Brazilian Neobank Pinbank raised $19.6M through a Credit Rights Investment Fund (FIDC) structured and distributed by XP.
Pinbank provides payment solutions and financial services for businesses through its acquiring platform, enabling merchants to accept card payments, Pix transactions, and digital wallet payments, while accessing financial products that support their operations.
With the new funding, Pinbank will expand the financing capacity of its acquiring business and accelerate its next phase of growth following a strategic repositioning, corporate reorganization, and investments in its technology infrastructure.
Pinbank processes about $784.4M in payment volume annually. Pinbank expects to generate $29.4M in revenue in 2026, representing 50% growth from the previous year.
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