Problem
They are sold almost R$590 billions in consortium loans a year in Brazil, but according to data from the Central Bank, 48% of the consortiums do not access the desired asset. The resale of the share, whether contemplated or not, would therefore be the natural way to bring liquidity to this secondary market. However, today those who wish to sell or buy an ongoing consortium are being held hostage by 3 main problems: 1) Inflated chain: multiple resellers stack margins of up to 60% on the same card — the seller gets less and the buyer pays more. 2) Opacity: standardized information and the intermediary's conflict of interest prevent the client from knowing the real financial cost of the credit. 3) Fraud: those who do not want to leave high margins for reseller companies resort to informal negotiations, without custody of the money or formal contract, exposing themselves to scams.
Solution
With a P2P marketplace that transforms this informal market into financial infrastructure, attacking each problem at the root: 1) Against the inflated chain: direct negotiation between seller and buyer, without resellers — ~18% more profit for those who sell and ~18% discount for those who buy. 2) Against opacity: standardized data, real financial cost calculated automatically, proprietary pricing, intelligent card composition, and transparent commission — objective, on-the-job decision 100% digital. 3) Against fraud: escrow payment, released only after the administrator confirms the transfer, with a digital contract and documentary validation. All supported by an AI-first operation and automated service that allows us to operate with a minimum commission and bring liquidity to the market. And the asset light model, without its own stock, eliminates conflict of interest and supports a gross margin of ~95%
Business model
Transactional marketplace, asset light. We monetize with a take rate of ~2,5% on transacted credit (real average Jan—Aug/26), charged in a phased manner on the traded amount of the letter, with a gross margin of 95%. Current average ticket: ~R$170 thousand in credits per transaction, generating average revenue of R$4. 290 — against CAC of R$2. 970, positive unit economics since the first month.
Market
The secondary consortium market has the potential to move R$280 bi per year in credit, we want to act on 5% Of this, moving R$14bi a year.
Competitors
Three groups attack this market today. 1) Companies capitalized by funds: they buy uncovered shares from those who want to leave the consortium, receive equity through a bid and resell — the main, capital-intensive model, with a margin in the spread and a conflict of interest in the price. Former: consortiums 2) Traditional resellers: buy the letter from the consortium and resell with margins of up to 60%, stacked along the chain. Ex: Grupo Lume Contempladas 3) Informality: OLX, WhatsApp and Facebook groups — the highest volume of negotiations, without custody, contract, or verification, where scams take place. None of them operate as a P2P marketplace: we are the only ones without stock, who provide transparent cost calculations, ethical pricing, and escrow escrow account payment for anti-shock shielding.
Competitive differentiation
The only P2P marketplace in the segment. Competitors are resellers with inventory and structural conflict of interest. We are neutral: we don't own a card, we don't win on the hidden margin. Security does not exist in the informal market: escrow account, OCR, KYC, and digital contract. In a market marked by scams, trust is conversion. Proprietary technology: pricing algorithm and intelligent credit composition, with automatic calculation of the cost of money. The customer compares offers objectively - something that no reseller delivers. AI-first operation: automated pricing, statement validation, matchmaking and service — cost structure that allows minimum commission and supports a gross margin of 95%. Proven unit economy: revenue per transaction of R$4. 290 against CAC of R$2. 970, breakeven since the first month.
Entry barrier
Some: 1) Marketplace is a liquidity game. We already have R$400M in listed cards, which attracts buyers. A new entrant starts with an empty shelf. 2) Proprietary data: every statement processed and transaction completed feeds our pricer. We are building the only standardized secondary market price dataset — pricing improves with each deal, and those who enter later start from scratch. 3) Operational know-how: rules, fees, and transfer processes from dozens of directors mapped in practice, transaction by transaction — a valuable knowledge base that is difficult to build. 4) Trust: Being the first platform with custody makes us the industry's security standard.
Traction
Yes. Platform on the air since February of 2026 — in 7 months, without external capital: 16 completed transactions, R$400 millions in credit listed on the site; 500 registered users; average revenue of R$4. 290 per transaction against CAC of R$2. 970 — positive unit economics since the first month; average revenue of R$20 thousand/month in the last quarter.