The Brazilian Central Bank ordered the extrajudicial liquidation of three entities in the prudential Conglomerate Entrepay on Friday. These were: Octa Sociedade de Credito Direto SA; Acqio Adquiracion Instituicao de Pagamento SA and Entrepay Instituicao de Pagamento SA.
In a press release, the regulator stated that its decision was based on the weak financial and economic conditions of the leading institution of the conglomerate as well as the violations of regulations which govern the operation of this institution. The regulator also highlighted “abnormal risks” for creditors.
This measure involves the liquidation of the entitys in a process that is not judicially supervised, but by the Central Bank.
The regulator said that it would continue to utilize all the legal tools available to them to conduct an investigation into the case.
In accordance with the applicable laws, these investigations could lead to sanctions or referrals of the relevant authorities.
The Central Bank also ordered that assets of several former and current directors of liquidated institutions be frozen.
The financial system of Brazil has a small footprint
Entrepay is classified as a “small entity” under Segment 4 (S4) in Brazil’s regulatory framework.
In December 2025 it represented about 0.009% the assets total of the National Financial System.
Central Bank stated that the liquidated institutions, in spite of their small size, do not possess funding instruments protected by the Credit Guarantee Fund. This means such protections would not be available.
Cassio Haig Varatian, an ex-employee, has been appointed as liquidator by the Central Bank to manage the entire process.
Vartanian was previously a liquidator for Companhia Hipoteccao Brasileira.
The Group has already announced that it is winding down its operations
In a statement sent to the local press, Grupo Entre confirmed that, following Friday’s announcements, it was informed by the Central Bank of its decision to liquidate Entrepay Instituicao de Pagamento and Acqio Adquiracion as well as Octa Sociedade de Credito Direto.
The group stated that it has already started a process of winding down these companies.
The effort to ensure a smooth transfer was part of an overall strategic review of the company’s business portfolio.
Grupo Entre said that the restructuring process was also designed to fulfill existing obligations, and to maintain continuity of operations during the transition. The company didn’t provide any further information on the timeline or scope of the restructuring.
Business continuity and cooperation with authorities
Grupo Entre has reaffirmed their commitment to cooperate fully with the authorities. This includes providing any clarifications needed as liquidation progresses.
The group stated that it would continue to monitor the situation through institutional channels.
The company said that it prioritizes minimizing the impact of the project on its clients, partners and other stakeholders.
It also stated that the company maintains other companies that will operate normally despite the liquidation three entities related to Entrepay.
It was announced that the Central Bank will continue its investigation into the facts surrounding this case. The findings may lead to further legal or administrative consequences.
As new information becomes available, this post Brazil Central Bank orders liquidations of Entrepay units due to risks could be updated.
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