NG.CASH is a digital wallet developed for Generation Z, providing services such as PIX transfers, physical and virtual cards, a shopping area with exclusive discounts, and financial education. The Brazilian company raised funds in the United States intending to expand the business and relied on Trace to bring part of the round to Brazil. Learn about this successful partnership!
Petrus Ballhausen Arruda, Co-founder and COO of NG.CASH, states that this process, mainly for entrepreneurs with little experience, can raise many questions, so it is important to count on specialized partners.
“Opening a bank account abroad and the international transfer process can seem nebulous and time-consuming. So relying on fast and reliable support makes everything easier.” In addition, Petrus advises founders to rely on legal support.
Trace’s customers have free paralegal support during the foreign exchange process. This is how the process happens: After the founder raises funds with foreign investors, Trace transfers the round to Brazil and takes care of the paralegal process at no additional cost. After this, the startup is ready to use the value of its round!
The co-founder of NG.CASH adds a hint about costs: “As there are high costs involved, the ideal is to research and seek the best rates in the market, and Trace has always offered attractive conditions with an exceptional level of service. Evandro Cassiano, head of FX, is great and helped us from the beginning with the exchange rate and all the necessary documentation.”
Learn more about Trace and understand how our team can contribute to your startup’s journey. Contact us here!
