“Can a modular Brazilian financial infratech become the single regulatory and technology layer that any company — fintech, ERP, retailer or bank — needs to embed banking, credit, and payments under its own brand?”
Founded in 2016 as a payment-access layer for unbanked Brazilians paying bills at lottery kiosks, Celcoin quickly became the infrastructure enabling fintechs and ERPs to embed financial services. The company pivoted from a consumer-facing bill-payment app to a full B2B financial infratech ('infratech financeira') offering modular BaaS, credit, and payments APIs. After two major funding rounds totalling R$ 735M+ and five M&As, Celcoin positioned itself as the backbone of Brazil's embedded-finance ecosystem, serving 6,000+ clients with R$ 30B+ in monthly transaction volume.
Celcoin discloses Celcoin Instituição de Pagamento S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Celcoin does not disclose a bank charter of its own; its banking services are provided through Celcoin Instituição de Pagamento S.A. (in-house).
Celcoin processes payments through Celcoin Gateway de Pagamento (self-operated) and Celcoin Subadquirência / AaaS (self-operated). Disclosed money-movement rails: Pix.
Celcoin's cards are issued through Celcoin Instituição de Pagamento S.A. (in-house).
Celcoin integrates with ERP integration via CNAB/SFTP and ERP integration via API (boleto, Pix, reconciliation).
The Embedded Finance Index 2026 maps 6 layers in Celcoin's stack: Payments / PSP (Celcoin Gateway de Pagamento (self-operated) and Celcoin Subadquirência / AaaS (self-operated)); Money movement (Pix); Banking / BaaS (Celcoin Instituição de Pagamento S.A. (in-house)); Card issuing (Celcoin Instituição de Pagamento S.A. (in-house)); Lending (CCB (Cédula de Crédito Bancário) issuance, Consignado as a Service (payroll-deducted credit), Conta Escrow, Core Credit and 6 others); Accounting (ERP integration via CNAB/SFTP and ERP integration via API (boleto, Pix, reconciliation)).
Celcoin was founded by Marcelo França and is founded in 2016, headquartered in Barueri, SP, Brazil.
Celcoin has raised R$ 735M+ in total (latest round: Series unknown, July 2024).
Get a read on where your own stack stands against Celcoin and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.