Brazil is one of the largest tech hubs in Latin America and a significant contributor of advanced and emerging fintech technology. According to the country’s central bank, fintech companies have grown in popularity by expanding affordable banking services. On the B2B side of the industry, a presidential decree established in 2023 facilitated foreign investment for financial service companies, which aims to help the sector continue growing. Below, we’ve rounded up some of the top fintech companies in Brazil.
Top Brazil Fintech Companies
- Nubank
- Creditas
- Wise
- Cloudwalk
- Coda Payments
Top Brazil Fintech Companies
Wise’s fintech platform enables users to initiate international money transfers. The platform, available for individual users and businesses, can convert money into over 40 different currencies and deliver it to other users across 160 countries. According to the company, the process takes less than 20 seconds. Wise also enables people to store USD balances in their platform, which features FDIC protection and a high annual percent yield, or APY.
Cloudwalk is developing a new payment platform for businesses using blockchain. Through its InfinitePay platform, which includes point-of-sale hardware and mobile software, businesses can process payments instantly and deposit revenue to their bank accounts. According to Cloudwalk, its payment platform is beneficial for small and medium-sized businesses. It’s drawn enough funding from investors to reach unicorn status.
Nubank is one of Brazil’s top startups. Before going public, it secured capital from Sequoia Capital and Tiger Global, among other investment groups. The online bank grew in popularity by providing consumers with loans, credit cards and free checking and savings accounts. After its initial success, Nubank expanded to provide businesses with similar services and point-of-sale systems.
Creditas is a São Paulo-based fintech company that now also operates in Mexico and Spain. The company provides a bevy of solutions and products for businesses and consumers, including a vehicle marketplace, auto loans, home insurance, integrated financing solutions and more. Creditas was founded in 2012 and employs over 4,500 people.
Coda Payments’ tech enables game developers to collect payments by creating marketplaces where players can convert cash to in-game currency. Many publishers use its platform, including Activision Blizzard and Take-Two Interactive, which enables them to accept over 300 payment methods.