Brazilian fintech company NG.Cash has announced a $15 million funding round, according to Techub News, citing Finextra Crypto. The company was founded by a former YouTuber and is focused on serving young people in Brazil who do not have access to bank accounts. Its offering centers on credit and cryptocurrency-related services for that segment. NG.Cash said the fresh capital will be used to support the expansion of those businesses. The report did not disclose additional details about the investors or the structure of the round, but it identified the raise as part of the company’s push to grow services aimed at underbanked users in Brazil.
Brazilian fintech firm NG.Cash has completed a $15 million funding round, according to Techub News, citing Finextra Crypto.
The company, founded by a former YouTuber, is aimed at young people in Brazil who do not have bank accounts. It provides credit and cryptocurrency services for that user group.
NG.Cash said the new funding will be used to support the expansion of its related businesses.
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