Evertec Expands in Brazil with Acquisition of Tecnobank
Evertec, Inc. has bolstered its financial technology capabilities with the acquisition of Tecnobank Tecnologia Bancária S.A. The deal, facilitated through Evertec's wholly-owned subsidiary Evertec Brasil Informática S.A., sees the company expand its reach in the Brazilian stock market.
Tecnobank, a leading fintech vendor in Brazil's digital vehicle financing contract registration sector, brings significant expertise to Evertec. The acquisition scales Evertec's footprint in the world market, allowing it to continue its momentum across Latin America.
Mac Schuessler, President and CEO of Evertec, expressed excitement about the acquisition, highlighting the new avenues for growth it opens. The previous transaction closure for the participation in Tecnobank Tecnologia Bancária S.A. was conducted by Banco do Brasil S.A.
Evertec, Inc. has acquired a controlling stake in Tecnobank Tecnologia Bancária S.A., strengthening its financial technology capabilities and expanding its reach in the stock market.
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