Olé Consignado

Olé Consignado, established in 2016, operates within the Credit Cards & Transaction Processing and Finance industries. Based in Belo Horizonte, Minas Gerais, Brazil, the company focuses on providing specialized financial products. Its primary offering is the Cartão Consignado, a credit card designed with unique features for its target demographic. The company's operational scale is supported by a team of 500-1,000 employees, contributing to its service delivery and market presence.

The Cartão Consignado offers significant advantages, including a no-annual-fee structure and the unique ability for minimum statement amounts to be deducted directly from the user's salary. This feature is complemented by reduced interest rates compared to standard credit cards, and customers can access up to 70% of their credit limit through cash withdrawals. The card also integrates with the Esfera rewards program, providing exclusive benefits. For those interested in the people behind these services, they can Meet Olé Consignado's team to understand the organizational structure driving these offerings.

This financial instrument is specifically tailored for public employees and INSS retirees, offering them accessible credit solutions. Beyond core credit features, the card includes supplementary benefits such as life insurance and funeral assistance, enhancing its value proposition. Customers can initiate applications through Santander's network of specialists or banking correspondents. Olé Consignado generated revenue of $164.9M, underscoring its financial activity and market penetration within Brazil.