Agibank, a Brazilian hybrid bank combining digital efficiency with physical branch presence, has closed its second Credit Rights Investment Fund, known as a FIDC, raising R$2.5 billion to support the growth of its credit operations. The transaction carries a maximum term of 10 years and was issued in a single tranche at a rate of CDI + 1.05% per year.
The fund is backed by payroll-deductible loan contracts originated by Agibank and was distributed to professional investors, drawing strong market demand. The transaction received a AAA.br credit rating from Moody’s. Agibank Asset Management acted as co-manager of the fund alongside Oliveira Trust, which handled administration and management.
The closing follows Agibank’s first FIDC structuring in May 2025 and comes roughly two months after parent company Agi Inc. completed its Initial Public Offering on the New York Stock Exchange. Agibank is a subsidiary of Agi Inc., which trades on the NYSE under the ticker AGBK.
The proceeds will be used to fund the bank’s credit operations, deepening its focus on secured lending for Brazilian consumers, a segment in which the company has positioned itself as a specialist. Agibank’s total credit portfolio reached R$34.9 billion at the end of 2025, reflecting 44% growth over the course of the year.
Agibank operates a hybrid model that pairs a fully digital banking platform with physical branches, targeting a customer base that it says is underserved by both traditional large banks and purely digital competitors.
KEY QUOTES:
“We are a very active player in the Brazilian credit market and are becoming increasingly relevant. Issuances like this give us greater visibility and the access to funding required to scale in a segment in which we are specialists: secured lending for Brazilian consumers. Confidence from the market also allows us to capitalize on these opportunities regardless of the macroeconomic environment.”
Marcello Dubeux, Chief Financial Officer and Investor Relations Officer, Agi
“The structuring of our second FIDC, with a committed line of R$2.5 billion, is a milestone for our liabilities management. In a challenging environment in both the local and international markets, having this liquidity channel contracted and available is not only a safeguard but also a competitive advantage for Agi. It gives us the predictability needed to maintain our pace of credit origination.”
Glauber Correa, CEO, Agibank
