Fintech iCred raises 1.15 billion reais in FIDCs | Finance

Of the amount raised, BRL 1 billion will be allocated to INSS recorded and 150 million reais for shipped with FGTS warranty. “The quality of the investors shows the level of confidence we have and the price level we were able to close. This ends up putting us at a “funding” cost that is as or more competitive than many mid-sized banks,” says Túlio Matos, CEO and co-founder of iCred. “It shows the effort we have made to implement discipline, to take risks in a very controlled way.”

Since its creation in 2022, iCred has already exceeded 4 billion reais in credits issued. For next year, it is planned to disburse 4 billion reais for new operations, a practical doubling of what has already been done.

Among the strategies is the advancement of INSS operations. Matos notes that this year, some market players have had to reduce supply for regulatory, strategic and financing reasons. “So, of course, the consumer will not be able to go without help,” he says. The objective is to provide “breath” and “robustness” so that fintech can generate between 250 and 350 million BRL per month in 2026.

iCred also intends to launch an INSS payroll card next year. “It is a product that has a very large window of opportunity. On the market there are more than 30 million policyholders, and only 10 million already benefit from this card,” says Matos, adding that the product will have no cost for the customer and that it will be clarified, during the subscription process, that it is a means of payment and not a loan. The INSS pay card will be issued by a partner establishment. A specific fund must also be set up to purchase invoice receipts.

Access to the new private salary loan is still among iCred’s priorities for 2026. The fintech plans to start testing the product in the first half of the year, but should only accelerate the offer after implementing the guarantees for the use of the FGTS balance and the dismissal fine in the event of dismissal without just cause.

According to Matos, the “risk-return relationship” of the product today, without these guarantees, is not attractive. For him, there was a “rush” on the part of certain institutions to offer this product. “Our philosophy prefers to wait for a better guarantee and work with a fairer price composition. »