QI Tech, a Brazilian startup focused on financial services infrastructure, is transforming the digital credit market with its QI Fatura solution. The product enables partner companies to offer their customers functionality similar to that of a credit card, without requiring a physical card.
With QI Fatura, companies can allow customers to make installment payments via Pix directly through their own applications, without using a traditional banking app. The process is simple: the customer makes a payment via Pix and selects the installment option.
Although the customer pays in installments, the merchant receives the full amount upfront. The partner company manages the installments in a process similar to credit card payments, but without the costs associated with issuing and delivering physical cards. The solution also provides an integrated user experience, strengthening customer loyalty within the company’s ecosystem.
QI Fatura operates similarly to a credit card, providing users with a pre-approved limit for installment purchases. The limit is adjusted based on a credit assessment conducted by the company adopting the solution.
For companies, QI Fatura not only creates a new revenue stream through an innovative financial service but also reduces operating costs compared with traditional credit cards, while providing customers with a complete and integrated experience.
Security and efficiency in Pix transactions are central elements of QI Fatura. QI Tech uses proprietary Pix fraud prevention technology that rigorously validates the recipient’s identity, ensuring that funds are sent to the correct destination. The technology monitors and analyzes transactions in real time, preventing suspicious activity and protecting both companies and customers.
Credit limits and interest rates are determined by the partner company, which can use QI Tech’s credit assessment system to adjust the amounts available to each customer. The credit decision engine enables the partner company to manage and execute credit rules in a centralized and automated manner, integrating information from external sources, such as credit bureaus and Open Finance, to reduce default and fraud risks.
When a customer chooses to pay in installments, QI Tech, licensed as a Direct Credit Society (Sociedade de Crédito Direto — SCD), issues a Bank Credit Note (Cédula de Crédito Bancário — CCB) and pays the merchant the full purchase amount via Pix. The CCB, which represents the right to receive the installment payments, is acquired by a Receivables Investment Fund (FIDC) administered by QI CTVM, QI Tech’s securities brokerage firm.
As explained by Gianluca Malta, a partner at QI DTVM, “QI Tech pays the merchant the full purchase amount via Pix, while the customer pays the installments to the partner company through bank slips or monthly bills within the company’s own application.”
The FIDC’s resources are provided by the partner company itself, which invests capital in the fund. The FIDC then receives the customers’ payments and provides returns to the partner company, ensuring efficient management of the credit granted.