caixa de Previdência dos Funcionários do Banco do Brasil): Brazil's largest closed pension entity, sponsored by Banco do Brasil. Directly comparable as a multi-plan EFPC managing BD and CD plans for a major state/mixed-economy sponsor with analogous governance, regulatory, and actuarial structures.
• Petros (Fundação Petrobras de Seguridade Social): Closed pension entity of Petrobras, one of Brazil's largest EFPCs. Highly comparable as a sponsor-dependent foundation administering BD and CD plans with similar regulatory exposure to PREVIC and similar participant scale.
• Postalis (Instituto de Previdência Complementar dos Correios): Closed pension entity of Correios (Brazilian postal service). Comparable EFPC structure with similar sponsor-relationship dynamics and regulatory framework, though currently in restructuring.
• Valia (Fundação Vale do Rio Doce de Seguridade Social): Closed pension entity of Vale. Comparable EFPC structure managing BD and CD plans for a major Brazilian corporation with similar governance model and PREVIC oversight.
• Real Grandeza (Fundação de Previdência e Assistência Social): Closed pension entity linked to Furnas/Eletrobras group. Comparable EFPC serving employees of a state-sponsored energy company with similar plan structure and regulatory positioning.
• Funcef (Fundação dos Economiários Federais): Closed pension entity of Caixa Econômica Federal. Directly comparable EFPC structure serving employees of a major Brazilian public financial institution with similar BD/CD plan mix and regulatory framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLNzcj6ZFzh91QRNIAZaX40Q_EhU-7ukbj
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/sabesprev

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 Sabesprev