Against the backdrop of a challenging environment for many fintechs, QI Tech—the pioneer that became Brazil’s first Direct Credit Society (Sociedade de Crédito Direto – SCD) authorized by the Central Bank of Brazil—announced the acquisition of Builders Bank, a startup specializing in the development of banking applications. The strategic transaction marks the creation of a new vertical within QI Tech’s financial services offering and significantly expands the company’s portfolio.
The acquisition’s main innovation is a white-label product that enables the creation of customizable banking applications delivered in up to two days. This allows any company to launch its own financial solution, tailored to the specific needs of its customers. The initiative was aligned with QI Tech’s expansion goals for that year.
Pedro Mac Dowell, founder and CEO of QI Tech, highlighted the potential of the new solution:
“We believe this is the right time to invest in fast solutions so that every company can also become a bank, offering customized features based on its customers’ needs.”
This vision reflects QI Tech’s mission to democratize access to financial services and enable more companies to become active participants in the banking market.
With more than 200 clients and approximately BRL 700 million in credit issued each month, QI Tech was preparing to integrate Builders Bank’s team of developers, further strengthening its capacity for innovation. The company expected to reach BRL 10 billion in credit issued by the end of 2023, a significant increase from the BRL 5.8 billion recorded in the previous year.
Marcelo Bentivoglio, co-founder and head of strategy at QI Tech, emphasized the breadth of the company’s offering:
“Our mission is to provide a one-stop-shop platform for financial services and products. QI Tech is the only Banking as a Service solution that offers proprietary technology across 100% of the digital journey. We recently announced the launch of our own DTVM, and now we will also deliver a complete experience ready to be used by end consumers.”
The acquisition and expansion of QI Tech’s services reinforce its position as an innovative leader in the financial sector, prepared to meet market demands with fast, efficient, and fully customizable solutions.