Agibank Secures US$403 Million Through Third Credit Receivables Fund
Agibank raises US$ 403 million in its third FIDC issuance, bringing total fundraising through credit receivables funds to US$1.27 billion since 2025.
Agibank, a Brazilian digital bank focused on lower-income customers, has completed a R$2.1 billion (approximately US$403 million) issuance of Class A quotas in its third Credit Rights Investment Fund (FIDC), backed by payroll-deductible loans to beneficiaries of Brazil’s National Social Security Institute (INSS). Announced on October 2, the transaction strengthens the bank’s strategy to diversify its funding sources and secure long-term capital.
Third FIDC issuance strengthens Agibank’s funding strategy
The new fund is structured as a closed-end investment vehicle with limited liability and is intended for professional investors. It comprises two series, offers a fixed return of CDI (Brazil’s interbank deposit rate) plus 1.05% per year, and has a final maturity of 132 months.
For Agibank, the transaction represents another step toward building a more diversified and predictable funding structure to support its lending activities.
“This transaction is a fundamental strategic step in our liability management. Securing diversified, long-term funding sources is essential to ensuring predictability and sustainable growth capacity, while maintaining an unwavering focus on disciplined and profitable credit origination,” said Glauber Correa, Agibank’s CEO.
Agibank raises $1.27 billion through three FIDC transactions
Since its first FIDC issuance in 2025, Agibank has raised R$6.6 billion (approximately US$1.27 billion) through three transactions of this type.
The bank’s debut issuance was distributed to the market in 2025 and attracted demand three times greater than the amount offered. According to Agibank, the transaction drew more than 20 professional investors.
The second issuance raised R$2.5 billion (approximately US$480 million). That fund had a maximum term of 10 years and, like the latest transaction, was backed by payroll-deductible loan contracts. At the time, the bank said the proceeds would be used to finance its lending operations.
The third issuance, worth R$2.1 billion (approximately US$403 million), further expands Agibank’s use of credit receivables funds as a source of financing.
Funding supports Agibank’s lending operations
The latest FIDC transaction comes amid the bank’s broader credit expansion and fundraising activities.
In June, Agibank completed its seventh issuance of public financial bills, raising R$500 million (approximately US$96 million). That operation was also aimed at securing resources to finance the bank’s lending activities.
With its third FIDC issuance, Agibank continues to expand its access to long-term funding through the Brazilian capital market, complementing its other financing instruments.
