The São Paulo-based bank reported strong financial performance for the first nine months of 2025, posting net income of 831.7 million reais ($154.6 million) on revenue of 7.74 billion reais, up from 597.2 million reais in net income on 5.15 billion reais in revenue over the same period a year earlier.
Agibank traces its origins to 1999, when then-college student Marciano Testa founded Agiplan to expand access to credit for Brazilian consumers. Over the years, the company has evolved into a full-service digital bank serving millions of customers across the country. In December 2024, it raised 400 million reais at a 9.3 billion reais valuation from Lumina Capital Management, a private equity fund led by Daniel Goldberg, former president of Morgan Stanley S.A. in Brazil. Goldberg also joined Agibank’s board as part of the investment.
The planned IPO will be coordinated globally by Goldman Sachs, Morgan Stanley, and Citigroup, and the bank is expected to trade on the NYSE under the ticker “AGBK.” Agibank has indicated that some proceeds from the offering may be used for strategic acquisitions of businesses, products, or services.
The filing comes amid a wave of fintech activity in the U.S. markets. Last week, Brazilian digital bank PicPay submitted its own IPO paperwork for a U.S. listing, while international fintechs such as Sweden’s Klarna and U.S.-based Chime Financial made high-profile debuts last year. Analysts note that renewed investor appetite for growth stocks has helped fuel a rebound in fintech offerings, creating favorable conditions for companies like Agibank to access global capital.