NG.CASH
“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?”
Founded2021
HQSão Paulo, Brazil
FoundersMario Augusto Sá, Petrus Ballhausen Arruda, Antônio Na
Total raised$51.4M
Latest roundSeries B, 2025
IndustryFintech / Neobank
The story
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.
Product timeline
2021
Founded as Neagle Bank targeting Gen Z in Brazil.· banking
2021
Rebranded to NG.CASH.· pivot
2022
Raised $10M seed led by a16z and Monashees.· banking
2024
Series A of $12.5M led by Monashees to scale digital account, prepaid Mastercard, and consortia products.· banking
2025
Closed $26.5M Series B led by NEA; announced plans for stablecoin custody and expanded lending.· lending
2025
Acquired BizCapital's SCD credit license; now operates NG.Cash Sociedade de Crédito Direto S.A., enabling direct on-balance-sheet lending.· acquisition
Acquisitions
Regulated entities
2
regulatory licences held by NG.CASH
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
8 layers disclosed in NG.CASH’s embedded-finance stack
Payments / PSP
NG.CASH Instituição de Pagamento (in-house)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting gap: none
13 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.