Foley Represents NEA as Lead Investor in Series B Funding for Brazilian Startup NG.CASH

Foley & Lardner LLP represented New Enterprise Associates (NEA) as the lead investor in the $26.5 million Series B funding round for Brazilian fintech startup NG.CASH. NEA was joined by additional investors Quantum Light, Monashees, a16z, Endeavor Catalyst, 17Sigma, and Daphni.

With over 7 million users in Brazil, NG.CASH is a fintech company that provides a digital wallet app and financial services specifically designed for Generations Z and Alpha. In addition to financial education and empowerment, users have access to features including a prepaid credit card, allowance management, savings and investments, and transfers and payments. NG.CASH plans to use the funding to expand the development of AI-powered financial products, credit offerings, and the continued growth of their user base.

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. NEA invests in technology and health care companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions. 

The Foley team was led by partners André Thiollier and Louis Lehot and included associates Saige Gallop, Trevor Mullin, and Sarina Rogers.