Brazil (is not) for Beginners

Brazil (is not) for Beginners

Brazil (is not) for Beginners is a podcast about the opportunities and challenges of doing business in Brazil. Host Isaac Matzner is the co-founder of Teddy and has been living and working in Brazil for the better part of a decade. He is based in São Paulo.

  1. Beyond Big Banks: How Sicoob’s Cooperative Model is Helping to Shape the Future of Financial Access in Brazil

    FEB 5

    Beyond Big Banks: How Sicoob’s Cooperative Model is Helping to Shape the Future of Financial Access in Brazil

    Welcome to the new season of Brazil (is not) for Beginners! To kick things off, host Isaac Matzner sits down with Louize Oliveira, Coordinator of Sustainability at Sicoob, one of Brazil’s largest banking cooperatives. While Brazil has historically been dominated by big-banks, Louize explains how Sicoob, which serves over 9 million members across 2,400 cities – including 450 communities where traditional banks simply don't exist – together with other cooperatives, are charting a different course. She shares the largely unknown history of cooperative banking in Brazil, from its origins in Brazil’s 19th-century colonies to Sicoob's powerful "phygital" model that blends local presence with digital solutions. Louize further delves into Sicoob's innovative approach to financial education, particularly how identifying "teachable moments" can transform financial literacy, reduce credit risk, and build customer loyalty. This conversation reveals how understanding local needs, fostering community, and embracing a sustainable growth mindset are not just good principles but crucial competitive advantages in Brazil's unique market. Other key topics include: The fundamental differences between cooperative banking and traditional banks. Sicoob's growth and its impact on financial inclusion throughout Brazil. The historical roots and evolution of the cooperative banking movement in Brazil. The critical role of financial education and literacy in Brazil's post-pandemic economic landscape. How "teachable moments" are utilized to increase financial understanding and reduce debt. Sicoob’s "phygital" model: leveraging both physical branches and digital tools for broader reach. Navigating the complexities and vast opportunities within Brazil's financial sector. And lots more...

    33 min
  2. Staying curious and spotting emerging trends with Kanoa Capital's Guilherme Bonifácio

    09/18/2025

    Staying curious and spotting emerging trends with Kanoa Capital's Guilherme Bonifácio

    In this episode of Brazil (is not) for Beginners, Isaac sits down with Guilherme Bonifácio, one of Brazil’s most successful serial entrepreneurs and co-founder of Kanoa Capital, a pioneer in the search fund space. Guilherme was one of the co-founders of iFood, the market leader in food delivery in Brazil, but this episode focuses on Guilherme’s journey after iFood, in particular his experience founding Mercê do Bairro, and ultimately deciding to close the company and return $7 million to investors as well as his most recent venture Kanoa Capital. Guilherme shares what he learned from his experience with Mercê, why he made the decision to winddown and return funds to his investors, and what it reveals about resilience and responsibility in entrepreneurship. The conversation then moves on to Guilherme’s newest venture where he is focused on search funds and their growing relevance in the Brazilian market. Guilherme further reflects on his broader personal journey, including his earlier role as a co-founder of iFood, and how these experiences continue to shape his long-term vision with Kanoa Capital.   Other key topics include: • The responsibilities of founders and the importance of staying humble • Why it’s important for founders to understand the mechanics of venture capital and the interests and motivations of your investors • Why Guilherme believes so strongly in the enormous potential of search funds in Brazil • Key qualities and traits for successful searchers and business strategies • And lots more...

    50 min

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About

Brazil (is not) for Beginners is a podcast about the opportunities and challenges of doing business in Brazil. Host Isaac Matzner is the co-founder of Teddy and has been living and working in Brazil for the better part of a decade. He is based in São Paulo.