NG.CASH, a Brazilian consumer fintech platform, closed a $26.5 million Series B funding round. New Enterprise Associates (NEA) led this investment.
Quantum Light, the fund from Revolut founder Nikolay Storonsky, participated. Monashees and Andreessen Horowitz also joined the round. This capital will expand product offerings and support user growth for NG.CASH.
NG.CASH Expands Fintech Offerings
NG.CASH currently serves over three million active accounts. Its comprehensive suite includes real-time payments, prepaid cards, and device insurance. The platform also offers context-based installment plans and a conversational AI interface.
Ualá founder Pierpaolo Barbieri's 17Sigma invested, with Barbieri joining the board.
The funding will accelerate development of regulated stablecoin accounts and context-driven underwriting. The founding team previously built Trampolin, a Banking-as-a-Service startup acquired by StoneCo. NG.CASH aims to enhance consumer finance access in Brazil.
