NG.CASH Secures $26.5 Million in Series B Funding Round
Funded initiative NG.CASH, backed by NEA, publicly declares successful completion of $26.5 million Series B round
NG.CASH, a fintech platform catering to Brazil's digital-first generation, has announced the successful closure of a $26.5 million Series B funding round. The investment was led by New Enterprise Associates (NEA), with participation from a diverse group of investors including Quantum Light (Revolut founder Nikolay Storonsky’s fund), Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma (founded by Ualá’s Pierpaolo Barbieri, who will join the board), and Daphni.
Founded in 2021 by CEO Mario Augusto Sá, COO Petrus Ballhausen Arruda, and CMO Antônio Nakad, NG.CASH initially focused on real-time payments using Brazil’s PIX system. However, the platform has since expanded to offer prepaid cards, device insurance, context-based installment plans, a conversational AI interface, and a core subscription model that bundles multiple services.
Currently, NG.CASH serves over three million active accounts. The new funding will support the scaling and acceleration of product development, with a focus on introducing regulated stablecoin accounts and context-driven underwriting. These new features aim to personalize credit models based on user behavior and long-term financial goals.
The team behind NG.CASH brings a wealth of fintech experience, having built and sold Trampolin, a Banking-as-a-Service startup acquired by StoneCo. They continue to leverage a strong network of digital creators to engage users and foster platform growth.
NG.CASH is committed to building financial solutions that promote financial independence and organization for Brazilians. With the funds from this round, the company aims to continue scaling and delivering more value to its customers. The platform is positioning itself as a next-generation consumer fintech solution, blending real-time payments, digital banking services, AI interfaces, and emerging fintech tools like stablecoins to cater to the needs of young, digitally native consumers.
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- In the realm of finance and technology, NG.CASH, a fast-growing fintech company backed by investors like NEA, a16z, and the Revolut founder's Quantum Light fund, is poised to revolutionize the Brazilian market with its expanding suite of services, including regulated stablecoin accounts and context-driven underwriting, designed to personalize credit models and long-term financial goals.
