Brazilian fintech company NG.CASH has completed a $15 million strategic financing round, according to PR Newswire, with Blockchain Capital leading the investment. The company said its total funding has now exceeded $65 million since it was founded in 2021. NG.CASH also disclosed that it holds two licenses issued by Brazil’s central bank: one for direct credit operations and another as a payment institution. At the same time, it is applying for a virtual asset service provider license. Since launching in 2021, the company has surpassed 10 million accounts, while transaction volume on its platform has reached several billion dollars. The latest round adds to NG.CASH’s capital base as it expands its regulated financial and digital asset business in Brazil.
Brazilian fintech company NG.CASH has completed a $15 million strategic financing round, according to PR Newswire, with Blockchain Capital leading the deal.
The company said its total funding has exceeded $65 million since its founding in 2021.
NG.CASH said it currently holds two licenses issued by Brazil’s central bank, covering direct credit operations and payment institution services. It is also applying for a virtual asset service provider license.
Since 2021, NG.CASH has grown to more than 10 million accounts, and transaction volume on the platform has reached several billion dollars.
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