Evertec Boosts Brazil Presence with Tecnobank Acquisition
Evertec, Inc. has bolstered its presence in Brazil with the acquisition of a controlling stake in Tecnobank Tecnologia Bancária S.A. The deal, which closed recently, sees Evertec's subsidiary Evertec Brasil Informática S.A. take the reins. Tecnobank, a leading fintech vendor in Brazil's digital vehicle financing contract registration sector, brings significant expertise to the table.
The acquisition, led by Mac Schuessler, President and CEO of Evertec, opens up new growth opportunities for the company. It strengthens Evertec's financial technology capabilities and scales its footprint in the Brazilian market. Tecnobank's current CEO, whose identity is not publicly specified, will join forces with João Henrique de Oliveira, the founder, to drive this expansion.
Evertec's aim is clear: to continue its momentum across Latin America. The company expressed excitement about the acquisition, seeing it as a strategic move to enhance its services and reach in the region.
Evertec's acquisition of Tecnobank Tecnologia Bancária S.A. is set to reshape the fintech landscape in Brazil. With a controlling stake now in hand, Evertec looks to leverage Tecnobank's expertise in digital vehicle financing contract registration. This move positions Evertec well for further growth and expansion in the Latin American market.
Read also:
- West Virginia Governor's Revived Board Sparks Legal Concerns Amidst US Clean Energy Push
- Prices of transit tickets in Berlin and Brandenburg are on the rise
- Linde Wins Major Engineering Design Contract for Equinor's Low Carbon Hydrogen Project at H2H Saltend, Progressing Towards a Greener Future
- Economic Growth of Nitric Acid for Electronic Applications Anticipated to Reach 5.8% by 2034
