QI Tech
BR · São Paulo, Brazil · Brazilian Central Bank (first SCD approved)
QI Tech is a BaaS Provider based in BR (São Paulo, Brazil), regulated by Brazilian Central Bank (first SCD approved). The institution operates an active Banking-as-a-Service program, launched in 2018.
QI Tech supports the following products and services: Accounts, Cards, Payments, Lending, KYC/AML, Insurance, Investments. The bank serves customers across Brazil.
Notable fintech partners include 99, Shopee, QuintoAndar.
- Products Supported
- AccountsCardsPaymentsLendingKYC/AMLInsuranceInvestments
- Geographies Served
- Brazil
- Charter / Regulator
- Brazilian Central Bank (first SCD approved)
- API Standards
- REST API
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2018
99, Shopee, QuintoAndar
None confirmed active
Unicorn ($1B+ valuation, April 2024). $374M total funding. Profitable since year one.
400+ clients. $17B assets under custody. Insurance-as-a-service launched 2025.
Most comprehensive LATAM BaaS platform.
QI Tech Partners with Bettr to Expand Embedded Credit in Brazil
QI Tech partnered with Bettr, Ant International's embedded finance arm, to deliver credit products within Brazil's e-commerce market. The deal includes working capital loans for SME sellers and a BNPL option for consumers on AliExpress. Financial terms were not disclosed.
Brazil's QI Tech Raises $200M Series B Led by General Atlantic
QI Tech, a Brazilian banking-as-a-service fintech and the first Direct Credit Company (SCD) approved by the Brazilian Central Bank, raised $200 million in a Series B round led by General Atlantic with participation from Across Capital. The round was the largest funding deal in Brazil across all industries in 2023. The capital will be used to decentralize credit away from major banks through acquisitions and growth.