Sector
Fintech
Mission
Bringing financial education through access to digital money, teaching teenagers in practice.
Founders
Mario Augusto Sa, Rodin Spielmann
Why we’re in love
Revolutionizing the financial market and showing that the New Generation is already here and wants a bank made for them.
What is NG.CASH?
NG.CASH is the financial app dedicated to teenagers trying to keep track of their money.
Business and value proposition
NG.CASH is the leading solution for Teen Banking in Latam, starting in Brazil. They offer a complete super app for GenZs with services like allowance planning, AI financial advisor on whatsapp, savings, crypto trading, personalized cards, micro insurance, credit cards and personalized discounts on the NG.SHOP.
Why we invested?
- Strong founders with experienced executive team: Mario (CEO) is an outlier founder, a third-time founder with one successful exit (Banking as a Service exit to Stone) at the age of 26. He surrounded himself with very experienced talent, forming a very complimentary team. They have clear goals of building a multi-billion dollar company across Latam (200M potential clients).
- Strong Founder-Market Fit: Mario built one of the most successful Youtube channels in Brazil tailored to teenagers with over 10M subscribers and then built a multi-million revenue influencer agency. He understands how to reach and distribute to this demographic. This can be seen by the impressive 4 BRL CAC (less than 1$) vs the Competitor’s average of 25 BRL (from ref call of a former employee).
- Strong signals of PMF: 420k monthly revenue generating active users, 72% 90-day retention, 50% 1 year retention (vs 20% Brazil average), 1 million + accounts created, positive unit economics on a per user basis
- Tier 1 co-investor base: A16Z, Monashees, and StoneCo (Nasdaq-listed Brazilian fintech) is an impressive list of co-investors, which shows the strength of the founding team and the capacity to communicate the vision.
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