The Social Bank is acquiring Banco Capital to accelerate its growth and expand its sustainable financial solutions in Brazil.

Target Information

The Social Bank, founded by entrepreneur Rodrigo Borges, is a truly digital bank dedicated to financial sustainability, based in Uberlândia, Brazil. The bank aims to enhance its growth strategy by acquiring Banco Capital, located in Salvador, Bahia. This acquisition is a strategic move to expand its portfolio of products aimed at both businesses and individual clients, though the transaction is pending approval from the Central Bank of Brazil.

With the acquisition, the Social Bank will solidify its position as the only sustainable digital bank aligned with ESG (Environmental, Social, and Governance) criteria. The consolidation allows for the offering of comprehensive financial solutions to businesses. Upon receiving the banking license, the Social Bank will operate as a full-service bank, providing structured credit products and investment options while ensuring coverage under the Credit Guarantee Fund (FGC).

Industry Overview in Brazil

The Brazilian fintech industry has been rapidly evolving, characterized by increased competition among digital banks and fintech companies. This surge has been fueled by a growing demand for innovative and user-center