NG.Cash, a Brazilian digital bank for Gen Z, closed a $27 M Series B round led by L4 Venture Builder with participation from Vox Capital and Monashees.
“We’re bringing responsible, accessible credit to young Brazilian adults, with tools that foster autonomy and improve money management,” said co‑founder and CEO Mario Augusto Sá. NG.Cash will use the new capital to bolster its models and roll out AI tools that personalize loan limits.
Launched in 2021 by Sá, Luiz Felipe Carvalho, Antonio Nakad, Petrus Arruda, and Victor Trindade, NG.Cash offers a digital account, prepaid Mastercard, insurance, and budgeting features. The app serves more than 7M users and has doubled its monthly active accounts over the past year.
Read more on: Finsiders Brasil
