What BF Holding does

BF Holding is a privately-held Brazilian holding company founded in 2017 and headquartered in São Paulo that operates at the intersection of institutional financial services and frontier technology. The company structures and governs four wholly-owned subsidiaries: BF Solutions (advisory, financial operation structuring, and custom banking-product architecture for regulated institutions); AI Forge (no-code AI agent platform for omnichannel automation, with vertical suites for finance, healthcare, and legal); Vagga.ai (AI-powered recruitment and ATS); and Cosmo Labs (custom software development, BI, and data-engineering services). Customers include financial institutions, fintechs, and large corporates; named enterprise clients include Natura&Co, Visa, Dock, and Contabilizei. The company positions itself across multiple continents and cites R$2B+ in transactions processed across its ecosystem, though this figure represents transaction volume, not company revenue.

The technical core is AI Forge, a multi-tenant AI agent platform featuring Studio AI (conversational natural-language system generation), multichannel deployment across WhatsApp, Telegram, email, web widgets, and REST APIs, RAG-based knowledge retrieval over internal documents, multi-LLM support via OpenAI, Anthropic, and Google, and an orchestration layer with logging and traceability. Vertical template suites target finance (expense control, collections, cash flow, credit scoring, bank reconciliation with divergence detection), healthcare (Manchester-protocol triage, appointment scheduling, vaccination tracking, mental-health screening, with a claimed 40% no-show reduction), and legal (Brazilian labor-law consulting, severance calculations, LGPD compliance, contract analysis). Underlying banking and financial capabilities include payment-processing infrastructure, credit-issuance architecture, proprietary AI scoring and fraud-detection models, and compliance anchored to Bacen and CVM standards.

BF Holding's revenue model is diversified across four streams: professional services on a custom-quote basis for advisory and structuring (BF Solutions); project-based custom software development with senior engineers (Cosmo Labs); SaaS subscriptions under a freemium model with $5 of included LLM credits on the free tier (AI Forge); and subscription-based AI-powered recruitment (Vagga.ai). Go-to-market is hybrid — enterprise field sales for advisory and custom development targeting financial institutions and large corporates, paired with product-led growth for AI Forge targeting SMBs through self-serve onboarding and a 95+ template marketplace. No external funding rounds, revenue figures, or valuation data have been disclosed in the materials provided, and the holding-company structure remains founder-led, with Fabio Carreiro (Founder; 20+ years in finance, ex-Credicard, Itaú, Original, BLU365) and Tiago Voso (Co-founder; 15+ years, ex-Cielo, Zuum, Itaú) as the institutional backbone.

Name

BF Holding

Legal name

BF Holding

Website

https://bfholding.capital

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

BF Holding is a privately-held Brazilian holding company operating four wholly-owned subsidiaries — BF Solutions (advisory for regulated finance), AI Forge (no-code AI agent platform), Vagga.ai (AI-powered recruitment), and Cosmo Labs (custom software development) — serving financial institutions, fintechs, and large corporates across Latin America.

Ownership category

akta.pro rank

Product category

Financial Technology Software

NAICS

Offices of Bank Holding Companies (551111), All Other Financial Investment Activities (52399)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

HoldCo / Permanent Capital ETA (FSANALAE), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• AI agent platform
• Financial advisory services
• Custom software development
• Banking infrastructure
• Recruitment technology

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Advisory & Financial Structuring: BF Solutions provides financial operation structuring, advisory for regulated institutions, and custom banking product architecture
2. AI Agent Platform (AI Forge): SaaS platform for AI agents with freemium model offering free tier with $5 LLM credits, premium plans for business use
3. Custom Software Development: Cosmo Labs builds custom systems, data panels, and digital platforms for fintechs and complex operations with per-project pricing
4. AI-Powered Recruitment: Vagka.ai provides AI-based recruitment and selection with 100% AI ATS flow

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

BF Holding is a Brazilian holding company that builds and scales financial and technology businesses through wholly-owned subsidiaries. It operates BF Solutions for advisory and structuring of regulated financial products, AI Forge for no-code AI agent automation across WhatsApp, Telegram, email and APIs, Vagga.ai for AI-powered recruitment, and Cosmo Labs for custom software and data engineering. The group combines banking infrastructure engineering with AI and software products to serve financial institutions, fintechs, and large corporates.

Product overview

BF Holding is a financial holding company that operates at the intersection of institutional finance and frontier technology, structured as a platform-plus-subsidiaries architecture. The parent company structures investment theses and provides governance across its portfolio companies: BF Solutions provides advisory and structuring services for regulated financial institutions; Vagga.ai offers AI-powered recruitment and ATS; AI Forge is the flagship no-code AI agent platform with vertical solutions for healthcare, finance, and legal sectors; and Cosmo Labs delivers custom software development and digital transformation services. The ecosystem combines financial engineering with AI technology, serving institutional clients, fintechs, and enterprises across Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• BF Solutions: Advisory and structuring services for financial operations and regulated institutions
• Vagga.ai
• BF AI Forge
• Cosmo Labs

Products and services

• BF Solutions Advisory and structuring services for regulated financial institutions, covering financial operation structuring, regulatory advisory for Bacen and CVM frameworks, and custom banking product architecture.
• AI Forge No-code SaaS platform for building and operating AI agents that connect to WhatsApp, Telegram, email, web widgets and REST APIs. Includes Studio AI for natural language blueprint generation, a template marketplace, RAG knowledge bases, collections, dashboards, intelligent orchestration, and logs with traceability.
• AI Forge Healthcare Solutions Vertical solution bundle of AI agent templates for healthcare providers, including symptom triage with Manchester protocol, appointment scheduling, vaccination tracking, mental health screening, and telemedicine management.
• AI Forge Finance Solutions Vertical solution bundle of AI agent templates for finance operations, covering expense control, automated collections, real-time cash flow, credit analysis with scoring, investment portfolio management, and bank reconciliation with divergence detection.
• AI Forge Legal Solutions Vertical solution bundle of AI agent templates for law firms and legal departments, covering labor law consulting with severance calculations, court case management, contract lifecycle management, corporate governance, LGPD compliance, document analysis, and due diligence.
• Vagga.ai Recruitment and selection platform with a 100% AI-powered Applicant Tracking System, automating talent management end-to-end for employers.
• Cosmo Labs Custom software development, data panels, and digital platform engineering for fintechs and complex operations. Engagements are selective, with senior engineers delivering tailor-made software, data visualization, AI automation, data engineering, product design, and infrastructure deployment on a weekly delivery cadence.

Quantifiable outcome

• Reduces no-shows in healthcare by up to 40%
• +1 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability10 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core.

• Banco MastercoreStrategic or Co-development PartnerJoint venture partner with regulated financial institutions that amplifies origination and distribution capacity. Strategic partnership for joint financial product development and market expansion.
• BeFlycoreStrategic or Co-development PartnerInstitutional partnership for financial ecosystem collaboration, expanding BF Holding's reach in the regulated financial market.
• Google CloudcoreTechnology or IntegrationCloud infrastructure provider for world-class financial processing stack, AI models, and data infrastructure at scale.
• AWScoreTechnology or IntegrationCloud infrastructure partner supporting scalable financial processing and data operations.
• OpenAIcoreTechnology or IntegrationAI provider integrated into AI Forge platform, providing GPT models for intelligent automation across customer service and business processes.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Botpress: AI agent platform for building, deploying, and operating chatbots and autonomous agents with integrations to messaging channels and LLMs. Closely comparable to AI Forge's agent builder, knowledge base, and orchestration capabilities.
• ManyChat: Chat marketing and automation platform focused on Instagram, WhatsApp, and Messenger for SMBs and creators. Comparable to AI Forge's WhatsApp-first Brazilian SMB agent deployment motion.
• Gupy: Brazilian AI-powered recruitment and selection platform with ATS, candidate matching, and HR automation. Directly comparable to Vagga.ai's AI-powered ATS and recruitment value proposition for the Brazilian market.
• Pomelo: Latin American BaaS platform providing card issuing, payment processing, and banking infrastructure to fintechs and corporates across the region. Directly comparable to BF Holding's BaaS-adjacent thesis through BF Solutions and the broader holding's regulated infrastructure positioning.
• Belvo: Latin American open finance API platform enabling fintechs to access bank account data and initiate payments. Comparable to BF Holding's banking infrastructure and open-finance-adjacent offerings for the same regional customer base.
• Dock: Brazilian BaaS and payments processing company serving fintechs, banks, and large corporates with card issuing and acquiring infrastructure. Directly comparable to BF Holding's regulated financial infrastructure stack; notably, Dock is also a disclosed customer of BF Holding.
• n8n: Workflow automation platform with AI agent capabilities, native messaging integrations, and a large template library. Comparable to AI Forge on multichannel agent orchestration and the template marketplace model.
• Voiceflow: No-code AI agent and chatbot platform used by enterprises to design, prototype, and deploy conversational AI across channels. Directly comparable to AI Forge's Studio AI no-code agent builder and multichannel deployment model.

Others

• CI&T: Brazilian-origin global digital engineering company providing custom software, AI, and data solutions to enterprises. Comparable to Cosmo Labs on custom development services for complex financial and enterprise operations.
• Globant: Large Latin American IT services and digital transformation firm delivering custom software development for global enterprises, including fintechs. Comparable to Cosmo Labs' custom software and data engineering services targeting financial operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bf-holding

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about BF Holding