ChainCatcher report, according to PRNewswire, Brazilian fintech company NG.CASH has completed a $15 million strategic funding round led by Blockchain Capital. Since its founding in 2021, the company has raised over $65 million in total funding. NG.CASH holds two licenses issued by the Central Bank of Brazil: one as a direct credit company and another as a payment institution, and is currently applying for a virtual asset service provider license. Since its inception in 2021, NG.CASH has grown to over 10 million accounts and processed tens of billions of dollars in platform transactions.
Brazilian fintech NG.CASH secures $15 million in strategic funding led by Blockchain Capital
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Summary
Brazilian fintech NG.CASH has closed a $15 million strategic funding round led by Blockchain Capital. Since its launch in 2021, the company has raised over $65 million. It holds two central bank licenses and is pursuing a Virtual Asset Service Provider license. With over 10 million accounts, the platform has processed billions in transactions. The funding follows recent regulatory changes regarding capital gains tax. NG.CASH also complies with CFT rules to prevent illicit financial flows.
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