“Can a Gen Z-native Brazilian neobank graduate from prepaid card + PIX into a full-stack credit, investments, and stablecoin platform on its own SCD license?”
Founded in 2021 as a Gen Z-focused Brazilian neobank (originally Neagle Bank), NG.CASH built its early wedge in the creator economy with a customizable prepaid Mastercard, PIX account, and financial-education content. Over 2024-2025 the company has evolved from a debit/prepaid consumer app into a fuller credit-and-investment platform, capped by the 2025 acquisition of BizCapital's SCD license — moving it from correspondent-bank distribution of BTG Pactual/QI Tech credit into direct on-balance-sheet lending. The Series B thesis extends the roadmap toward stablecoin custody.
NG.CASH discloses NG CASH Instituição de Pagamento (in-house) as its banking provider, with Banco BTG Pactual S.A. and QI Sociedade de Crédito Direto S.A. as its sponsor banks, according to the Embedded Finance Index 2026.
NG.CASH does not disclose a bank charter of its own; its banking services are provided through Banco BTG Pactual S.A. and QI Sociedade de Crédito Direto S.A..
NG.CASH processes payments through NG.CASH Instituição de Pagamento (in-house). Disclosed money-movement rails: Pix.
NG.CASH's cards are issued through NG CASH Instituição de Pagamento (in-house) on the Mastercard network.
NG.CASH's lending and capital products are provided by NG.Cash Sociedade de Crédito Direto S.A. (in-house), QI Sociedade de Crédito Direto S.A. and Banco BTG Pactual S.A..
NG.CASH connects to bank accounts through Banco BTG Pactual S.A..
The Embedded Finance Index 2026 maps 8 layers in NG.CASH's stack: Payments / PSP (NG.CASH Instituição de Pagamento (in-house)); Money movement (Pix); Banking / BaaS (NG CASH Instituição de Pagamento (in-house)); Card issuing (NG CASH Instituição de Pagamento (in-house)); Card network (Mastercard); Lending (NG.Cash Sociedade de Crédito Direto S.A. (in-house), QI Sociedade de Crédito Direto S.A., Banco BTG Pactual S.A., Consumer credit (issued via own SCD license after 2025) and 2 others); Open banking (Banco BTG Pactual S.A.); Sponsor bank (Banco BTG Pactual S.A. and QI Sociedade de Crédito Direto S.A.).
NG.CASH was founded by Mario Augusto Sá, Petrus Ballhausen Arruda and Antônio Na and is founded in 2021, headquartered in São Paulo, Brazil.
NG.CASH has raised $51.4M in total (latest round: Series B, 2025).
NG.CASH's acquisitions include BizCapital (SCD license) (2025).
Get a read on where your own stack stands against NG.CASH 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.