NEA-Backed NG.CASH Announces the Close of $26.5M Series B

The Brazilian financial technology company plans to use capital to expand its product offerings and support continued user growth

SÃO PAULO--(BUSINESS WIRE)--NG.CASH, a consumer fintech platform built to serve Brazil’s digital-first generation, has announced the close of a $26.5 million Series B funding round. The investment was led by New Enterprise Associates (NEA) with participation from Quantum Light, the innovation-focused fund launched by Revolut founder Nikolay Storonsky, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, founded by Ualá founder Pierpaolo Barbieri who is also joining the board, and Daphni.

“We’re building the future of financial access for a generation of Brazilians with solutions that empower financial independence and organization,” said Mario Augusto Sá, CEO of NG.CASH. “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.”

With over three million active accounts, NG.CASH offers a comprehensive suite of fintech products. Originally launched as a real-time payments platform, NG.CASH has since expanded its offering to include prepaid cards, device insurance, context-based installment plans, and a conversational AI interface - many of which are bundled under a core subscription offering. With this funding, NG.CASH will accelerate the development and expansion of products at the leading edge of payments, including regulated stablecoin accounts and context-driven underwriting that is designed to support users’ long-term financial goals.

“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,” said Hunter Worland, Principal at NEA. “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.”

Mario and three members of the NG.CASH founding team previously built Trampolin, a Banking-as-a-Service startup acquired by StoneCo (NASDAQ: STNE). Prior to that, Mario co-founded one of Brazil’s largest creator channels, Neagle. The NG.CASH team continues to leverage its creator ecosystem to drive millions of annual impressions.

About NG.CASH
NG.CASH was created to bring greater financial freedom and autonomy to millions of Brazilians seeking new ways to manage their money. Since its founding, it has raised funding from leading global investors including NEA, Andreessen Horowitz, Monashees, Endeavor Catalyst, and Quantum Light, as well as entrepreneurs behind companies like Revolut, Brex, Rappi, Stone, and Movile. More than a digital bank, NG.CASH combines cutting-edge technology and smart design to deliver services beyond traditional banking, empowering people to manage, move, and grow their money in ways that align with their lives.
Learn more at www.ng.cash.