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Sinqia

“Can EVERTEC turn Sinqia into the software backbone of a pan-LATAM fintech platform anchored in Brazil?”

Founded1996
HQSão Paulo, Brazil
Total raisedBRL 250M (pre-acquisition)
Latest roundAcquired by EVERTEC (Nov 2023)
ValuationR$27.19 per share acquisition price
IndustryVertical SaaS / Financial Services
The story

Founded 1996 as Senior Solution, Sinqia became one of Brazil's leading providers of software for financial institutions — banks, asset managers, pension funds, and consortiums. It went public on B3 in 2013 (SQIA3) and grew through aggressive M&A. In 2023, EVERTEC (NYSE: EVTC), a Puerto Rico-based payments technology company, acquired Sinqia to establish a Brazilian foothold and build a pan-LATAM fintech platform.

Last 12 months
2023-11
Product timeline
1996
Founded as Senior Solution, a software provider for the Brazilian financial industry.· founding
2013
IPO on B3 (Brazilian Stock Exchange) under ticker SQIA3.· ipo
2023
EVERTEC announces agreement to acquire Sinqia, completing deal in November 2023.· acquisition
2023
Became an operating subsidiary of EVERTEC, Inc. (NYSE: EVTC).· acquisition
Acquisitions
Simply Tecnologia
Belo Horizonte-based enterprise process automation platform serving financial and telecom sectors, operating as 'Simply by Sinqia'.
The stack
0 layers disclosed in Sinqia’s embedded-finance stack
Accounting gap: none