São Paulo, May 30, 2025 – Agibank, a bank that is disrupting payroll lending in Brazil through its unique hybrid business model that connects digital and in-person services to provide quality and dignity to Brazilians, filling the gap left by incumbents and digital-only banks, has successfully raised R$ 2 billion in its first structuring of a FIDC (Credit Rights Investment Fund), backed by receivables originated from payroll loans operations.
The market-distributed transaction attracted demand three times higher than the offer and involved more than 20 professional investors.
Backed by payroll loan contracts originated by Agibank, the transaction received a ‘AAA.br’ credit rating from Moody’s Local. The deal was led by Santander as the lead coordinator and Itaú BBA as coordinator.
With a total volume of R$ 2 billion and a maximum term of 10 years, the proceeds will be used to fund the bank’s credit operations, in a structure similar to the securitized debenture issuances carried out in the past.
This transaction marks Agibank’s debut in the FIDC market, expanding the institution’s range of structured instruments for funding diversification and access to committed lines. The strong demand from institutional investors reinforces market confidence in the quality of the company’s credit origination, which is focused on offering securitized credit to individuals.
“This issuance opens a new front in our funding strategy, with an instrument that combines efficiency, market depth, and predictability to support the expansion of our portfolio,” said Marcello Dubeux, Treasury and Investor Relations Officer at Agibank. “The investors’ response clearly validates our business model, the resilience of our assets, and the disciplined origination that Agibank has consistently demonstrated,” he concluded.
With approximately R$ 30 billion in credit portfolio and 52% growth over the past 12 months, Agibank continues to expand its presence in the capital markets.
The bank ended the first quarter of 2025 with a net income of R$ 350.5 million, a ROAE of 45.2%, and a coverage ratio above 225%, reflecting operational strength and financial soundness in a shifting regulatory environment. In April 2025, Agibank also had its institutional credit rating upgraded by Moody’s Local to ‘AA-.br’.