The agency highlights the company’s financial strength, revenue diversification, and growth potential
São Paulo, October 2025 – QI Tech, a leader in financial services infrastructure and Brazil’s largest FIDC administrator and custodian, according to ANBIMA, has had its National Long-Term Rating upgraded by Fitch Ratings to “AA-(bra),” with a Positive Outlook.
According to the agency’s report, the upgrade reflects QI Tech’s increased scale, greater revenue diversification, and continued robust financial profile. The Positive Outlook indicates Fitch’s expectation that QI Tech will continue to expand its client base and revenues, strengthening its position among financial institutions. The company is the only Banking as a Service institution in Brazil rated in the AA category.
“This recognition from Fitch reinforces our vision of building a solid and reliable financial infrastructure capable of supporting our clients’ accelerated growth. Security and resilience have always been priorities for QI Tech, and the AA- rating demonstrates that we are on the right path,” said Pedro Mac Dowell, CEO of QI Tech.
With more than 400 active clients, QI Tech has established itself as the only Brazilian company to achieve unicorn status since 2024. Its mission is to enable the future of financial services in Brazil through proprietary technology, an AI-first mindset, security, and compliance.
The company provides complete infrastructure for Banking as a Service, Lending as a Service, and Risk Solutions, in addition to operating its own securities distribution firm, known in Brazil as a DTVM.
Fitch also highlights the low credit risk of the operations, which remain on the balance sheet for short periods and are predominantly assigned to third parties. The agency also emphasizes the high quality of the company’s assets, 56% of which consist of Brazilian government securities.
Another key strength is the group’s capitalization and liquidity. Its core capital ratio stood at 63% in June 2025, significantly above regulatory requirements. The company also held BRL 411 million in cash, complemented by contingency credit lines with top-tier banks.