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Celcoin is a São Paulo, Brazil-based Banking as a Service (BaaS) platform that provides core financial infrastructure for payments, banking, and lending to banks, fintechs, and enterprise clients. The company's technology powers Open Finance and embedded finance solutions, processing over 200 million Pix transactions annually and reaching approximately 7.5 million Brazilian consumers each month. Operating on a software-as-a-service model, the platform currently serves a broad network of more than 6,000 business customers, including over 400 financial industry entities and 170 distinct banks and marketplaces. Celcoin has secured significant capital to scale its operations, highlighted by a $125 million Series C funding round led by Summit Partners, with additional equity backing from Innova Capital, Torq Ventures, Vox Capital, and BTG Pactual. The financial technology company was officially founded in 2016 by chief executive officer Marcelo França.
Celcoin has raised $132.0M across 2 funding rounds.
Celcoin has raised $132.0M in total across 2 funding rounds.
Celcoin has raised $132.0M across 2 funding rounds. Most recently, it raised $130.0M Series C in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $130M Series C | — | Summit Partners, VOX Capital | Announced |
| May 1, 2019 | $2M Seed | — | Summit Partners, VOX Capital | Announced |
# Celcoin: Banking as a Service Pioneer in Brazil
Celcoin is a Banking as a Service (BaaS) technology provider that enables banks, fintechs, and non-financial enterprises to embed financial services directly into their platforms.[1][4] Founded in 2016, the company has grown to serve over 400 financial industry clients and more than 5,000 non-financial companies, processing more than 200 million Pix transactions monthly.[2][4]
The company addresses a fundamental problem in Brazil's financial ecosystem: the complexity and bureaucracy of connecting businesses to financial infrastructure. By providing modular, API-driven solutions across payments, banking, and lending, Celcoin democratizes access to financial services for companies at any stage of development.[1][4] This approach has positioned Celcoin as a critical enabler of financial inclusion, allowing startups and enterprises to innovate without building financial infrastructure from scratch.
Celcoin emerged in 2016 as a response to Brazil's fragmented financial services landscape. The company's founding coincided with a period of regulatory innovation in Brazil—the Central Bank introduced Pix (an instant payment system) in October 2020 and Open Banking in 2021, creating tailwinds for embedded finance solutions.[1][4]
Early recognition validated the concept: in 2017, Celcoin received "Best Startup in Brazil" from Seedstars and "Best Fintech in the Country" from BBVA Open Talent.[5] The company was later accelerated by the Visa Acceleration Program (2019) and BoostLab by BTG Pactual (2020), and became the only fintech in Latin America and the Caribbean to receive the global "Inclusive Fintech 50" award.[5] This trajectory reflects both product-market fit and alignment with Brazil's financial inclusion agenda.
Celcoin sits at the intersection of three powerful trends reshaping global finance:
Embedded finance adoption: The shift toward embedding financial services into non-financial platforms is accelerating globally. Celcoin's BaaS model enables this transformation at scale in Brazil, a market where regulatory innovation (Pix, Open Banking) has created unique advantages.[1][2]
Brazil's fintech leadership: Brazilian financial technology ranks among the most advanced globally.[1] Celcoin benefits from and contributes to this ecosystem—the company's success validates Brazil's regulatory approach and attracts international capital (evidenced by Summit Partners' $125 million investment).[1]
Financial inclusion as competitive advantage: As Brazil's economy increasingly digitizes, companies that can offer embedded financial services gain competitive moats. Celcoin's infrastructure enables this for thousands of businesses, multiplying financial access across the economy.[2]
The company influences the broader ecosystem by reducing barriers to financial innovation, allowing startups and enterprises to compete with traditional banks on product experience rather than infrastructure investment.
Celcoin's $125 million Series funding from Summit Partners signals confidence in the BaaS market's maturation and the company's ability to scale beyond Brazil.[1] The investment will likely accelerate expansion into Latin America, where similar regulatory innovations are emerging and market conditions mirror Brazil's opportunity.[1]
The company's trajectory suggests three key developments: continued geographic expansion across Latin America, deepening its Open Finance capabilities as regulatory frameworks evolve, and potential consolidation of the fragmented BaaS market through strategic acquisitions. As embedded finance becomes table stakes for financial competitiveness, Celcoin's infrastructure layer becomes increasingly critical—positioning it as a potential regional powerhouse in financial technology infrastructure.
Celcoin has raised $132.0M in total across 2 funding rounds.
Celcoin's investors include Summit Partners, VOX Capital.
