Brazilian fintech Agibank has filed for an initial public offering on the New York Stock Exchange, aiming to raise as much as $1 billion. The company plans to list under the ticker AGBK. It positions itself as a mission-driven provider for Brazil's underserved segments, including social security beneficiaries and public sector workers.

Founded in 1999 by Marciano Testa, Agibank operates 1,101 retail locations called Smart Hubs across 723 Brazilian cities. These outlets are strategically placed near competitors to capture customers frustrated with long wait times. The company has shown strong growth, with its active client base expanding to 6.4 million by September 2025, a 77.2% increase year-over-year.

Goldman Sachs, Morgan Stanley, and Citigroup are leading the offering, joined by several other banks. Agibank captured a 3.6% share of Brazil's benefits and payroll loan market as of late September. This IPO tests investor appetite for Latin American fintechs aiming to disrupt traditional banking with high-touch, accessible service models.