Conductor
“Can a Brazilian card issuing processor become the dominant BaaS and issuer-processing infrastructure layer for Latin America?”
HQSão Paulo, Brazil
Total raised$150M+ (disclosed)
Latest round$150M growth round (2020), led by Viking Global Investors
IndustryInfrastructure / Card issuing
The story
Conductor is a Latin American card issuing processor and banking-as-a-service software platform headquartered in São Paulo. The company operates a cloud-native, open-API stack that spans card issuer processing, BaaS, and digital banking services, powering fintechs, banks, retailers, and enterprises across LatAm. Visa is a strategic investor, and the 2020 Viking-led round signaled a push to scale internationally beyond Brazil.
Last 12 months
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Product timeline
2020
Raised $150M led by Viking Global Investors to accelerate product development and international expansion across Latin America.· funding
The stack
3 layers disclosed in Conductor’s embedded-finance stack
Payments / PSP
Conductor issuer processing (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.