Brazil-based FinTech firm NG.CASH, a digital platform catering to the country’s Gen Z consumers, has raised $26.5m in its latest Series B funding round.
The investment was led by New Enterprise Associates (NEA) and included backing from Quantum Light, the innovation-focused fund founded by Revolut’s Nikolay Storonsky, alongside Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, and Daphni. Notably, 17Sigma founder and Ualá CEO Pierpaolo Barbieri is also joining NG.CASH’s board.
NG.CASH initially launched as a real-time payments platform but has since broadened its product suite to include prepaid cards, device insurance, AI-powered financial tools, and tailored instalment plans. These offerings are primarily bundled within a core subscription service aimed at providing affordable, accessible financial services to young Brazilians.
The fresh capital will be used to accelerate product development in emerging areas of the FinTech landscape, including regulated stablecoin accounts and context-aware underwriting solutions designed to help users work towards long-term financial goals. NG.CASH is positioning itself at the intersection of financial independence and smart digital innovation.
With over three million active accounts, the company has experienced rapid growth since its inception. Its conversational AI interface and embedded financial products are designed to meet the dynamic needs of Brazil’s digital-first generation. The firm also continues to benefit from the reach of its creator ecosystem, which generates millions of impressions annually.
NG.CASH CEO Mario Augusto Sá said, “We’re building the future of financial access for a generation of Brazilians with solutions that empower financial independence and organization. This raise is the result of years of dedication and rapid growth. It’s a milestone for our entire team, and allows us to continue scaling and delivering more value to our customers.”
NEA principal Hunter Worland said, “We believe NG.CASH is at the frontier of global payments and consumer fintech, effectively leveraging the tectonic shift toward real-time payments to create a generational, iconic company. It’s hard to imagine a better team profile to build this company which is reflected in the product and validated in the tremendous traction, which comes from a management that is truly embedded in the problems, opportunities, and financial realities of their customers. We’re proud to support NG.CASH as it pioneers one of the defining consumer fintech platforms of its generation.”
Before founding NG.CASH, Mario and three of his co-founders had built Trampolin, a Banking-as-a-Service platform that was acquired by StoneCo. Mario also co-founded Neagle, one of Brazil’s largest creator channels, which continues to support NG.CASH’s brand and user engagement strategy.
Copyright © 2025 FinTech Global
