AGI Inc., doing business as Agibank, is a Brazilian digital bank and financial services provider focused on financial inclusion for underserved populations. The company's core business model revolves around secured lending, primarily offering credit tied to social security benefits, severance fund benefits, and public or private-sector payrolls. These secured loans account for the vast majority of its credit portfolio—with social security benefit loans alone representing approximately 79% of the portfolio as of late 2025—minimizing default risk while serving low- to middle-income individuals who are often overlooked by traditional incumbent banks. In addition to its lending products, Agibank provides a comprehensive suite of retail banking services, including digital checking and savings accounts, debit and credit cards, and third-party insurance products. The company generates revenue primarily through interest income on its loan portfolio, as well as banking fees and commissions. Geographically, AGI Inc. operates exclusively in Brazil, utilizing a hybrid distribution strategy that integrates a proprietary cloud-based digital platform with a physical footprint of over 1,100 "Smart Hubs" located throughout the country. This omnichannel approach allows the bank to effectively reach and onboard less tech-savvy demographics, such as retirees and pensioners, while maintaining the scalability of a digital-first infrastructure.
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