About FinTech sector in Brazil
The FinTech sector in Brazil comprises 2.58K companies, including 727 funded companies having collectively raised $17.7B in venture capital money and private equity. Out of these, 305 are Series A+ funded, and 12 have achieved unicorn status.
FinTech sector in Brazil has seen 160 acquisitions and 11 IPOs. This represents almost 6.6% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Brazil
There are 2,583 FinTech startups in Brazil which include Nubank, Neon, ContaAzul, NG.CASH, Remessa Online. Out of these, 727 startups are funded, with 305 having secured Series A+ funding, and 12 achieving unicorn status.
Over the past 10 years, an average of 148 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Pontifical Catholic University of Rio de Janeiro, Stanford University and Stanford Business School.
Here is the list of top FinTech startups in Brazil
1. Nubank
Provider of digital banking services, including credit cards and accounts. It offers various financial solutions through its application. These solutions include tools for managing money and protecting finances. The company focuses on providing accessible and straightforward banking experiences.
Key facts about Nubank
- Founded Year: 2013
- Location: Sao Paulo (Brazil)
- Stage: Public
- Total Funding till date: $2.27B
- Investors: DST Global, Sequoia Capital and 38 Others
- Latest Funding Round: Series G, Jun 08, 2021, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 156 Competitors
2. Neon
Provider of an online bank for consumers. Its services include deposit accounts, money transfers, bill payments, NFC-enabled debit cards for online/offline purchases, and cash withdrawals. It offers an app-based platform that is available on iOS and Android stores.
Key facts about Neon
- Founded Year: 2016
- Location: Sao Paulo (Brazil)
- Stage: Series E
- Total Funding till date: $924M
- Investors: BBVA, General Atlantic and 20 Others
- Latest Funding Round: Series E, Jul 10, 2025, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 3 of 115 Competitors
3. ContaAzul
ContaAzul provides a cloud-based accounting solution for SMBs. It features sales management, inventory management, invoice management, accounts payable/receivables management, financial reporting, etc. Offers multiple subscription plans depending on the number of users and invoices.
Key facts about ContaAzul
- Founded Year: 2012
- Location: Joinville (Brazil)
- Stage: Acquired
- Total Funding till date: $40.9M
- Investors: Ribbit Capital, 500 Global and 5 Others
- Latest Funding Round: Series D, Apr 03, 2018, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 4 of 3,439 Competitors
4. NG.CASH
Digital wallet to all age groups for financial independence. Provides wallet account, physical or virtual card, and to schedule the allowance. Enables to make instant transfers, personalize the card by registering the name, discounts on purchases, and more. Application is made available for Android and iOS platforms.
Key facts about NG.CASH
- Founded Year: 2021
- Location: Rio de Janeiro (Brazil)
- Stage: Series B
- Total Funding till date: $50M
- Investors: Monashees, Andreessen Horowitz and 11 Others
- Latest Funding Round: Series B, Jul 14, 2025, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 6 of 2,436 Competitors
Remessa Online is an platform for consumers and businesses to make international payments. The payments are made online by the consumers which are routed via banking partnerships. This is a service by BeeCambio.
Key facts about Remessa Online
- Founded Year: 2016
- Location: Sao Paulo (Brazil)
- Stage: Acquired
- Total Funding till date: $21.5M
- Investors: Bewater Ventures, Kaszek and 4 Others
- Latest Funding Round: Series B, Jun 16, 2020, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 3 of 1,050 Competitors
Companies founded year-on-year in the FinTech sector in Brazil
310 FinTech startups in Brazil were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 6 |
2024 | 28 |
2023 | 66 |
2022 | 110 |
2021 | 227 |
2020 | 310 |
2019 | 280 |
2018 | 263 |
2017 | 198 |
Stage-wise distribution of FinTech sector companies in Brazil
Out of the total 2,583 FinTech companies in Brazil, 727 have secured funding. Among them, 305 have reached Series A or higher, and 228 to Series B or beyond.
Founded - 2,583
Funded - 727
Series A+ - 305
Series B+ - 228
Series C+ - 197
Company Stage | No. of companies |
|---|---|
Founded | 2,583 |
Funded | 727 |
Series A+ | 305 |
Series B+ | 228 |
Series C+ | 197 |
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Funding Trends in the FinTech sector in Brazil
Total funding year-on-year in the FinTech sector in Brazil
The FinTech sector in Brazil saw a total funding of more than $16B in the last 10 years. The most amount of funding was in 2021 at more than $5.43B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.21B |
2024 | $1.17B |
2023 | $645M |
2022 | $1.97B |
2021 | $5.43B |
2020 | $1.96B |
2019 | $2.41B |
2018 | $749M |
2017 | $174M |
Recent Funding Rounds in FinTech in Brazil
In the year 2025, till December 2025, FinTech companies in Brazil have raised $623M in equity funding across 50 rounds.
In the same period last year (i.e. till December 2024), FinTech companies in Brazil had raised $907M across 70 rounds.
So, 2025 has seen a 31.31% drop in funding in FinTech companies in Brazil as compared to 2024.
Here are some recent, important funding rounds in FinTech companies in Brazil:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 8441 | Dec 16, 2025 | ||
Seed | 5769 | Dec 10, 2025 | and 4 more | |
Series A | 5133 | Dec 08, 2025 | ||
Series G | 7788 | Dec 01, 2025 | ||
Series B | 4598 | Nov 27, 2025 | and 3 more |
Top Investors in FinTech in Brazil
Plug and Play Tech Center is the top investor in FinTech companies in Brazil based on number of companies invested.
Here are some top investors in FinTech companies in Brazil:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
San Francisco (United States) | ||
Washington, DC (United States) | ||
Buenos Aires (Argentina) | ||
New York City (United States) |
M&A activity in FinTech sector in Brazil
In the year 2025, till December 2025, 20 acquisitions happened in FinTech sector in Brazil. Last year, in 2024, a total of 21 acquisitions happened in FinTech sector in Brazil.
Here are some recent, important acquisitions in FinTech sector in Brazil:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Oct 08, 2025 | ||
Business Acquisition | Aug 26, 2025 | ||
Business Acquisition | Aug 07, 2025 | ||
Business Acquisition | Aug 01, 2025 |
Acquisition trends in FinTech sector in Brazil
Here are the acquisition trends in FinTech sector in Brazil:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 20 |
2024 | 21 |
2023 | 26 |
2022 | 31 |
2021 | 28 |
2020 | 18 |
2019 | 4 |
2018 | - |
2017 | - |
IPOs in FinTech in Brazil
In the year 2022, till June 2022, 1 IPO happened in FinTech sector in Brazil.
Here are some recent, important IPOs in FinTech sector in Brazil:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 24, 2022 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Dec 10, 2021 | Brazil Stock Exchange (B3) | |
Dec 09, 2021 | New York Stock Exchange (NYSE) | |
Oct 22, 2021 | Brazil Stock Exchange (B3) | |
Jul 30, 2021 | Brazil Stock Exchange (B3) |
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Colleges which produce the most FinTech companies in Brazil
Companies founded by alumni from top colleges in the FinTech in Brazil
Most number of FinTech startups in Brazil have been founded by alumni from Pontifical Catholic University of Rio de Janeiro, Stanford University and Stanford Business School.
College | No. of companies |
|---|---|
Pontifical Catholic University of Rio de Janeiro | 20 |
Stanford University | 18 |
Stanford Business School | 12 |
University of Chicago | 7 |
Columbia Business School | 6 |
Harvard Business School | 6 |
Harvard University | 6 |
Kellogg School of Management | 6 |
Columbia University | 5 |
INSEAD | 5 |
Total funding in FinTech companies founded by alumni from top colleges in Brazil
In the last 10 years, INSEAD graduates' FinTech companies in Brazil have raised the most funding among top colleges. Stanford University alumni are second, and Stanford Business School alumni are third.
College | Total Funding |
|---|---|
INSEAD | $4.5B |
Stanford University | $4.48B |
Stanford Business School | $4.45B |
Kellogg School of Management | $4.15B |
Princeton University | $4.15B |
Cornell University | $1.58B |
Pontifical Catholic University of Rio de Janeiro | $704M |
Columbia University | $456M |
University of Pennsylvania | $449M |
Columbia Business School | $444M |
Top News in FinTech in Brazil
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Nubank's Nu Asset Launches New Private Credit ETF NLFA11 to Complement Fixed-Income Shelf in BrazilCrowdfund Insider•Dec 22, 2025•Nubank
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Circle Collaborates with Pismo and Visa to Launch Vietnam’s First AI-Powered PayLater CardBusiness Wire•Dec 04, 2025•Pismo, Circle, Visa, Circle and 4 others
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Evertec abandons the Sinqia brand, plans new acquisitions, and aims for US$1 billion in revenueFusoes & Aquisicoes•Nov 15, 2025•Sinqia, EVERTEC
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Zenith Leisure partners with Pismo to launch Multi-Currency Visa Prepaid Forex CardPR Newswire•Oct 08, 2025•Pismo, Zenith Holidays
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Visa, Pismo Partner with ABN AMRO to Launch Gen Z Challenger Card BUUTThe Fintech Times•Oct 05, 2025•Pismo, Visa
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180 Seguros raises $9.2M in debt and equity dealLatamList•Sep 09, 2025•180 Seguros, Monashees, Canary, 8VC and 3 others
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Intel partners with sanctioned Chinese facial recognition companiesBiometricUpdate.com•Aug 28, 2025•Univision, Intel, Hikvision, Cloud Walk
