- Founded
- 2019-01-01 in Campinas, São Paulo, Brazil
- Headquarters
- Campinas, São Paulo, Brazil
Ecomovi is a Brazilian payment institution headquartered in Campinas, São Paulo, founded on March 15, 2019. The company operates as a multi-service hub focused on financial transaction processing, salary advance solutions, and instant payment (PIX) services. Ecomovi positions itself as a provider of digital banking, payroll advance, and payment code generation for businesses, targeting both employers and employees with real-time access to earned wages. Its main differentiator is an algorithm that enables salary advances up to 40% without credit checks (SPC or SERASA). The company also offers digital banking accounts for individuals and businesses, insurance partnerships, and a HUB Business platform for managing independent wallets. Ecomovi processes PIX payments and acts as a receiving agent for transactions. Despite its services, the company has received over 200 complaints on Reclame Aqui, primarily related to PIX fraud and chargeback issues, though it responds to nearly all complaints. Ecomovi is a relatively small, privately held fintech with limited public-facing executive data.
Detailed Review
Ecomovi operates as a licensed payment institution in Brazil, authorized to process financial transactions including PIX transfers, salary advances, and digital banking services. Its core product is a salary advance algorithm that allows employees to access up to 40% of their earned wages at any time via a mobile application, 24/7, without traditional credit analysis. The company claims to be the only system working with this algorithmic approach. For businesses, Ecomovi provides a payment code system to pay employees while avoiding labor lawsuits, as it generates its own codes. It also integrates with banks, financeiras, and funds to create CCB (Cédula de Crédito Bancário) automatically and sign them digitally for fully automated credit disbursement.
Ecomovi's services include digital banking (for individuals and corporate accounts), insurance through partnerships, and a HUB Business for managing independent wallet operations. The company emphasizes real-time processing and 24/7 availability. However, third-party reports indicate the company has been involved in controversies regarding PIX fraud, with numerous complaints on Reclame Aqui (218 complaints as of the latest data, with 99.5% response rate). Some reports label the company as a receiving agent for PIX transactions, suggesting it may be used as an intermediary in fraudulent schemes. The company's legitimacy as a payment institution appears to be registered, but its reputation is mixed.
Ecomovi's website is the primary source of product information, but it lacks detailed leadership or financial disclosures. The company is not publicly traded and does not appear to have major press coverage or funding rounds publicly reported. Its headcount is unknown; based on the nature of its operations and lack of prominent executive profiles, it is likely a small to medium-sized enterprise.
Key Products
Algoritmo Ecomovi (Salary Advance)
A proprietary algorithm enabling employees to withdraw up to 40% of their salary in advance, 24/7, via mobile app, without credit checks (SPC/SERASA).
Código de Pagamentos
Payment code generation system for employers to pay employees, designed to avoid labor litigation by creating own payment codes.
Integração com Bancos, Financeiras e Fundos
Automated creation of CCB (Cédula de Crédito Bancário) with digital signing for instant credit disbursement.
PIX
Instant payment and receipt processing for individuals and businesses.
Digital Banking
Banking services for individual (PF) and corporate accounts, including salary accounts.
Seguro
Insurance brokerage in partnership with major insurers, offering below-market rates.
HUB Business
Multi-service hub for managing independent wallets with own administration.