Overview
FITS (FitBank), presented on the FitBank domain, is a Brazilian payment institution and BaaS provider. The legal entity named is FITS INSTITUIÇÃO DE PAGAMENTO S.A., with CNPJ 13.203.354/0001-85, and the office is in São Paulo.
Services According to the company, FITS provides banking-as-a-service, payment and bill-payment processing, Pix, escrow and white-label banking on its own infrastructure. Pix is the payment channel listed.
Partner banks Itaú is named as a correspondent for specified bill-payment services. That relationship applies to those services only and should not be read as Itaú being the issuer behind every FITS product.
Positioning FITS is a financial infrastructure provider. Its products should not automatically be treated as bank deposits, and card BINs used in its programmes should not all be attributed to FITS itself. The company is also known as FitBank.
Who it suits The published segments are fintech companies, banks and financial institutions, and businesses. A fintech planning a Brazilian launch that needs Pix, escrow or bill payments within one integration would be the natural client; sponsor structure and pricing are discussed per programme.
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