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Evertec Brasil

“Can Evertec become the dominant LatAm B2B financial infrastructure platform by rolling up Brazil's core banking, card processing and receivables software vendors?”

HQSão Paulo, Brazil
IndustryInfrastructure / Payments
The story

Evertec Brasil is the Brazilian arm of Puerto Rico-headquartered Evertec (NYSE: EVTC), built through the acquisitions of Sinqia and Dimensa. The unit brings together core banking, card issuer processing, credit/receivables management and FX platforms sold to Brazilian banks, fintechs and digital wallets. It also houses paySmart, a card processor for issuers and wallets operating via BIN sponsorship or full EMV services. The strategy is B2B/B2B2X infrastructure — Evertec Brasil sells embedded finance capabilities to financial institutions rather than operating a consumer or merchant brand.

Last 12 months
2025-08
Product timeline
2021
Dimensa founded in Brazil as a developer of digital financial solutions (core banking, funds, cards, digital banking).· banking
2023
Evertec acquires Sinqia, expanding Brazilian financial software footprint (forming the core of Evertec Brasil).· acquisition
2024
Evertec acquires Dimensa, adding core banking, investment funds, private label card and digital bank infrastructure.· acquisition
2025
Cybersecurity incident at Sinqia (Aug 2025) results in ~R$710M in unauthorized transactions, weighing on Evertec valuation.· pivot
Acquisitions
Dimensa2024
Brazilian developer of core banking, investment funds, private label card and digital bank infrastructure; acquired by Evertec.
The stack
5 layers disclosed in Evertec Brasil’s embedded-finance stack
Payments / PSP
paySmart (in-house)Evertec Issuer Processing (in-house)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: none
11 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.