Pinbank, Secure Transfer and GrainChain launch app to facilitate used car sales in Brazil

According to the Senatran (National Traffic Secretariat) survey, Brazil has approximately 173 million vehicles, with over 40 million of them having some type of restriction in the system. Another survey by Fenauto (Federation of Used Vehicle Dealers) indicates that nearly 16 million used vehicles were sold in 2024. Thinking about optimizing the digitization, security, and speed of this market, Transferência Segura, Pinbankand GrainChain, developed in partnership with the app “SecureTransfer.com”. 

The platform combines regulatory access, bank-level security through escrow deposit, secure orchestration, and a single-flow journey for businesses and citizens. It works as follows: after the buyer and seller define the terms of the transaction, the system, connected to Renainf (National Registry of Traffic Infractions), identifies debts and restrictions to summarize the vehicle's status. Next, the buyer deposits the purchase amount into a regulated account, with automated legal-financial settlement; finally, the documentation is updated, funds are released, and the parties receive digital receipts.

For Pinbank's CEO, Felipe Negri, this structure could help reduce fraud, accelerate negotiations, and bring trust to both private and dealership transactions. "The secondary vehicle market in Brazil is huge, and currently, vehicle transfers can take weeks, besides bringing risks like scams, cancellations, and disputes. The idea of..."SecureTransfer.com"We eliminate these obstacles by offering more security and transparency to buyers and sellers. The escrow deposit eliminates the need for the infamous 'deposit' and prevents delays and headaches before the purchase is finalized," he says. 

Leandro Zanardi, CTO of 'SecureTransfer.comReinforces that digital transformation is inevitable. “Buying a car doesn't have to be a leap of faith or a complex and risky move. Therefore, we created an intuitive and secure platform that synchronizes payment completion with the legal transfer of ownership. All parties are informed in real-time about the status of the process," he explains.

Another differentiator is that the solution was designed with dispatchers in mind: each transaction is accompanied by a designated dispatcher individually linked to the operation, ensuring support and compliance at every stage. Furthermore, the platform is already integrated with over 240 vehicle inspection facilities nationwide.

The solution also features a robust audit layer, with each step verifiable and traceable, helping to detect irregularities early and enabling clear resolutions. "All phases are managed robustly, minimizing risks and enabling negotiations to be concluded in a matter of days," highlights Luis Macias, CEO of GrainChain.

The initial launch takes place in São Paulo and the Federal District, focusing on person-to-person transfers. The roll-out to other states and for legal entities and retailers is already underway, with plans for accelerated expansion. The service will be available on a web portal and mobile app (iOS and Android), with tiered plans for high-volume partners. Marketplaces and dealerships will be able to integrate the tool as white-label or via API.