Brazilian fintech NG.CASH secured $15 million in strategic funding led by Blockchain Capital, pushing total capital above $65 million since 2021, to expand consumer credit offerings and prepare crypto services for Brazilian users. Founded from a popular YouTube channel, NG.CASH now serves around 10 million users with accounts, prepaid cards, Pix payments, savings, and key credit products Crédito CLT and Pix Crédito, supporting its goal of BRL 1 billion in credit originations by 2027. The company is seeking a Virtual Asset Service Provider license from Brazil’s Central Bank, which would complement its existing payment and direct credit licenses and allow it to launch regulated digital asset services across Latin America’s largest economy.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.