Extruct reports Broad ceased operations on 2026-03-16, citing an official notice page.
SourceThe multicurrency account and card for Brazilians
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Broad is a London-based fintech founded in 2019 that built a multicurrency account and Mastercard debit card for Brazilians to hold and spend USD, EUR, and GBP internationally.
Primary product
Multicurrency account and Mastercard debit card for international spending (USD/EUR/GBP).
Founded
2019
Headquarters
London, England, United Kingdom
Team size
1-10 employees
Industry
Financial Services
Sub-industry
Payment Software
Offices
0 jobs at Broad
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Business model
Stage
Seed
Total raised
$125K
Latest round
Seed · Mar 2021
Latest amount
$125K
Mar 2021 · Y Combinator
Investors
Pricing
No opening or maintenance fees; revenue from FX spread (up to 2%) plus card interchange fees, with IOF applied on transactions.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $1M ARR (estimated)
Endole · May 2026
Shows a compulsory strike-off / active proposal to strike off Broad Fintech Ltd, reinforcing the shutdown/compliance-risk signal.
Extruct AI · Mar 2026
States that Broad ceased operations on 2026-03-16 and summarizes its 2019 founding, London headquarters, $125K seed round led by Y Combinator, and named investor Goodwater Capital.
LatAm Fintech / Bloomberg Línea · Jun 2025
Covers Broad's 2025 Brazil-market push, its founders Marcos Pileggi Filho and Juliano Alves, the multicurrency product, competitors such as Wise, Nomad, Avenue, C6 and Nubank, and the revenue model based on FX spread and interchange.
Bloomberg Línea · Jun 2022
Original launch coverage describing Broad's multicurrency account/card, June 2022 Brazil launch, travel-focused customer segment, no-fee positioning, Google/Apple Pay plans, and competition in Brazil.
Startups.com.br · Jun 2022
Describes the late-2021 pilot and June 2022 launch, Y Combinator participation, the exchange-spread and interchange business model, and differentiators such as expense splitting for travelers.