Brazil credit fintechs: 79% now accept collateral, up from 34% in 2021

ABCD/PwC survey shows 79% of Brazilian credit fintechs accepted collateralized operations in 2025, up from 34% four years earlier, with private-sector consigned credit the leading product. This reflects a structural shift toward secured lending in the digital credit market, improving credit quality and potentially reducing systemic risk. The trend is corroborated by the survey's historical series, though it covers only participating fintechs.