What LLZ Garantidora does

LLZ Garantidora (legal entity LLZ Solução Cobrança S.A, CNPJ 19.740.979/0001-62) is a Brazilian financial guarantee company founded in 2013 that serves residential and commercial condominiums across Brazil, with its headquarters in Belo Horizonte and additional offices in São Paulo (Faria Lima and Brooklin). The company is self-described as the largest garantidora in Brazil and claims to have created the category of condominium revenue insurance from scratch. Its flagship product, Seguro Receita Condominial, is underwritten exclusively through a partnership with BTG Seguros and guarantees 100% of a condominium's monthly revenue regardless of tenant default rates — a meaningful intervention in a market where condo fee defaults average 13.84% nationally. The company is founder-led by Zener Costa, operates with 101–250 employees, and is privately held with no disclosed institutional investors or parent entity.

The product portfolio combines the flagship insurance guarantee with Cobrança Simples (full-service condo fee collection and remittance), Adiantamento de Repasse (up to 70% advance of monthly revenue), Antecipação da Inadimplência Histórica (advance on accumulated historical default), Empréstimo e Financiamento (loans distributed through BTG Pactual), and general building insurance. Revenue mechanics are not publicly disclosed; pricing is quote-based on factors such as unit count and historical delinquency, billed monthly, with revenue derived from fees on guarantees, collection services, advance transactions, and loan origination/financing. The go-to-market is sales-led, combining a direct commercial team, inbound proposals via the company website, and client referrals, supplemented by content marketing (blog), organic social (Instagram, LinkedIn, Facebook, YouTube), email newsletters, and founder-led podcast appearances.

The proprietary technology stack is concentrated in customer-facing tooling rather than core financial infrastructure: the Portal do Cliente LLZ and mobile app deliver invoice retrieval (segunda via), payment statements, and account management, while the underwriting and capital layers are provided by BTG Seguros and BTG Pactual respectively. Authorized partner Fiducial handles debt recovery. There are no disclosed AI/ML capabilities, patents, or research assets. Named customer references consist entirely of individual síndicos (condo managers) at the SMB scale, consistent with a long-tail, nationally distributed customer base rather than enterprise concentration.

Name

LLZ Garantidora

Legal name

LLZ Solução Cobrança S.A

Website

https://llzgarantidora.com.br

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

LLZ Garantidora is a Brazilian financial guarantee company founded in 2013 that serves residential and commercial condominiums with revenue insurance, collection, and credit products delivered through partnerships with BTG Seguros and BTG Pactual.

Ownership category

akta.pro rank

Product category

Condominium Financial Guarantee Services

NAICS

Sales Financing (52222)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Condominium Association Management (BPAJAHAA)

Keywords

• Condominium revenue insurance
• Condominium debt collection
• Condominium revenue guarantee
• Condominium financial management
• Property management financing

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Seguro Receita Condominial: Insurance product via BTG Seguros that guarantees 100% of monthly condo revenue regardless of default rates. The company charges fees for this guarantee service.
2. Cobrança Simples: Collection and receipt management service for condo fees. LLZ handles the collection process and transfers all received amounts.
3. Adiantamento de Repasse: Advance payment service allowing condominiums to receive up to 70% of their monthly revenue in advance to meet financial obligations.
4. Antecipação da Inadimplência Histórica: Advance on accumulated historical debt, providing immediate cash flow for overdue receivables.
5. Empréstimo e Financiamento: Loan and financing products via BTG Pactual for condominiums to fund improvements and maintain cash flow.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

LLZ Garantidora provides financial guarantee, collection, insurance, and credit solutions for residential and commercial condominiums in Brazil. Its flagship offering, the Seguro Receita Condominial distributed via BTG Seguros, guarantees 100% of monthly condominium revenue regardless of default rates. The company also manages full fee collection (Cobrança Simples), advances up to 70% of monthly revenue (Adiantamento de Repasse), advances on historical default debt, and distributes loans and financing through BTG Pactual.

Product overview

LLZ Garantidora is a financial guarantee company specializing in eliminating condominium delinquency in Brazil. The company operates a platform of interconnected products centered on revenue guarantee: the core Seguro Receita Condominial (via BTG Seguros) guarantees 100% of monthly condominium fees regardless of defaults, supported by Cobrança Simples for fee collection and remittance. Additional financial products include Adiantamento de Repasse (up to 70% revenue advance), Empréstimo e Financiamento via BTG Pactual, and Antecipação da Inadimplência Histórica for historical debt recovery. A customer-facing Portal do Cliente provides real-time access to payment slips, statements, and negotiations via app, website, chatbots, and human support. The company also provides general insurance and educational content for syndics.

Differentiator

Problem solved

Functional benefit

Products and services

• Seguro Receita Condominial Insurance product distributed via BTG Seguros that guarantees 100% of monthly condominium revenue regardless of default cases, ensuring the condominium's full cash box every month to cover all expenses.
• Cobrança Simples Managed collection and receipt service for condominium fees in which LLZ handles the entire collection process and transfers all amounts received back to the condominium.
• Adiantamento de Repasse Advance payment service allowing condominiums to receive up to 70% of their monthly revenue in advance to meet financial commitments and maintain cash flow.
• Empréstimo e Financiamento via BTG Pactual Loan and financing products distributed via BTG Pactual, providing condominiums with access to funds to pay bills, achieve financial predictability, and implement improvements and renovations.
• Antecipação da Inadimplência Histórica Service that advances payment of accumulated historical default amounts, placing the cash needed into the condominium's treasury immediately to address long-standing debt.
• Seguro (Geral) General insurance product distributed via BTG Seguros, providing building protection and coverage against unforeseen events to secure condominium management and protect the property.

Quantifiable outcome

• Condo fee defaults averaging 13.84% nationally can be fully covered by the insurance product
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• BTG SeguroscoreStrategic or Co-development PartnerBTG Seguros is the exclusive insurance partner for the Seguro Receita Condominial product. This partnership enables LLZ to offer the unique revenue guarantee insurance product that is the cornerstone of their value proposition. BTG Seguros provides the insurance infrastructure while LLZ handles distribution and customer relationships.
• Fiducial Consultoria e Serviços FinanceirosminorImplementation/ SI/ Consulting PartnerAuthorized collection partner that handles debt recovery processes for defaulted units. Fiducial is officially recognized by LLZ and follows rigorous internal criteria to ensure legitimate and transparent collection practices. CNPJ: 22.440.788/0001-90.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• QuintoAndar: Brazilian property technology platform focused on rental management and residential real estate. Comparable in serving Brazilian residential property stakeholders with technology-enabled financial and management services adjacent to LLZ's condominium customer base.
• Senior Sistemas: Brazilian enterprise software provider with property and condominium management modules. Comparable as an adjacent technology vendor serving condominium associations and administradoras, the same customer ecosystem LLZ monetizes.

Broad incumbents

• Banco Inter: Brazilian digital bank offering accounts, lending, and insurance products to consumers and SMBs. Comparable as a broad financial services incumbent with digital distribution that could disintermediate niche players like LLZ in condominium lending and insurance.
• BV (Banco Votorantim): Major Brazilian consumer and SMB finance provider offering credit, financing, and insurance products. Comparable to LLZ in extending credit and financial products to underserved Brazilian SMB segments, including property-adjacent customers.
• TOTVS: Largest Brazilian enterprise software company, including property management solutions. Comparable as an established incumbent providing financial and management software to condominiums and administradoras that LLZ also serves.
• Cielo: Major Brazilian payments and financial services company. Comparable as a broad financial-services incumbent with established distribution and regulatory infrastructure that could expand into condominium-related financial products.
• Porto Seguro: One of Brazil's largest insurance conglomerates, offering consumer and commercial insurance products. Comparable as a broad insurance incumbent that could enter or compete in condominium revenue insurance given its scale and regulated infrastructure.
• Itaú Unibanco: Largest private-sector bank in Brazil with full-spectrum financial services. Comparable as a broad incumbent that could replicate condominium revenue-insurance and lending products using its scale, regulatory standing, and existing relationships with administradoras.
• PagBank (PagSeguro): Brazilian fintech offering payments, banking, and credit to merchants and SMBs. Comparable as a broad incumbent with SMB-facing credit and digital distribution capabilities relevant to condominium financial services.

Direct peers

• Cobre Fácil: Brazilian digital debt-collection platform serving SMBs. Comparable to LLZ's Cobrança Simples service in targeting defaulted receivables recovery with a tech-enabled model, and overlapping in serving Brazilian condominium-adjacent SMBs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/LLZGarantidora
• Facebookfacebook.com/llzgarantidora
• LinkedInlinkedin.com/company/llzgarantidora
• Instagraminstagram.com/llzgarantidora

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 LLZ Garantidora