Celcoin, the Brazilian financial infrastructure company, announced on September 1, 2026 that it had acquired VERT Capital, one of Brazil's largest independent providers of services for the credit market, specialising in structured transactions, securitisation and fund administration.
The price was not disclosed. Celcoin has completed the purchase of VERT's securitisation company and its asset management arm. The acquisition of VERT's securities distributor still needs approval from Brazil's central bank.
VERT will keep operating with its own team. Its chief executive, Fernanda Mello, said its services would continue to be offered in a modular and independent way.
What VERT built
VERT was founded about ten years ago and has around 240 employees. It has issued about R$142 billion in transactions and administers roughly R$97 billion in assets, according to the Brazilian outlet Startups. LatamList put those figures at $27 billion and $18 billion.
The company has taken part in more than 490 operations involving Brazilian structured credit and real estate vehicles, including FIDC receivables funds, agribusiness and real estate investment funds, real estate and agribusiness receivables certificates, and corporate bonds. It also works on asset tokenisation, and since 2024 it has operated as a securities distributor, a business with more than R$16 billion in FIDC funds under administration.
“Construímos a Celcoin acreditando que a infraestrutura financeira precisava ser cada vez mais aberta, tecnológica e acessível. A chegada da VERT representa um novo capítulo dessa estratégia”
Why Celcoin is buying
Until now Celcoin's credit business stopped at the infrastructure used to originate, formalise and run loans, a vertical that serves hundreds of clients and originates more than R$1 billion a month. VERT lets it cover the next steps: securitisation, structuring, fiduciary administration and management of structured funds. In other words, Celcoin can now help clients fund the loans they create, not only issue them.
Chief executive Marcelo França said the company was built on the belief that financial infrastructure needed to become more open, technological and accessible, and that VERT opened a new chapter in that strategy for Celcoin's more than 800 clients. The move puts Celcoin in competition with other Brazilian capital markets technology firms such as QI Tech, Vórtx and Kanastra.
Celcoin plans to invest R$500 million (LatamList put it at about $94 million) over three years, including R$200 million for technology. Counting VERT, it expects to reach R$800 million in annual recurring revenue in 2026.
LatamList reported that Celcoin serves more than 800 clients and that its credit infrastructure originates more than $190 million a month. VERT's asset tokenisation work also comes with the deal.
Valio Ventures, which tracks Latin American tech deals, counted 12 fintech transactions in the region in September 2026, including both acquisitions and funding rounds, and said two-thirds of them were focused on credit and capital markets infrastructure, with Celcoin's purchase of VERT among the examples.
Celcoin's acquisition run
VERT is Celcoin's first purchase of 2026, its seventh since 2022 and its second in less than a year. It began with Galax Pay, a recurring billing and sub-acquiring company, followed by credit infrastructure firm Flow Finance, open finance company Finansystech, bought for R$85 million, regtech Regulatório+, debt collection software firm CobranSaaS and, in November 2025, Vulkan Labs, which makes an AI credit decision engine.
Much of that spending was funded by a R$650 million round led by US growth investor Summit Partners in June 2024, with Innova Capital taking part, which was raised explicitly for organic growth and acquisitions. That year Celcoin also set up a dedicated M&A team under Sérgio Meirelles, a former iFood and Citi executive.
What it means for customers
Both companies stressed autonomy. Mello said VERT had built its track record on technical excellence, independence and close client relationships, and that as part of Celcoin it would gain the investment capacity to speed up work on technology, innovation, security and growth.
For Celcoin's fintech and lender clients, the combination means one supplier can now handle a loan from origination through to its sale into a fund or securitisation, steps that until now usually sat with separate companies.
