Evertec to Acquire 75% Stake in Brazil’s Tecnobank for R$144 Million

['Narayan Ammachchi', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] Nearshore Americas 2025-09-15 14:31:30

Puerto Rico-based fintech Evertec, Inc. has signed a definitive agreement to acquire a 75% controlling stake in Brazilian digital contract solutions provider Tecnobank Tecnologia Bancária S.A. for US$144 million. Founded in 2007 and headquartered in São Paulo, Tecnobank has become a major player in digital contract registration for Brazil’s vehicle financing sector—a key enabler of consumer credit in Latin America’s largest economy. Its digital solutions ensure compliance, security, and legal validity for auto-lending contracts, serving banks, credit unions, and auto-finance firms nationwide. “This acquisition strengthens our capabilities in Brazil’s digital finance sector,” said Evertec CEO Mac Schuessler, emphasizing the company’s commitment to innovation and financial inclusion. The transaction will be financed through Evertec’s existing liquidity, with options to acquire the remaining 25% stake in the future.