Central Bank approves purchase of Credihome SCD by Antonio Freixo's Entre Group

The Entre Group, led by businessman Antonio Freixo, has received approval from the Central Bank (BC) to take corporate control of Credihome Sociedade de Crédito Direto. As reported by Finsiders Brasilwhich had revealed the acquisition last month, the authorization was published in the Federal Official Gazette on Friday (28/3).

The transaction exclusively involves the credit fintech license (SCD), while Credihome, which operates with real estate credit and home equity, will remain under the management of the startup Loft, which acquired the business in 2021.

With the approval, Credihome SCD will be renamed Octa, becoming the base for services such as opening accounts, issuing cards and settling transactions via Pix and boletos. "SCD is practically a bank, it just can't leverage capital. With Octa, we will structure the Entre Group's entire banking core, while EntrePay will continue to focus on acquiring," explained Antonio Freixo to Finsiders Brasil.

Grupo Entre has been consolidating its presence in the financial sector, expanding its operations since the creation of EntrePay in 2022. Now, with Octa, the company's ecosystem is further strengthened, enabling greater financial inclusion and diversity of services for customers and partners.

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