UY3, a credit-as-a-service platform that raised R$50 million last year from NVA Capital and Vectis, has acquired a stake in vehicle financing company Altis. The value of the transaction was not disclosed. Altis had previously raised R$15 million from venture capital funds and counts Latitud and Magma Partners among its investors.
Strategic Rationale and Market Context
The investment occurs as traditional banks adopt a more cautious stance in vehicle lending amid higher delinquency and elevated interest rates. This environment has opened space for specialized fintechs to expand credit distribution outside the concentrated banking system. Altis CEO Pedro de Paula noted that the Brazilian credit market remains highly concentrated and that the company sees growth in decentralization.
Founded by Pedro de Paula, Luiz Bettega and Eduardo Renda, Altis provides infrastructure and funding to dealerships and resellers, currently serving around 600 clients. With the new partnership, it plans to expand to more than six thousand stores, supporting inventory financing for light vehicles and motorcycles. The company intends to strengthen its presence in the pre-owned vehicle and motorcycle segments, where executives see substantial opportunity.
The company also plans to use the partnership to enter car equity, a product that uses a paid-off vehicle as collateral. It is preparing credit lines for used heavy machinery and equipment, broadening the range of assets it can finance. These moves aim to diversify the portfolio beyond traditional vehicle inventory financing and create new revenue streams.
Funding and Operational Structure
UY3 operates with a direct credit society license and also acts as a settlement bank and electronic money issuer, offering anti-fraud tools to partners. According to CEO Tabaré Acosta, the firm has already raised R$1.5 billion through FIDCs for financing via Altis. He said the company connects business clients to the capital markets so they can fund their operations.
UY3 offers more than 20 credit products, including private credit, payroll loans and direct consumer loans. The platform intermediated R$6 billion in transactions in 2025 and expects to double that volume to R$12 billion this year. Under the new structure, Altis is expected to become the automotive platform of UY3.
Altis has accumulated R$60 million between equity and credit funding, including a R$15 million venture capital investment last year. UY3 itself raised R$50 million in 2025 from NVA Capital, led by former XP executive Marcelo Maisonnave, and Vectis, led by former BTG executives Patrick O'Grady and André Sá. The undisclosed stake purchase adds a strategic partner to Altis while preserving its existing investor base.
Growth Outlook
UY3 is already in talks with investors for a new funding round planned for next year, aiming to expand its capacity to structure credit operations. The consolidation between a credit-as-a-service platform and a specialized originator may accelerate growth for both companies. It also illustrates how fintechs are using structured funding vehicles to scale automotive credit without relying on traditional bank balance sheets.
The partnership between UY3 and Altis represents a strategic bet on the decentralization of vehicle financing in Brazil. By combining UY3's capital markets access and funding infrastructure with Altis's distribution network, the companies aim to reach a much larger base of dealerships and expand into new credit segments. The outcome will depend on execution, but the move aligns with a broader shift toward specialized fintech platforms in the Brazilian credit market.
Source: Pipelinevalor.globo.com