NEA Leads NG.Cash’s $26M Funding Round to Fuel Gen Z Credit Expansion

NG.Cash funding round has raised US$26.5 million in new capital, with New Enterprise Associates (NEA) leading the Series B investment. The Brazilian fintech, which targets Gen Z users, will use the funds to expand its offering of credit products and personalized financial services for young adults.

Founded in 2021, NG.Cash has quickly grown to more than 7 million users by offering a digital financial platform tailored to teenagers and young adults. Now, as its customer base matures, the company is expanding into credit cards, consórcios (installment plans), insurance, and fixed-income investments, aiming to support its users as they transition into full financial independence.

This NG.Cash funding round attracted a global roster of investors. In addition to NEA, participants included Quantum Light (created by Revolut’s founder), Andreessen Horowitz (a16z), Monashees, Endeavor Catalyst, 17Sigma, and Daphni. NEA venture capital leadership in this round signals a growing international interest in Brazil’s fintech ecosystem and NG.Cash’s model specifically.

CEO Mario Augusto Sá emphasized that the company’s mission is to offer “responsible and accessible credit” to a generation underserved by traditional banks. A key component of this next phase is the integration of AI in financial services and tools, such as virtual assistants and smart money management interfaces that adapt to user behavior and goals.

This funding follows NG.Cash’s acquisition of Z1’s client base, another Gen Z–focused fintech, which added more than 1 million new customers to its base. With the Series B, the company’s total capital raised now exceeds R$300 million (~US$55 million), positioning it among the most well-funded youth-oriented financial startups in Latin America.

With the NG.Cash funding round, NEA — with over $25 billion in assets under management — deepens its exposure to the Brazilian fintech landscape while NG.Cash enters a new chapter of scaling credit products and financial infrastructure for a generation coming of age in a digital economy.

New Enterprise Associates (NEA) brings not only capital but also deep expertise from having backed major players like Robinhood, Coursera, and Duolingo.

The Firms Behind the Deal

Legal Advisors on the NG.Cash Funding Round

The NG.Cash funding round was supported by a cross-border legal team representing both investors and the company. On NEA’s side, legal counsel was provided by Foley & Lardner LLP in the United States and Demarest Advogados in Brazil. Representing NG.Cash, Gunderson Dettmer and Veirano Advogados advised on U.S. and Brazilian aspects, respectively.

Representing NEA:

• Foley & Lardner LLP (U.S.): partners André Thiollier and Louis Lehot led Foley’s deal team with contribution from associates Saige Gallop, Trevor Mulin, and Sarina Rogers.
• Demarest Advogados (Brazil): partners João Busin, Juliana Maluf and Marcus Fonseca , and associate Bárbara Queiroz.

Representing NG.Cash:

• Gunderson Dettmer (U.S.): partner Christel Moreno and associates Eduarda Tavares and Gabriel Almeida.
• Veirano Advogados (Brazil): partners Guilherme Monteiro and Enrico Romanielo with contribution from associates Filipe Alfradique, and João Pedro Zagni.

Their joint efforts ensured a seamless closing of the cross-border Series B transaction, involving top-tier investors and complex structuring across jurisdictions.

Resumo em português:
A NG.Cash levantou US$ 26 milhões em rodada liderada pela NEA para expandir sua carteira digital e serviços de crédito voltados à Geração Z no Brasil.