Brazilian neobank Agibank raised $350M through the issuance of a FIDC (Fundo de Investimento em Direitos Creditórios) backed by payroll-deductible loans. In January 2025, Agibank raised $63M from Lumina Capital.
Agibank offers digital accounts, credit cards, and loans to the underserved population in Brazil. Agibank operates both online and through physical branches, targeting a broader customer base than fully digital neobanks.
Agibank will use the funds to finance new credit operations.
Agibank has a credit portfolio of $5.3B and reported a net profit of $62M. In April, Moody’s Local upgraded Agibank’s institutional rating to AA-.br.
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