Investment venture NG.CASH, supported by the National Endowment for the Arts, announces the completion of a $26.5 million Series B funding round.
NG.CASH, a Brazil-based consumer fintech platform, has recently announced the successful completion of a $26.5 million Series B funding round. The round was led by New Enterprise Associates (NEA), with participation from Quantum Light (an innovation-focused fund launched by Revolut founder Nikolay Storonsky), Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, and Daphni.
This fresh capital will be used to accelerate product innovation, particularly in stablecoin-related services and smarter credit underwriting. The company aims to develop next-generation financial products tailored for Brazil’s digital-first, Gen Z users.
Mario, a member of the NG.CASH founding team, previously co-founded Trampolin, a Banking-as-a-Service startup acquired by StoneCo (NASDAQ: STNE). Prior to founding NG.CASH, Mario co-founded one of Brazil's largest creator channels, Neagle. Under his leadership, NG.CASH offers a comprehensive suite of fintech products, including prepaid cards, device insurance, context-based installment plans, and a conversational AI interface.
The company's expansion strategy focuses on delivering these offerings mainly through an affordable subscription model aimed at financial empowerment and accessibility. NG.CASH currently boasts over three million active accounts and plans to invest strategically in innovations that align with Brazil’s evolving regulatory environment to maintain compliance while driving growth and engagement among its users.
Ualá founder Pierpaolo Barbieri, who also founded 17Sigma and is now joining the board of NG.CASH, expressed confidence in the platform being at the forefront of global payments and consumer fintech. Hunter Worland, Principal at NEA, shared similar sentiments, stating that NG.CASH is well-positioned to lead the way in payments and consumer fintech.
The NG.CASH team continues to leverage its creator ecosystem to drive millions of annual impressions. With this funding, the company will further accelerate the development and expansion of products at the leading edge of payments, including regulated stablecoin accounts and context-driven underwriting.
As NG.CASH moves forward, it plans to expand its all-in-one financial services ecosystem beyond real-time payments to include prepaid cards, device insurance, installment plans, and a conversational AI interface. This broad suite of offerings will help reinforce NG.CASH's positioning as a holistic financial hub integrated with AI technology and regulatory advancements.
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