Evertec, Inc. (NYSE: EVTC) is set to expand its Latin American fintech footprint with a controlling stake acquisition of Tecnobank Tecnologia Bancária S.A., a leading Brazilian fintech specializing in digital vehicle financing contract registration. The transaction, valued at R$787 million (approx. $144 million USD) for 75% ownership, will be executed through Evertec’s subsidiary, Evertec Brasil Informática S.A., and is expected to close in Q4 2025, pending regulatory approval from Brazil’s competition authority, CADE.

Expanding in Brazil’s Fintech Landscape

Tecnobank is a prominent player in Brazil’s digital vehicle financing sector, offering solutions that streamline contract registration for auto lenders and dealerships. By acquiring a majority stake, Evertec is positioning itself to deepen its presence in Brazil’s rapidly growing fintech market and expand its digital service offerings.

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

Strategic Implications

The deal highlights the ongoing trend of global payment and fintech providers investing in Latin America’s digital finance infrastructure, a market increasingly driven by automation and digital lending. For Evertec, Tecnobank brings specialized technology that complements its existing payment processing and fintech solutions across the region, potentially opening doors for additional product integrations and regional expansion.

If approved by CADE, this acquisition will mark a key step in Evertec’s strategy to combine Latin American market expertise with specialized fintech capabilities, strengthening its position as a major digital finance player in Brazil and beyond.