Brazilian Fintech Celcoin Announces US$125 Million Investment Led by Summit Partners
Global growth equity firm partners with Celcoin to support its continued expansion and commitment to expanding financial access for Brazilian consumers
SÃO PAULO--(BUSINESS WIRE)--
Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, today announced a

Celcoin, from left to right: Yuri Carvalho, CFO, Bárbara Possignolo, Legal Director, Adriano Meirinho, CMO & Co-founder, Marcelo França, CEO & Co-founder and Thiago Zaninotti, CTO. (Photo: Business Wire)
Founded in 2016, Celcoin provides financial infrastructure services and solutions for banks, fintechs, and enterprise companies. Focused in three key verticals – payments, banking, and lending – Celcoin’s offerings are designed to enable personalized embedded finance solutions for companies across any segment and stage of development. With over 400 customers in the financial industry and more than 5,000 non-financial companies, Celcoin combines market-leading technology, product innovation, and best-in-class security to support customers in building financial offerings that serve the needs of their end-consumers.
Brazilian financial technology is among the most advanced in the world. In recent years, the Central Bank of
“Celcoin's technology allows banks, fintechs and non-financial companies to introduce their own financial products and embed financial services directly into their ecosystems. We see this as the future of the financial sector, and we are excited to be part of this transformation,” says Celcoin CEO, Marcelo França. “With this funding, we plan to accelerate our investments in technology and innovation as well as evaluate both organic and M&A-driven growth opportunities.”
“Over the last several years, we’ve worked to identify technology companies that we believe are supporting economic development in
This financing comes at a time of strong momentum for Celcoin, with the company recording
“It is truly a privilege to partner with the impressive team at Celcoin during this phase of exciting innovation and expansion,” said John Coughlin, an Executive-in-Residence at Summit Partners who will join the Celcoin Board of Directors. “We have been impressed by the scalability of their platform and speed of new product innovation. We look forward to supporting Celcoin as the company continues to expand in
Christopher J. Dean, a Managing Director at Summit Partners, and angel investor Michael Esrubilsky join Coughlin on the company’s Board.
Innova Capital, which invested in Celcoin’s two most recent funding rounds, also participated in this financing. “Celcoin provides a technological infrastructure that allows its clients to take advantage of some of the greatest tailwinds in the payments landscape in
About Celcoin
Celcoin was founded in 2016 as a Banking as a Service technology provider for business customers. Celcoin provides banking, credit and payments solutions and has more than 6,000 business customers connected to its platform. Celcoin is a B Corp certified company with a distinct focus on building products that make a significant social impact by expanding financial access for all Brazilian consumers.
Find out more: https://www.celcoin.com.br/
About Summit Partners
Founded in 1984, Summit Partners is a growth-focused investor that seeks to establish partnerships with category-leading businesses and executives, providing the capital and resources to accelerate their growth. Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare, financial services and other growth industries. A complete list of Summit investments can be found here. Summit maintains offices in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240617472638/en/
Vanessa Costa | +55 (51) 98274-4949 | vanessa.costa@fsb.com.br
Andrea Giardino | +55 (11) 99150-4565 | andrea.giardino@fsb.com.br
Susan Barr | +1 617 824 1026 | sbarr@summitpartners.com
Source: Celcoin