NG.CASH, a consumer fintech platform catering to Brazil’s digital-first generation, has raised US$26.5 million in a Series B funding round.

The investment was led by New Enterprise Associates (NEA), with additional participation from Quantum Light, an innovation-focused fund launched by Revolut founder Nikolay Storonsky, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma (founded by Ualá’s Pierpaolo Barbieri, who will also join the board), and Daphni.

“We’re building the future of financial access for a generation of Brazilians with solutions that empower financial independence and organisation,”

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.”

NG.CASH reports more than three million active accounts and offers a range of financial services.

Initially launched as a real-time payments platform, its current offering includes prepaid cards, device insurance, context-based instalment plans, and a conversational AI interface, many of which are provided through a core subscription model.

The company plans to use the funding to further develop its product suite, with a focus on regulated stablecoin accounts and underwriting models informed by user behaviour and long-term financial objectives.

Sá and three co-founders previously built Trampolin, a Banking-as-a-Service startup acquired by StoneCo.

Before that, Sá co-founded Neagle, one of Brazil’s largest creator channels.

NG.CASH continues to use its creator network to help drive engagement across its platform.

Featured image credit: Edited by Fintech News America, based on image by alexextrememail via Freepik