Celcoin Funding, Investors & Competitors

Celcoin has raised $159M across 5 funding rounds, most recently a $125M Series C in June 2024.

Last Celcoin funding round

$125M

Series C · Jun 2024

Celcoin revenue

$46M

Series C · Jun 2024

Key investors in Celcoin

  • Vox Capital
  • BoostLAB
  • Summit Partners
  • Banco BTG Pactual
  • Torq
  • Innova Capital
  • Sinqia
  • Innova V FIP

Celcoin Overview

About Celcoin

Celcoin is a Brazilian financial infrastructure company based in Barueri, Sao Paulo, that sells banking, credit, payments and regulatory services to banks, fintechs and other businesses through APIs. It was founded in 2016 by Marcelo Franca and Adriano Meirinho. Its products include banking as a service, a settlement bank, Pix, bill payments, mobile top-ups, white-label cards, loan origination and collection, and compliance reporting. The company reports more than 6,000 business customers and over 750 financial institutions on its platform, and annual recurring revenue of R$318 million in 2024. It is a certified B Corporation. Investors include Vox Capital, Innova Capital and Summit Partners, which led a US$125 million round in June 2024. Since 2022 it has bought Galax Pay, Flow Finance, Finansystech, Regulatorio Mais, CobranSaaS, Vulkan Labs and, in September 2026, VERT Capital, and in January 2026 it took control of the credit company Via Capital SCD.


Founded

2016

HQ

BrazilBarueri

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Revenue

$46M (Jun 2024)

Celcoin Revenue

Celcoin's latest recorded revenue is $46M, as of its Series C in June 2024.

Celcoin revenue by funding round

Celcoin revenue and valuation multiple by funding round
DateRevenue *Stage
Jun 2024$46MSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Celcoin Funding History

Celcoin has raised a total of $159M across 5 funding rounds.

Celcoin's first fundraising round was a $2M seed round in May 2019. The most recent completed round was a $125M Series C in June 2024.

Celcoin funding rounds

Celcoin funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2024Series CSummit Partners (lead); Innova Capital$125MCelcoin is a leading Brazilian fintech company in the Banking as a Service (BaaS) and embedded finance market, providing financial infrastructure and solutions for banks, fintechs, and enterprises. Founded in 2016, it is a B Corp certified firm focused on payments, banking, and lending verticals, enabling clients to embed financial services into their ecosystems. The company processes over 200 million Pix transactions monthly, has over 6,000 business customers, and has completed four acquisitions since 2022 including Galax Pay, Flow Finance, Finansystech, and Reg+. On June 18, 2024, Celcoin announced a $125 million growth equity investment led by Summit Partners, its first in Latin America, with participation from existing investor Innova Capital and fintech executive John Coughlin, who joined the board alongside Christopher J. Dean and Michael Esrubilsky. Innova Capital had backed Celcoin's two prior rounds. The funding supports expansion, product innovation, technology investments, organic growth, and M&A opportunities in Brazil and Latin America to strengthen market leadership amid tailwinds like bancarization and instant payments. At the time of the round, Celcoin reported $63 million in annual recurring revenue and solid growth in transaction processing. CEO Marcelo França emphasized Celcoin's role in financial inclusion for Brazilian consumers, positioning it to capitalize on the future of embedded finance. Investors highlighted the platform's scalability, innovation speed, and potential in Brazil's payments landscape.
Apr 2022Undisclosed stageInnova V FIP (lead)$18MInnova Capital invested R$85 million in Celcoin in April 2022, about eight months after the R$55 million Series B of July 2021. The round, made through the Innova V investment fund, was mostly primary capital with a small secondary portion that gave a partial exit to an existing investor. Celcoin said it would use the money for a strategy of acquiring startups that add products to its portfolio, having bought Galax Pay and Flow Finance in the two months before. The company had received its payment institution licence from the Brazilian central bank in December 2021, which let it connect directly to the central bank systems and offer a full banking infrastructure to non-financial companies. Its annual recurring revenue had risen from R$60 million in July 2021 to R$102 million in March 2022, and it processed R$25 billion in 2021 with a target of R$45 billion in 2022. Celcoin provides financial services infrastructure by API to more than 200 clients, among them over 20 listed companies and seven unicorns.
Jul 2021Series BTorq (lead); Vox Capital; BoostLAB; Sinqia; Banco BTG Pactual$11MCelcoin raised a Series B round of R$55 million, about US$11 million, in July 2021. The round was led by Torq Ventures, the corporate venture arm of the listed financial software company Sinqia, which put in R$15 million in its first investment, and was joined by existing shareholders Vox Capital and BoostLAB, the innovation hub of BTG Pactual. The company did not disclose a valuation and said only that it was five times the valuation of its October 2020 round. Celcoin provides financial services infrastructure through APIs for Pix, bill payments, mobile top-ups, deposits and cash withdrawals, and also reached a distribution agreement for its APIs with Sinqia clients. It served more than 170 clients including banks, fintechs, digital wallets and brokers, and about 36,000 banking correspondents were connected to its platform. Transaction volume had quadrupled in the previous twelve months and exceeded R$1.5 billion a month. The money was meant to speed up product development, potential acquisitions and the licensing process with the central bank.
Oct 2020Series AVox Capital (lead); BoostLAB$4MVox Capital led a R$23 million funding round in Celcoin in October 2020, with participation from boostLAB, the business hub of BTG Pactual for technology companies. Vox Capital had already invested R$6 million in the company in 2019. Celcoin, founded in 2016, provides a platform of financial services connected to utilities, public bodies, mobile operators and distributors, which fintechs can use through open finance APIs and small retailers through an app. Through the platform, fintechs and digital banks can offer bill and tax payments, mobile and transport top-ups, transfers, direct debit and cash withdrawals at the Banco 24 Horas network. Its chief executive Marcelo Franca said the aim was to let fintechs concentrate on their core business without worrying about complementary services. More than ten startups from the boostLAB programme already used Celcoin APIs. The round was the second institutional investment in the company and was followed in July 2021 by a R$55 million Series B.
May 2019SeedVox Capital (lead)$2MVox Capital invested in Celcoin in May 2019 in a round of about R$6 million, roughly US$1.5 million, which was the first institutional investment in the payments startup. Celcoin was a Sao Paulo company founded in 2016 that turned smartphones into payment terminals for small retailers, who used its app to sell bill payments, mobile top-ups and other services and earn commissions. At the time of the round the company processed more than R$120 million a month in bill payments, and its users had received more than R$8 million in commissions. Celcoin also offered an open API so that other companies could connect to its services. Vox Capital is a Brazilian impact investor, and the funding was meant to expand the network of retailers and the range of services on the platform. The investment preceded the October 2020 round led by the same investor and the later growth of the business into banking infrastructure.

Who has invested in Celcoin?

8 investors have backed Celcoin across its funding rounds, including Vox Capital, BoostLAB, Summit Partners, Banco BTG Pactual, Torq and Innova Capital.

Lead investors include Summit Partners, Innova V FIP, Torq and Vox Capital.


Celcoin Investors

Investors in Celcoin by funding rounds participated
InvestorHQRoundsRoleFirst check
Vox CapitalBrazilSão Paulo3LeadMay 2019
BoostLABBrazilSão Paulo2ParticipantOct 2020
Innova CapitalBrazilSao Paulo1ParticipantJun 2024
Innova V FIPBrazilRio de Janeiro1LeadApr 2022
SinqiaBrazilSão Paulo1ParticipantJul 2021
TorqBrazilSão Paulo1LeadJul 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Celcoin

Celcoin has acquired 8 companies to date.

Last acquisition by Celcoin was on September 24th 2026. Celcoin acquired VERT Capital for undisclosed valuation.


Latest Acquisitions by Celcoin

VERT Capital
Celcoin Sociedade de Crédito Direto
Vulkan Labs
Cobransaas
Description
VERT Capital is a Brazilian capital-markets services company founded in Sao Paulo in 2016 by Fernanda Mello, Martha de Sa and Victoria de Sa. The group structures and securitizes receivables and other debt instruments for corporate originators and connects those issuers with institutional investors. Its service range also includes fiduciary administration, structured-fund management, distribution, servicing and backup servicing. VERT added a fund manager in 2019, expanded its proprietary technology operation in 2021 and opened a securities distributor after receiving regulatory approvals in 2023 and 2024. The company serves agribusiness, fintech, real-estate and commercial-credit clients and earns fees from structuring, issuance, administration and investment-management mandates. By September 2026 it had completed more than 490 transactions totaling over R$142 billion and administered or managed about R$97 billion. Its regulated entities and technology products operate under the common VERT brand.
Celcoin Sociedade de Crédito Direto is a Brazilian regulated credit institution previously called Via Capital Sociedade de Crédito Direto. The legal company was incorporated in November 2022 under CNPJ 48.632.754/0001-90 and is distinct from the wider Via Capital financing group. It provides the regulated lending component for credit transactions originated through digital platforms and banking correspondents. Public terms issued by Ume identify the institution as the creditor for operations originated through that platform. Celcoin’s own borrower consent documentation also names the company in connection with payroll lending proposals. Its control transferred to Celcoin Instituição de Pagamento in January 2026, following a purchase agreement signed in 2024. The institution is now registered in Barueri and uses the Celcoin legal name. Its role complements the group’s payment institution and technology infrastructure businesses, while it remains a separate legal and regulated entity.
Vulkan Labs is a Tel Aviv-headquartered technology firm advancing AI, machine learning, high-performance computing, and IoT solutions. It develops custom accelerators and edge computing platforms for data centers and industrial applications. With deployments in over 20 countries, the company partners with semiconductor manufacturers to optimize neural network training on FPGA hardware, supporting real-time analytics in autonomous systems and smart cities.
Cobransaas is a Brazilian SaaS provider focused on debt collection management for small businesses and financial institutions. Operating from São Paulo, the platform automates invoice tracking, debtor communication via email and WhatsApp, and payment reminders, integrating with major banks like Itaú and Bradesco. Launched in 2018, it processes over 1 million collections monthly, reducing recovery time by 40% for users in retail and services sectors.
HQ CountryBrazilBrazilUnited StatesBrazil
HQ City
Sao Paulo
Barueri
San Francisco, CA
Porto Alegre
Deal Date24 Sep 202629 Jan 202618 Nov 202519 Nov 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Celcoin Competitors

Celcoin competitors include listed companies like S&P Global, Intercontinental Exchange, Moody's and London Stock Exchange Group, and private ones like Stripe and Ant Group.

Public and private companies comparable to Celcoin
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
StripeUnited StatesSan Francisco, CAPrivate$6.9B-$159B23.0x
S&P GlobalUnited StatesUnited StatesPublicly listed$15B$7.7B$136B10.2x
Intercontinental ExchangeUnited StatesUnited StatesPublicly listed$13B$6.6B$96B10.7x
Moody'sUnited StatesUnited StatesPublicly listed$7.7B$3.8B$87B11.4x
Ant GroupChinaHangzhouPrivate$25B-$79B3.2x
London Stock Exchange GroupUnited KingdomUnited KingdomPublicly listed$13B$5.9B$61B5.9x

Celcoin Public Comps

Celcoin is still privately-owned, but its public comps include S&P Global, Intercontinental Exchange, Moody's, London Stock Exchange Group, Nasdaq, Block, PayPal, Thomson Reuters, MSCI and East Money.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
S&P Global$15B$7.7B9.9x10.2x19.8x19.3x
Intercontinental Exchange$13B$6.6B9.3x10.7x17.8x15.8x
Moody's$7.7B$3.8B12.1x11.4x24.4x21.8x
London Stock Exchange Group$13B$5.9B6.1x5.9x12.9x11.6x
Nasdaq$8.3B$3.1B8.3x11.7x22.1x19.6x
Block$24B$2.2B1.9x1.8x20.8x10.1x
PayPal$33B$7.2B1.6x1.5x7.3x7.4x
Thomson Reuters$7.5B$3B6.9x6.7x17.1x17.3x

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Common questions about Celcoin

When was Celcoin founded?Celcoin was founded in 2016.
Where is Celcoin headquartered?Celcoin is headquartered in Barueri, Brazil.
Is Celcoin publicly listed?No, Celcoin is a private, VC-backed company.
How much funding has Celcoin raised?Celcoin has raised $159M across 5 funding rounds.
What was Celcoin's last funding round?Celcoin's last funding round was a $125M Series C in June 2024, led by Summit Partners.
Who are Celcoin's investors?Celcoin's investors include Vox Capital, BoostLAB, Innova Capital, Innova V FIP, Sinqia, Torq, Summit Partners and Banco BTG Pactual.
What is Celcoin's revenue?Celcoin's latest recorded revenue is $46M (June 2024).
Which companies are comparable to Celcoin?Companies comparable to Celcoin include Stripe, S&P Global, Intercontinental Exchange, Moody's, Ant Group and London Stock Exchange Group.
How many companies has Celcoin acquired?Celcoin has acquired 8 companies, including VERT Capital, Celcoin Sociedade de Crédito Direto, Vulkan Labs, Cobransaas and Regulatório Mais.
What was the largest acquisition by Celcoin?The $16M acquisition of Finansystech in February 2023 is the largest acquisition Celcoin has made to date.

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