← Embedded Finance Index 2026

Capitual

Can a former Brazilian crypto-neobank reinvent itself as the institutional digital-asset infrastructure provider for large enterprises operating across fiat and crypto rails?

Founded2018
HQBarueri, São Paulo, Brazil
Latest roundLater Stage VC, $16.3M
IndustryFintech / Crypto
The story

Founded 2018 in Brazil as a hybrid digital banking platform with multi-currency wallets, instant FX, and crypto/fiat interoperability — operating a consumer app with 4M+ customers. By 2026 the company appears to have pivoted away from B2C to focus on institutional infrastructure: digital-asset integration, liquidity/payment rails, structuring, and strategic consulting for large organizations. The contact form explicitly carves out a separate channel for 'Suporte a clientes B2C (antigos usuários do app)' — 'former app users' — confirming the consumer product has been wound down.

Last 12 months
Product timeline
2018
Capitual founded as hybrid digital banking platform integrating fiat and crypto· banking
2026
Pivoted from consumer B2C app to institutional B2B digital-asset infrastructure· pivot
Regulated entities
1
regulatory licence held by Capitual
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Capitual’s embedded-finance stack
Payments / PSP
CapPay (self-operated)
Banking / BaaS
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.