Celcoin, a Brazilian Banking as a Service (BaaS) startup, has announced a significant milestone in its growth journey with a $125 million investment led by Summit Partners, with participation from Innova Capital and seasoned fintech executive John Coughlin, to expand its innovative financial solutions, focusing on empowering financial access in Brazil. Founded in 2016, Celcoin has become a significant player in Brazil’s fintech scene, offering essential financial infrastructure to over 400 clients, processing over 200 million Pix transactions monthly, and positioning itself as a key provider in the nation’s Open Banking landscape. The investment will fuel Celcoin’s growth, including potential acquisitions.
Celcoin Secures $125 Million to Expand Financial Access in Brazil
