AGI Inc (NYSE: AGBK)

AGI Inc is a technology powered provider of specialized financial services in Brazil. The company focuses on individuals who have been underserved by incumbent banks and have not been effectively reached by digital only banks. Its mission is to make credit and banking solutions more accessible and affordable for Brazilian consumers such as social security beneficiaries and private and public sector workers.

AGI Inc generates revenue primarily from interest income on its loan portfolio, which includes loans secured by social security benefits, FGTS balances, and public and private sector payrolls. It also earns fees from services such as account maintenance, card issuance, insurance brokerage and other financial products.

AGI Inc holds a niche position in Brazil’s consumer credit market by serving a segment that traditional banks and digital only competitors struggle to reach effectively. Its hybrid model combines physical Smart Hub locations with a digital platform, giving it a cost advantage over incumbent banks and a broader reach than pure digital players. The company benefits from low customer acquisition costs, high lifetime value to cost ratios and a loan portfolio that is predominantly secured by stable income streams, resulting in lower delinquency rates than many peers.

As of September 30 2025 AGI Inc served approximately 6.4 million active clients across Brazil. These customers consist mainly of social security beneficiaries, private sector workers and public sector employees who receive their benefits or salaries through the company’s platform. The firm does not disclose individual customer names but its base includes retirees, pensioners and formal workers seeking affordable credit and banking services.