Evertec Strengthens Brazilian Footprint with Tecnobank Majority Stake Acquisition

Evertec, Inc. (NYSE: EVTC) has unveiled plans to acquire a 75% controlling interest in Tecnobank Tecnologia Bancária S.A., a prominent fintech player specializing in Brazil’s digital vehicle financing registration sector. The Puerto Rico-based transaction processor will invest approximately USD $144 million (equivalent to R$787 million) through its subsidiary Evertec Brasil Informática S.A., leveraging existing financial resources to fund the deal.

Strategic Expansion in Brazil’s Fintech Landscape

This move represents a significant milestone in Evertec’s regional growth agenda. The company, which operates across 26 Latin American countries and manages critical payment infrastructure including the ATH® network, continues to deepen its presence in Brazil’s rapidly evolving financial technology ecosystem. The acquisition aligns with Evertec’s broader objective to enhance its product portfolio and service capabilities across its key markets.

Tecnobank has established itself as a leading vendor within Brazil’s specialized digital vehicle financing contract registration segment—a niche but strategically important component of the fintech infrastructure. By bringing Tecnobank into its corporate structure, Evertec gains direct access to this vertical market and the expertise embedded in Tecnobank’s operations.

Timeline and Regulatory Hurdles

The transaction remains conditional upon standard closing requirements, with Brazil’s Administrative Council for Economic Defense (CADE) holding authority over final approval. The regulatory body oversees competitive matters in Brazil’s economy. Assuming regulatory clearance proceeds smoothly, the acquisition is projected to conclude during the fourth quarter of 2025.

“This acquisition continues to advance our growth strategy and expand our capabilities in Brazil,” stated Mac Schuessler, President and CEO of Evertec. The executive emphasized the company’s enthusiasm about integrating Tecnobank’s team and leveraging the opportunities this combination will create.

About Evertec’s Market Position

Evertec operates as a comprehensive transaction processor and financial technology solutions provider throughout Latin America, the Caribbean, and Puerto Rico. The organization delivers merchant acquiring services, payment infrastructure, business process management, and financial technology outsourcing across its regional network. The company processes billions of transactions annually through its owned and operated electronic payment networks, serving a diverse clientele including financial institutions, corporations, merchants, and government entities throughout the jurisdictions where it operates.