Evertec Moves Into Brazilian Digital Vehicle Financing with Tecnobank Acquisition

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

Evertec Moves Into Brazilian Digital Vehicle Financing with Tecnobank Acquisition