Emirati Mubadala and Mastercard in Talks for Brazilian Fintech Rescue Deal
Mubadala and Mastercard are negotiating to acquire Brazilian fintech Will Holding, facing financial issues, with FGC's potential support.
According to Bloomberg, Mastercard and Abu Dhabi's Mubadala Investment Fund are working on a deal to acquire control of Will Holding Financeira S.A., a Brazilian fintech facing financial difficulties, with plans for capital injection, according to sources familiar with the negotiations.
This deal comes at a time when Will Holding, which operates Will Bank, is under considerable pressure, as the Brazilian Deposit Insurance Fund (FGC) is considering providing a loan to the company with the option to convert it into equity in the future. Mubadala, which manages assets exceeding $300 billion, would take control of the company following the deal, while Mastercard's precise role remains undisclosed.
Key points:
- Main Deal: Mubadala is in negotiations to gain control of Will Holding Financeira S.A. (Will Bank) with capital injection, involving Mastercard.
- FGC's Role: The Brazilian Deposit Insurance Fund is considering providing a convertible loan to support the company.
- Company Background: Will Holding faces significant financial difficulties, making the deal a rescue operation.
- Mubadala's Role: The Abu Dhabi fund would be the main controlling entity, backed by assets exceeding $300 billion.
- Context: The deal reflects a surge in Gulf investments in South America, especially in the fintech sector struggling under economic pressures in Brazil.
- Implications: The deal could help save the company, but is subject to Brazilian regulatory approvals, with an unspecified role for Mastercard in financing or technology.
Sources & References
Editorial Note
Edited & Reviewed by the Ecopulse Editorial Board 1/24/2026, 20:59:39 UTC
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