Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

monashees is the pioneer venture capital firm in Latin America. It partners with outstanding founders who are revolutionizing large markets. The firm serves entrepreneurs starting with their very first movements, supporting their growth through its expansion funds. With a human-values-first approach, monashees helps founders challenge the status quo and improve people’s lives through technology. The monashees community includes over 150 companies and 300+ founders.

monashees

Norte is a pure-follower fund created and invested by entrepreneurs. We co-invest in the very first rounds of Brazilian and Latam companies with high visibility and growth potential, leveraging our powerful network and early access to the best founders. Our investors are individuals highly involved with entrepreneurship in Brazil, including the founders of the main startups of the country, partners at the main venture/growth capital firms and leaders of the country’s largest companies.  Norte’s goal is to reunite Brazilian’ main innovators in one place and become the most strategic investor a startup can have.

Norte Ventures

At 17Sigma we support disruptive and innovative Latin American entrepreneurs in their early stages to push forward the next generation of regional leaders and companies. Founded to collaborate with teams, backing ideas that have the potential to disrupt the status-quo and build a stronger, better, and fairer future. 17Sigma will primarily focus on embryonic startups looking to raise Pre-seed and Seed rounds. We are firm believers in the potential of Latin America to achieve 17Sigma results, understood as extremely rare and statistically unlikely events. We are here to bet on that magic!

17Sigma

4M Holding is a global investment and advisory firm backing companies with exceptional founders and with a positive impact on society.

4M Holding

Scale-Up Ventures is a venture capital fund that invests in companies selected by Endeavor Brazil's hyper-growth acceleration programs.

Scale-Up Ventures

Web Summit hosts the world's largest gathering of startups, unicorns, VCs & media. Web Summit Ventures invests in the best of this network.

Web Summit Ventures

TEKTON VENTURES is an international seed investment firm that partners at inception with forward looking company builders in leading technology hubs worldwide. The firm’s principals have over three decades of experience as early stage investors. Leveraging an extensive global network of entrepreneurs and investors, Tekton makes early stage investments in category defining companies in several strategic geographies around the world.  Passionate entrepreneurs exist in many parts of the world. Tekton Ventures focuses its investments in two different places: Silicon Valley and selected technology centers ( London and Israel); and the fast growing mobile/digitally connected markets in Asia (China, Korea and India).  Our approach to global investing rests on partnerships with local venture ecosystems: we have built long standing relationships with some of the best local seed and venture investors in our geographies of focus.  We see our unique global perspective as important to build transformational companies and make that knowledge available across our entire community of entrepreneurs.

Tekton Ventures

Daphni is a VC as a platform that invests in user-oriented startups with European DNA and strong international ambition. The company is supported by daphnipolis, a closely-knit community of 200+ entrepreneurs, executives, academics, artists and advisors, and a digital platform to ensure both efficiency and full transparency. The firm as established in 2015 and is based in Paris, France.

Daphni

Generalist Capital is an investor that specializes in real estates, private equity, merger, and acquisition.

Generalist Capital

NG.CASH

NG.CASH is a digital app designed to help Generation Z become financially independent. It allows users to manage their own money with solutions such as PIX (Brazil’s “instant-payment” method), prepaid credit cards, allowance management, and a virtual card. Structured as a financial hub, NG.CASH aims to accompany its clients throughout their lives and increase financial literacy in the region.

NG.CASH is a Brazilian fintech that provides a digital wallet app targeted toward young people aged 10 to 24, known as Gen-Z. Launched in February 2021, the app offers services such as instant payments, cell phone top-ups, transfers, online shopping with discounts, and a prepaid Mastercard for online purchases. As of August 2022, NG.CASH had acquired 900,000 users.

NG.CASH raises $10M to provide financial independence to young people in Brazil

A Carteira Digital do Futuro

NG.CASH: O App Financeiro da Geração Z

Pismo supports NG.CASH in the financial inclusion of Gen Z in Brazil

Gunderson Dettmer Advises NG CASH in its $10 million Series Seed financing co-led by Andreessen Horowitz and monashees.

How Trace's onboarding helped NG.CASH with foreign remittances

TikTok for Business Case Study

Digital Wallets

NG.Cash

Brazilian Gen Z neobank NG.CASH lands a $12.5M Series A

NG.CASH is a Brazilian fintech that provides a digital wallet app targeted toward young people aged 10 to 24, known as Gen-Z. Launched in February 2021, the app offers services such as instant payments, cell phone top-ups, transfers, online shopping with discounts, and a prepaid Mastercard for online purchases. As of August 2022, NG.CASH had acquired 900,000 users.
The company's revenue model is based on card interchange fees, ticketing, and commissions on products offered through the app. NG.CASH aims to empower Gen-Z by providing financial independence and education. The app features personalization options, financial education videos, a marketplace with exclusive discounts, mobile recharges, and cryptocurrency investment capabilities.
In September 2023, NG.CASH prepared to launch Pix, Brazil's instant payment system, with a campaign tailored for Gen-Z. The company believes this tech-savvy generation desires agility, making them ideal for adopting Pix. NG.CASH partners with Pismo, a cloud-native banking platform, to securely scale its operations and expand its product offerings.
In January 2023, NG.CASH surpassed 1 million accounts and launched a new credit card for Gen-Z, operating with its own payment institution license. The app, rated 4.7 stars on the App Store, also offers Pix, game recharges, bill payments, and a scheduled allowance feature.

Dwolla is a leading provider of payment services specializing in account-to-account (A2A) payments. The company offers an innovative API solution called Dwolla Connect, designed for mid to enterprise-sized businesses. Dwolla Connect simplifies the process of replacing legacy, batch-based technology with modern infrastructure, enhancing the management and reconciliation of payments across multiple financial institutions. With Connect's bank-agnostic approach, businesses can leverage their existing commercial accounts at top US banks, including JPMorgan Chase & Co. and Wells Fargo, to effortlessly initiate payments by embedding Dwolla's API into their existing applications and payment flows.
Dwolla Connect serves a wide range of industries, such as financial services, lending, banking-as-a-service, marketplaces, and insurance, among others. Its API-first approach enables businesses to effortlessly integrate A2A payments into their apps or connect with existing ERP/cash management systems, offering a centralized location for payment information. Dwolla Connect provides substantial time and cost savings by allowing businesses to embed a single API, avoiding multiple bank integrations and simplifying their treasury management.
Over the years, Dwolla has expanded its offerings, introducing products like Dwolla Balance, a digital wallet solution, and exploring new payment methods and value-added services. The company has partnered with industry leaders like MX, a leader in open finance APIs, and Mastercard to enhance its payment capabilities and offer consumers more choice in managing their money.

Dwolla

Papaya is a SaaS fintech company that provides global payroll and payments technology through its comprehensive platform called Papaya Payroll OS. The platform automates payroll processes, ensures compliance, offers flexibility, and provides robust security features. Papaya's integrated approach connects data and processes from various HR and enterprise resource planning (ERP) tools, creating a single source of truth. This turns payroll, a company's biggest expense and liability, into a strategic asset that enables growth at scale.
One of Papaya's key offerings is a personal portal that empowers employees with convenient access to their payroll financial information. In March 2023, the company introduced a mobile app as part of this portal, allowing employees to securely view and manage their payslips, work-related documents, and bank account details on the go. This app caters to the growing trend of employees accessing payroll information via mobile devices, with 53% of employees doing so as of March 2023.
Papaya's technology has been recognized by leading global analysts for its disruptive approach in workforce management and payments. The company has received accolades such as being included in the Forbes Cloud 100 and CNBC's Top Startups for the Enterprise.

Papaya

Citcon is a leading global payment gateway and service provider, offering innovative solutions that enable businesses to accept payments from consumers using various mobile wallets, payment apps, and methods. The company's technology empowers merchants to expand their customer base and streamline the payment process, enhancing the overall shopping experience. Citcon's platform allows merchants to securely process millions of payment transactions daily from over 200 payment methods, including popular digital wallets like Alipay, WeChat Pay, PayPal, and Venmo.
Founded in 2015, Citcon pioneered as the first authorized US merchant acquirer for WeChat Pay and Alipay, two of the most widely used mobile wallet providers in China. Over the years, the company has expanded its partnerships to include more than 20 global wallet providers, reaching over 2 billion mobile wallet users worldwide. Citcon's technology integrates seamlessly with various point-of-sale (POS) and ecommerce systems, making it accessible to merchants across diverse industries.
Citcon's solutions cater to the needs of businesses of all sizes, from Fortune 1000 companies like L'Oréal, Hermes, and Nordstrom to major retailers such as Macy's, Caesars Entertainment, MGM Resorts, and Revolve. Its platform is deployed at over 30,000 merchant sites and locations globally.
In October 2021, Citcon closed a USD 30 million Series C funding round, backed by leading global investors such as Norwest Venture Partners, Cota Capital, Sierra Ventures, Sonae, and East-West Bank. The company has expanded its presence with regional offices in the US, Canada, Europe, and Asia to serve its global clientele better.
Citcon has also diversified its offerings to include cryptocurrency payments. In May 2021, the company partnered with Flexa, a leading pure-digital payments network, enabling merchants worldwide to accept cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dogecoin as payment options.

Citcon

PayNearMe is a leading bill payment platform provider that enables unbanked consumers to make cash payments for various services. The company's technology generates a barcode that consumers can take to participating merchant locations within their vicinity. At the store, customers scan the barcode, provide cash to the cashier, and receive a receipt confirming the payment. This innovative solution solves the challenge of accepting cash payments in an increasingly digital world.
PayNearMe's platform supports multiple payment methods, including cash, credit/debit cards, and bank accounts. The company has built an extensive merchant network of over 40,000 retail locations across the US, including partnerships with major chains like Walgreens, CVS Pharmacy, Walmart, and Family Dollar Stores. By March 2022, PayNearMe had expanded its network by nearly 50% over the previous 12 months, with the addition of nearly 9,000 Walgreens and Duane Reade locations.
PayNearMe offers a seamless payment experience for customers while enabling businesses to increase foot traffic and potential incremental sales. The company focuses on partnering with convenience stores, dollar stores, grocers, and pharmacies, as these merchant categories align well with their business model.

PayNearMe

Paydiant was a company that provided a cloud-based white-label mobile wallet platform enabling merchants and banks to deploy their own secure mobile wallet solutions under their brand names. Its patented technology allowed merchants to integrate mobile wallet functionality, including mobile payments, loyalty programs, offers, and e-receipts within their existing mobile apps.
The platform assisted merchants in acquiring new customers and increasing sales by delivering targeted offers and personalized loyalty programs directly to consumer mobile devices. Payment credentials were never stored on users' phones but instead securely held in a PCI-compliant data center, enhancing transaction security.
Paydiant's flexible platform supported various payment instruments like debit, credit, gift, and private-label cards while providing valuable insights into customer spending behavior. It facilitated seamless integration with existing point-of-sale systems across popular smartphone models, eliminating hardware upgrade requirements. The company's technology was compatible with emerging standards like Bluetooth Low Energy (BLE).
In March 2015, Paydiant was acquired by PayPal to bolster the latter's in-store mobile payment capabilities and enable merchant partners to build branded mobile wallets integrated with PayPal's services.

Paydiant

These enable users to utilize their wallets for various transactions at virtually any merchant that accepts digital wallet payments without any restrictions on usage.

These enable users to carry out transactions at a selected list of merchants and locations. Merchants may need to set up predefined agreements with digital wallet issuers to accept payments from the wallet.

These are typically developed by merchants themselves and allow customers to use their wallets to make payments at the merchants’ own stores. Users are unable to use these wallets for transactions outside the issuing merchant.

Companies that offer white-label solutions for businesses and fintechs to set up their own digital wallet offering.

Leverages AI/ML to conduct various AML/KYC checks on customers and transactions processed through digital wallets

NG.Cash

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