Minucred is a regulated bank correspondent that offers digital payroll‑deducted loans to CL T employees, domestic and rural workers, MEI staff, retirees and public servants in Brazil. By connecting borrowers with partner banks, it provides instant credit simulations, fast approval and funds transferred via PIX, often within 24 hours, while using FGTS guarantees to secure lower interest rates.
Funding
Funding not disclosed
Founders
Product
Problem
Many salaried workers in Brazil face limited access to affordable credit because traditional loan products involve lengthy paperwork, high interest rates, and require physical visits to banks. This creates financial strain for those needing quick funds for emergencies or personal projects.
Solution
Minucred operates as a regulated bank correspondent that connects CLT employees, domestic workers, rural workers, and MEI employees with partner banks to obtain payroll‑deducted loans at lower rates than standard personal loans. The entire process is conducted online: users submit basic personal and employment data, receive a simulated offer within minutes, and can approve the contract digitally. Once signed, the loan amount is transferred to the borrower’s account via PIX, often within 24 hours. For eligible borrowers, the platform can also use FGTS balances as collateral to further reduce rates. The service is overseen by the Central Bank, ensuring compliance and data security.
Target Audience
Primary customers are salaried employees (CLT), domestic and rural workers, MEI employees, as well as retirees and public servants who prefer payroll‑deducted credit with minimal bureaucracy.
Features
- End‑to‑end digital application with instant simulation and approval workflow
- Payroll‑deduction (consignado) repayment model eliminating the need for boleto payments
- Integration with partner banks (Facta, Pan, Safra, C6) to source the most competitive interest rates
- Option to pledge up to 10 % of FGTS balance as guarantee for lower pricing
- Funds delivered via instant PIX transfer, typically within 24 hours of contract signing
- Support for multiple worker categories: CLT, domestic, rural, MEI, INSS beneficiaries, and public servants
- Compliance with BACEN Resolution 3.954/2011, providing regulatory oversight and data protection