Teddy Open Finance, a leading Brazilian fintech specializing in technological infrastructure for the financial market, has expanded its branch in Ilhéus, Bahia, to support the growth of Consig 360, its vertical dedicated to payroll loans. Currently, the Northeastern operation employs around 135 professionals and plans to add 50 new positions in the coming months. In 2025 alone, Consig 360 is expected to surpass R$ 15.6 billion in originated credit and R$ 2.2 billion in released loans. The goal for 2026 is to reach R$700 million in monthly payroll loan volume, focusing on INSS, SIAPE, and private payroll agreements.
With a consolidated presence in real estate, payroll, vehicle, and home equity credit, Teddy Open Finance, headquartered in São Paulo’s ABC region, forecasts accelerated growth in 2026, driven by regional expansion and the maturation of Consig 360.
The initiative is part of the company’s broader strategy to establish itself as Brazil’s leading payroll loan platform, powered by automation and process digitalization.
Consig 360 offers a unified system that connects banks, fintechs, and promoters through a single API-based workflow, integrating origination, onboarding, and portfolio assignment. The model eliminates manual steps and reduces operational costs — a significant advance in a market that still faces high inefficiency rates.
The Ilhéus branch, inaugurated in July 2024, has become the epicenter of Teddy’s operations in the Northeast. “Choosing Ilhéus was a strategic decision. Bahia has a strong base of qualified professionals and a growing financial ecosystem, especially in the payroll loan segment. The expansion of the branch reinforces our ability to innovate and serve the local market with cutting-edge technology,” said Wagner Ferreira, CEO of Teddy Open Finance.
For Marcone Amorim, Director of Payroll Loans at Consig 360, a physical presence in the region strengthens collaboration between teams and partners. “Being close to our clients in the Northeast allows us to develop solutions that truly meet the needs of local banks and correspondents”.
The development of Consig 360 in Ilhéus consolidates the fintech’s presence in the Northeast and strengthens the digitalization of the payroll loan ecosystem in Brazil, delivering greater efficiency to correspondents, financial institutions, and end customers.
With the branch now fully operational, Teddy reinforces its commitment to sustainable growth and technological innovation.
About Consig 360
Consig 360 is a platform developed by Teddy Open Finance that connects banking correspondents and payroll loan specialists to the country’s leading financial institutions. The solution allows users to compare rates and installments, originate proposals, and manage portfolios in real time, with transparency and agility.
About Teddy Open Finance
Teddy Open Finance is a fintech specializing in multichannel distribution of financial products, developing technology and infrastructure to transform how credit is delivered in Brazil.
Operating across multiple segments — including real estate, payroll, vehicle, and home equity credit — the company connects financial institutions, correspondents, and commercial partners in a digital ecosystem focused on efficiency, transparency, and security.
