Founded in 1996 in Porto Alegre, Brazil, Portocred S.A. established itself as a financial institution focused on providing credit solutions to individuals. Its primary products included personal loans, payroll-deducted loans for public and private sector employees, and financing for goods and services through retail partnerships. The company's mission was to offer accessible and straightforward credit options. However, due to a severe compromise of its financial situation, the Central Bank of Brazil intervened and decreed its extrajudicial liquidation in February 2023.

Founded in

Brazil