Banco do Brasil and iFood Partner to Launch Vehicle Financing for Delivery Drivers

Banco do Brasil and iFood have entered a strategic partnership to provide delivery drivers with specialized vehicle financing through the Move Brasil Motos credit line. This collaboration addresses a critical gap in the gig economy by using platform performance data to facilitate credit access for a demographic traditionally underserved by conventional banking institutions.

What was announced

The partnership focuses on the Move Brasil Motos program, a credit initiative designed to help delivery workers acquire new vehicles. The program is specifically tailored for motorcyclists and cyclists who have been active on transportation or delivery platforms for at least six months and have completed a minimum of 100 trips or deliveries. By integrating iFood’s internal data, the institutions aim to identify eligible drivers and offer financing that reflects their actual earnings history rather than just traditional credit scores.

The financial terms of the Move Brasil line are highly structured to support gig workers. It allows for the financing of 100% of the value of new motorcycles, mopeds, scooters, and electric bicycles. The repayment terms extend up to 48 months and include a two-month grace period before the first payment is due. Notably, the interest rates are tiered by gender, set at 0.90% per month for women and 0.97% per month for men. The application process is digitized, allowing drivers to perform loan simulations and contract services through the Banco do Brasil app or at physical branches.

Eligibility is currently limited to delivery drivers registered with iFood as individuals. While the partnership streamlines the application process, all loans remain subject to standard resource availability, economic-financial approval, and technical feasibility assessments by the bank.

"Banco do Brasil has sought to build strategic partnerships to generate positive impact and financial inclusion. By establishing this agreement with iFood, we combine the platform's proximity to its delivery partners with the Bank's solidity and expertise in offering financial solutions. In this way, we expand the reach of the Move Brasil Program and reinforce our commitment to being ever closer to the workers and entrepreneurs who drive the Brazilian economy, offering products and services tailored to their needs and promoting a more sustainable and inclusive financial relationship,"

Julio Vezzaro, Director of Corporate and Investment Bank at Banco do Brasil.

The companies involved

Banco do Brasil is one of the oldest and largest financial institutions in Latin America. As a major force in the Brazilian banking sector, it plays a dual role as a commercial bank and a key instrument for government economic policy, particularly in the agricultural and infrastructure sectors. The bank has increasingly focused on digital transformation to maintain its market share against a rising tide of domestic neobanks.

iFood is the leading food delivery platform in Brazil, commanding a significant portion of the domestic market. Beyond food delivery, the company has expanded into grocery and pharmacy logistics, creating a massive ecosystem of partner merchants and independent contractors. As a dominant player in the Brazilian gig economy, iFood has faced increasing pressure to improve the working conditions and financial stability of its delivery fleet. This partnership represents a move to leverage its vast data reserves to provide tangible financial benefits to its workforce without directly assuming the credit risk of a lender.

What FF News has reported before

FF News has previously tracked the technological evolution of Brazil's largest lender. Recently, we covered how Banco do Brasil Deploys NICE Agentic AI to Transform Relationship Banking Workflows, highlighting the institution's commitment to modernizing its service delivery. Additionally, the broader fintech landscape in which these companies operate continues to gain global recognition, as seen when Napier AI Joins CNBC’s World’s Top Fintech Companies 2026 for Regtech Innovation, showcasing the high standards of compliance and technology required in modern financial ecosystems.

What this means

This move signals a maturing of the gig economy in Brazil, where platform data is finally being treated as a legitimate proxy for creditworthiness. For the banking sector, this is a direct challenge to traditional risk models that often exclude informal or platform-based workers. By utilizing "earnings history" as a core metric, Banco do Brasil is positioning itself to capture a massive segment of the labor market that neobanks have previously targeted with more agility. The industry must now consider whether platform-agnostic credit scores are becoming obsolete in favor of ecosystem-specific financial identities. The pressure is now on competing delivery platforms to offer similar financial pathways to retain their courier fleets.