Brazil-based Fintech NG.CASH Announces R$150M Series B
Gunderson Dettmer represented Brazil-based client NG.CASH, a fintech focused on Generation Z, in its R$150 million Series B financing led by New Enterprise Associates (NEA), a venture capital firm that has also invested in companies such as Robinhood, Duolingo and Perplexity. Monashees and a16z, which participated in last year’s Series A, also joined the financing.
Designed to help the new generation become financially independent, NG.CASH’s application allows customers to open a free digital wallet with access to a virtual and physical card that are customizable with instant transfers.
In the announcement of the transaction, NG.CASH CEO Mario Augusto Sá said the company’s biggest growth opportunities now lie in credit, as its original customer base has aged. He added that NG.CASH plans to incorporate AI to deliver personalized offers to users and to invest in influencers and social media advertising to expand its user base.
The Gunderson deal team was led by Christel Moreno and included Eduarda Tavares, Jace Clegg and Morgan Otway.
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NG.CASH
New Enterprise Associates
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