Celcoin, a Brazilian Banking as a Service 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 market reach both in Brazil and internationally. The funding will enable Celcoin to continue developing its BaaS platform, which provides financial infrastructure for businesses to offer banking services. With this investment, Celcoin aims to strengthen its position in the fintech sector and drive financial inclusion by making banking services more accessible.
