Digital bank NG.CASH raised a $12.5M Series A round led by monashees. Andreessen Horowitz, 17Sigma, Tekton Ventures, and The Generalist also participated. This funding follows their $10M Seed round in August 2022.
NG.CASH will use the investment to expand its team, enhance its product portfolio, and support operational growth.
NG.CASH is a neobank providing financial services tailored to Generation Z, including bank accounts, prepaid credit cards, Pix payments, and cryptocurrency investments.
“We like to say that we are the bank for Generation Z, not just a bank for teenagers. We will mature with this generation, offering products specifically designed for them, using data on our customers’ behavior,” said Petrus Arruda, co-founder and COO at NG.CASH.
Founded in 2021, NG.CASH has processed over $380M in transactions since its inception.
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