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
