Evertec Inc Acquires 75% Stake in Brazilian Fintech Tecnobank for $144M

Evertec Inc has agreed to acquire a 75% stake in Brazilian fintech Tecnobank for approximately $144 million. The deal, subject to regulatory approval, aims to enhance Evertec's growth and capabilities in the Brazilian market. The acquisition aligns with Evertec's growth strategy and leverages Tecnobank's expertise in digital vehicle financing. The success of the deal depends on regulatory approval and the seamless integration of Tecnobank's operations into Evertec's existing operations.

Evertec Inc. has agreed to acquire a 75% stake in Brazilian fintech company Tecnobank Tecnologia Bancária S.A. for approximately $144 million. The deal, valued at R$787 million, is subject to regulatory approval by Brazil’s Administrative Council for Economic Defense (CADE) and is expected to close in the fourth quarter of 2025 [1].

The acquisition aligns with Evertec's growth strategy and aims to enhance its capabilities in the Brazilian market. Tecnobank, a leading fintech vendor in Brazil’s digital vehicle financing contract registration sector, brings expertise in digital vehicle financing to the table. This acquisition will allow Evertec to expand its product offerings and strengthen its position in the Brazilian market [2].

Mac Schuessler, President and CEO of Evertec, stated, “This acquisition continues to advance our growth strategy and expand our capabilities in Brazil. We look forward to welcoming the Tecnobank team to Evertec and are excited about the opportunities ahead.”

The transaction is expected to be financed using Evertec’s existing liquidity. The company has a strong track record of managing electronic payment networks and processing over ten billion transactions annually, primarily in Latin America, Puerto Rico, and the Caribbean [2].

However, the success of the deal depends on regulatory approval and the seamless integration of Tecnobank's operations into Evertec's existing operations. Various risks and uncertainties, including regulatory delays and the inability to achieve the expected benefits, have been outlined in Evertec’s forward-looking statements [1].

References:
[1] https://www.stocktitan.net/news/EVTC/evertec-to-acquire-controlling-stake-in-tecnobank-a-fintech-company-bng9kag8oz2m.html
[2] https://www.businesswire.com/news/home/20250821727786/en/Evertec-to-Acquire-Controlling-Stake-in-Tecnobank-a-Fintech-Company-in-Brazil