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INCO Investment has now been officially recognized as a financial institution by the Central Bank and operates as a Society of People’s Loans (SEP).
The Bank Credit Code (CCB), a credit document, will be issued by INCO.
Financial services have experienced a notable transformation in recent times, particularly with the rise of credit fintechs providing digital financial solutions, offering a variety of options to customers and entrepreneurs across different industries.
INCO Investments, a credit fintech, has expanded its presence in Brazil, attracting more than 10,000 investors in the real estate industry. It has received official approval from the Central Bank to function as a Financial Institution (SEP).
Discover how these modifications impact our investors and real estate entrepreneurs. Enjoy the read!
What does SEP stand for?
The Central Bank of Brazil defines the SEP (Society of People’s Loans) as a financial institution that conducts loan and financing transactions exclusively through an electronic platform.
SEP is a legally established and regulated society format approved by the National Monetary Council (CMN), which is designed to streamline financial transactions between individuals and legal entities by serving as a mediator for loans between creditors and debtors, known as peer-to-peer lending.
SEP simplifies the process for investors and entrepreneurs in real estate by reducing bureaucracy, expediting credit access, and offering competitive rates, making it a viable investment option for diversifying portfolios.
Understand the distinction between SEP and SCD and how they operate.
In Brazil, two categories of credit fintechs may be authorized to function, which are SEP (Personal Credit Society) and SCD (Direct Credit Society).
SEP will focus on providing credit between individuals, connecting lenders with borrowers.
The SEP credit fintech operates differently from a traditional bank by using the creditor’s money instead of its own to provide technological services for peer-to-peer loans.
SEP could provide credit analysis and collection services to customers and third parties, along with issuing e-money, which necessitates authorization from Bacen to operate.
The SCD provides its own funds to the borrower and operates through an online platform, with the key distinction being the source of the funds.
INCO, a fintech company specializing in real estate, has transitioned into a financial institution and is now operating as a Specialized Lending Institution (SEP). Find out about the updates!
INCO had to collaborate with MoneyPlus’s bank correspondent to legitimize its operations as it was not authorized to function as a financial institution.
SEP represents a significant advancement for INCO, providing fintech with increased freedom to conduct transactions and form partnerships.
INCO, now functioning as a Financial Institution (SEP), provides investors with the opportunity to access a range of new products such as Energy, Student Credit, Agribusiness, and more, enabling them to diversify their investment portfolios.
This rule enhances INCO’s mission to democratize credit in the country for all types of investors and real estate companies looking to fund projects at lower rates than conventional institutions.
What benefits does SEP offer to the INCO investor?
Fintechs have a significant influence on the Brazilian credit market, particularly in relation to People’s Loans Societies (SEP), giving INCO the independence to streamline the credit issuing process and explore new opportunities for investors and real estate developers.
- Fresh assurances;
- New offerings in the real estate sector include property trust transfers, receivable transfers, agricultural business opportunities, energy projects, and educational ventures. Please be aware that we do not provide investment guarantees.
- Exploring new markets with the help of third-party organizers.
- Reducing the expense of providing credit supports greater competition in the industry.
- Average interest rates for real estate companies have decreased.
- Ability to invest in the real estate industry;
- Receiving authority, etc.
How can investors access the SEP INCO offers?
Before joining SEP, the INCO investor did not possess a bank account and instead invested in the acquisition by issuing and paying the bill.
The investor will open a bank account at INCO using the IQ Bank app, and all transactions will be done through the INCO App. To invest, the investor needs to deposit money into the INCO account and then use that balance for the selected investment.
The investor will receive the investment in their INCO account and can later request a withdrawal to a different bank account.
Open your investment account with INCO for simplified investment management, including easy investment transactions, receipt tracking, statement viewing, and reinvestment options.
Download the INCO App immediately
Understand the functioning of INCO’s credit rating.
A higher credit rating indicates that a company or entity is more likely to repay borrowed credit, while a lower credit rating suggests a higher risk of default, making it harder to borrow money as creditors see them as high-risk borrowers.
Credit rating holds significance in various other ways.
INCO’s credit rating for creditors
- Believers and investors can enhance their investment decisions by considering the borrowing entity’s risk.
- Creditors can rely on borrowers’ credit ratings to ensure timely repayment with the appropriate interest.
Credit rating provided by INCO for borrowers
- Companies with a higher credit rating are viewed as less risky and are more likely to have their loan applications approved.
- Banks and financial institutions may provide loans with reduced interest rates to businesses with better credit ratings.
Having a superior credit rating can assist a company in obtaining funds for growth, reducing loan expenses, and providing creditors with more comprehensive financial data to promote improved accounting practices.
Each offer at INCO Investment is categorized based on a risk evaluation conducted by our experts, ranging from A to E, with A representing the lowest risk level and E the highest. This system helps you select the most suitable offers for your profile with ease and thorough information.
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