FF News Logo
Friday, October 24, 2025
SFF x FFNews

Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil

EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A. (“Tecnobank”), a leading fintech vendor in Brazil’s digital vehicle financing contract registration sector, through its wholly-owned subsidiary Evertec Brasil Informática S.A.

“We are excited to welcome the Tecnobank team to Evertec, strengthening our financial technology capabilities and opening new avenues for growth,” said Mac Schuessler, President and CEO of Evertec. “Further, this acquisition scales our footprint in the rapidly-growing Brazilian market as we look to continue our momentum across Latin America.”

People In This Post

Companies In This Post

  1. FF Tattoo Studio: Fenergo on Native ID&V and the Fight Against FinCrime Read more
  2. Generative AI in Banking: From POCs to Front-Office Impact Read more
  3. EXCLUSIVE: “Chain Reaction” – Sergey Nazarov and Fernando Vazquez, Chainlink in ‘The Paytech Magazine’ Read more
  4. FF Tattoo Studio: Datavillage on Privacy-First Data Collaboration and Faster Fraud Investigations Read more
  5. Chancellor Unveils Plans to “Supercharge” Growth of Innovative Financial Services Firms Read more
SFF25 x FFnews