UY3

About UY3

UY3 is a financial technology company, authorized by the Central Bank of Brazil as a Direct Credit Society (SCD), that offers a Credit-as-a-Service (CaaS) platform. Founded in 2021 by Uruguayan-born brothers Tabaré, Querandy, and Caracé Acosta, the company is headquartered in Porto Alegre, Brazil. The founders leverage decades of experience in the credit and securitization market, with Tabaré serving as CEO and Caracé as CTO.

The company's core business is providing a complete technological infrastructure for embedded finance, allowing other businesses such as fintechs, retailers, and banking correspondents to offer credit products directly to their customers. UY3's platform handles the entire credit lifecycle, from origination and risk analysis to debt issuance, collections, and monitoring. Its product portfolio includes personal loans, payroll-deducted loans, buy now, pay later (BNPL), and credit backed by the FGTS (government severance indemnity fund). The business model is based on charging a fee on the issuance and monitoring of credit.

UY3 targets fintechs, banking correspondents, and the embedded finance market, which includes retailers, universities, and hospitals seeking to offer credit directly. In 2024, the company processed R$5 billion in credit transactions and serves around 300 active clients. In June 2025, UY3 secured R$50 million (approximately $9 million) in a funding round led by NVA Capital and Vectis to hire C-level executives and enhance its technology infrastructure. The company projects it will triple its credit volume to R$15 billion in 2025.