Shutdown
Mar 2026Extruct reports Broad ceased operations on 2026-03-16, citing an official notice page.
SourceThe multicurrency account and card for Brazilians
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
123 Buckingham Palace Road, London SW1W 9SH, United Kingdom
909 E Broad Street, Athens, Georgia 30601, United States
Business model
FX spread on currency conversion
card interchange fees
no-fee consumer account/card service
Funding
Stage
Seed
Total raised
$125K
Latest round
Seed · Mar 2021
Latest amount
$125K
Mar 2021 · Y Combinator
People & investors
Investors
Work & culture
Product & market
Pricing
No opening or maintenance fees; revenue from FX spread (up to 2%) plus card interchange fees, with IOF applied on transactions.
Differentiators
- —Balances in USD, EUR, and GBP
- —Mastercard debit card accepted in 200+ countries
- —No opening or maintenance fees
- —Bill splitting feature for travelers
- —Portuguese-language support
- —Focus on Brazilians and global inclusion
Technology
Stripe
GitHub
GitHub Actions
Dropbox
Google Cloud Platform
Customers
Brazilians who travel internationally
Brazilian customers shopping online in foreign currencies
People holding balances in multiple currencies
Latin American users seeking protection from currency devaluation
Competitors
Wise
Nomad
Avenue Securities
C6 Bank
Nubank
Itaú Unibanco
Scale & contact
Estimated revenue
Approximately $1M ARR (estimated)
Signals & risks
Other
May 2026Endole shows a compulsory strike-off / active proposal to strike off Broad Fintech Ltd, indicating UK corporate compliance distress.
SourceLatest news
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.
Jobs and careers at Broad
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