Celcoin, a prominent Brazilian fintech specializing in Banking as a Service (BaaS), has secured a $125 million investment led by Summit Partners, with participation from Innova Capital and fintech executive John Coughlin. The funding supports Celcoin’s expansion and product innovation efforts, enhancing its BaaS and embedded finance market leadership. The investment comes amid solid growth for Celcoin, which now boasts $63 million in annual recurring revenue, and processes over 200 million transactions for real-time-payments and open banking facilitator Pix.
Brazilian Fintech Celcoin Announces $125 Million Investment Led by Summit Partners
