Fintech
Brazilian FinTech Celcoin Raises $125 Million Investment Led by Summit Partners
June 20, 2024
Written by FinTech Alliance
Celcoin, a Brazilian banking services provider, has raised $125 million in a funding round led by Summit Partners, with participation from existing investors.
This substantial investment will support Celcoin’s mission to innovate and expand its financial services, focusing on enhancing its product offerings and increasing its market reach both in Brazil and internationally. The funding will allow Celcoin to continue developing its BaaS platform, which provides financial infrastructure for companies to offer banking services. With this investment, Celcoin aims to strengthen its position in the fintech sector and promote financial inclusion by making banking services more accessible.