In Brazil, despite the basic interest rate being at an all-time low of 2%, personal and business credit rates are still high. In February 2021, the average overdraft rate was 7.96% per month, and the personal loan rate was 6.17%. Credit card rates reached 11.34%, while commercial interest rates were 4.66%.

This has led many people to look for alternatives, such as collateralized credit, in which the borrower offers real or financial guarantees in order to obtain loans at lower rates.

This benefits both lenders, by reducing risk, and borrowers, who can offer a variety of assets as collateral, from real estate to investment portfolios. vSeeing this opportunity, Genial Investimentos - Banco Plural set out to launch this financial service for its clients.

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In order to do this, our greatest challenge, apart from the simple contracting process, was to allow users to simultaneously monitor their portfolio and decide on the payment and redemption of securities. All without friction, with an API system integrated with the Central Bank.