By Brazil Stock Guide – UY3, a fintech founded in 2021 by brothers Tabaré, Caracé, and Querandy Acosta, has entered a new growth phase in 2025. After raising R$50 million in a round led by NVA Capital and Vectis, the company has nearly doubled its São Paulo staff to around 100 employees and will relocate its headquarters to Rua Funchal in Vila Olímpia, one of the city’s main financial and tech hubs.
The expansion is accompanied by the arrival of two seasoned executives. Débora Rebello, with 25 years of experience in retail banking and a strong track record in the correspondent banking channel, will lead Commercial and Channel Network. Ana Lidia Frehse, a specialist in structured finance and capital markets, will head FIDC structuring, debt solutions, and investor relations.
“The correspondent channel plays a vital role in expanding access to credit, making lending operations more sustainable and inclusive,” Rebello said. Frehse added that credit thrives on strong origination, robust formalization, and efficient access to funding.
Scale and governance
CEO Tabaré Acosta said the new hires are part of a broader strategy to connect credit originators with capital markets through technology and governance. “The arrival of Débora and Ana Lidia strengthens a strategy that is already proving successful: taking UY3 to the next level in credit-as-a-service,” he said.
Licensed by the Central Bank of Brazil as a Direct Credit Society (SCD), Clearing Bank (SPB No. 457), and Electronic Money Issuer, UY3 provides infrastructure that allows correspondents and fintechs to create their own lending operations. The model reduces reliance on large banks and boosts competition in the sector.
The investment round, announced on the June 17th, strengthened UY3’s governance and capital structure. The company processed R$4.1 billion in loan operations in 2024 and aims to triple that volume by the end of 2025.
The deal also brought heavyweight names onto the board, including Marcelo Maisonnave, XP cofounder and NVA partner, and André Sá, former BTG partner and now at Vectis. Both investors are betting on UY3’s credit-as-a-service model, which allows correspondent banks and fintechs to extend credit directly to clients without the need to set up fully regulated operations under the Central Bank.