Z1 is a payment institution that migrates Gen Z users in Brazil and Latin America to the NG.CASH digital banking app. It offers a three‑step, one‑tap migration that transfers existing Z1 balances into a NG.CASH account, giving users immediate access to mobile‑first payment, transfer, and budgeting tools while providing support via email and in‑app chat.
Funding
$26.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Many Gen Z users in Latin America lack a unified, mobile-first digital banking experience that combines easy account setup with seamless access to their existing funds. Switching between legacy payment services and new fintech platforms often requires multiple steps, causing friction and uncertainty about the safety of their money during migration.
Solution
Z1 addresses this friction by migrating its users to NG.CASH, the region’s leading Gen Z digital account. The transition is completed in a few simple steps: download the NG.CASH app, enter a CPF, and confirm a phone number. Once verified, any balance held in the former Z1 account is automatically transferred to the new NG.CASH account, preserving full access to the funds. Users retain full control over their money through the NG.CASH interface, which offers a comprehensive suite of payment, transfer, and budgeting tools tailored to young consumers. Support is provided via email and in‑app chat to assist with any migration questions.
Target Audience
Primary customers are Gen Z individuals in Brazil and broader Latin America who seek a modern, mobile‑first digital banking solution.
Features
- One‑tap migration that moves existing Z1 balances directly into the NG.CASH account
- Simple three‑step onboarding: app download, CPF entry, and phone verification
- Integrated digital banking features (payments, transfers, budgeting) within the NG.CASH app
- Dedicated support channel (email and in‑app chat) for migration assistance
- Compliance with Brazilian financial regulations through Z1 Instituição de Pagamento Ltda.