NG.CASH has completed a $26.5 million Series B funding round to expand its financial services platform targeting Brazil’s digital-native consumers. The Brazilian fintech startup secured investment from New Enterprise Associates, which led the round alongside notable participants including Quantum Light and Andreessen Horowitz.
The funding represents a significant milestone for the São Paulo-based company, which has built a user base exceeding three million active accounts since its inception. NG.CASH positions itself as a comprehensive financial platform designed specifically for Brazil’s younger, digitally-oriented demographic.
From Payments Platform to Financial Superapp
NG.CASH began as a real-time payments solution but has since diversified into a broader fintech offering. The platform now provides prepaid cards, device insurance coverage, installment payment options, and artificial intelligence-powered customer interactions. Many of these services are packaged within a subscription-based model.
“We’re building the future of financial access for a generation of Brazilians” said Mario Augusto Sá, the company’s chief executive. The funding will enable NG.CASH to accelerate product development, particularly in emerging areas such as regulated stablecoin accounts and sophisticated underwriting systems.
Investor Confidence in Brazilian Market
The investment round attracted participation from several prominent venture capital firms beyond NEA. Quantum Light, the innovation fund established by Revolut founder Nikolay Storonsky, joined existing investors Monashees and newer participants including Endeavor Catalyst and Daphni. Additionally, 17Sigma, founded by Ualá creator Pierpaolo Barbieri, contributed to the round, with Pierpaolo Barbieri joining NG.CASH’s board of directors.
Hunter Worland, a principal at NEA, expressed confidence in the company’s trajectory. “We believe NG.CASH is at the frontier of global payments and consumer fintech” he stated, highlighting the management team’s deep understanding of their customer base.
Proven Leadership Team
The NG.CASH leadership brings substantial experience from previous ventures in Brazil’s technology sector. Mario Augusto Sá and three co-founders previously developed Trampolin, a Banking-as-a-Service startup that StoneCo acquired. Before that entrepreneurial success, Sá co-founded Neagle, which grew into one of Brazil’s largest creator-focused platforms.
The company continues to leverage connections within Brazil’s creator community to generate millions of annual brand impressions, demonstrating an integrated approach to customer acquisition and engagement.
Strategic Focus on Advanced Financial Products
With the fresh capital, NG.CASH plans to advance its development of next-generation financial tools. The company intends to introduce regulated stablecoin account options, reflecting growing interest in digital currency solutions among Brazilian consumers. Additionally, the platform will enhance its context-driven underwriting capabilities, designed to support users’ long-term financial planning objectives.
The Series B funding positions NG.CASH to compete more aggressively in Brazil’s competitive fintech landscape, where traditional banking services often fall short of meeting younger consumers’ expectations for digital-first financial experiences.