NG.CASH Secures $15 Million Investment to Expand Financial Services for Young Brazilians
Brazilian fintech company NG.CASH has raised an additional $15 million in funding, led by Blockchain Capital. This brings the total amount of capital secured since its founding in 2021 to over $65 million. The investment is part of a broader trend among venture firms seeking growth opportunities beyond the U.S., particularly in emerging markets like Brazil. NG.CASH began as an offshoot of a YouTube channel with 10 million subscribers and has grown into a financial platform serving more than 10 million users across Brazil, many from middle- and lower-income households. The company holds two Central Bank licenses and is working on securing a Virtual Asset Service Provider license to support its expansion in digital finance. The funding will help NG.CASH scale credit products such as Crédito CLT and Pix Crédito, with the goal of originating BRL 1 billion ($200 million) in credit by 2027. The company is also positioned to lead stablecoin and crypto adoption at a large scale due to its roots in digital culture.
Topics: blockchain fintech investment startup_growth