Agibank raises $350M through FIDC to expand credit operations

▤ Summary

Agibank raised $350 million through a FIDC backed by payroll-deductible loans. The Brazilian neobank said it will use the capital to fund new credit operations. Agibank offers digital accounts, credit cards, and loans to underserved customers in Brazil, and it also operates physical branches. The company already has a $5.3 billion credit portfolio and reported a net profit of $62 million. Moody’s Local recently upgraded its institutional rating to AA-.br.

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