Turcambio

What Turcambio does

Turcambio is a Brazilian corretora de câmbio (currency exchange broker) operating since before 2020, regulated by Banco Central do Brasil under registration 29991/0001 and headquartered in Imbituba, Santa Catarina. The company operates a hybrid physical-digital distribution model anchored by 9 company-owned retail stores across Santa Catarina and Paraná (including a new expanded Blumenau location inaugurated February 3, 2025), complemented by 9 third-party partner locations and a full e-commerce storefront at turcambio.com.br with home delivery of physical foreign currency. Its core product is moedas em espécie (physical foreign currency) sold with delivery in 1-5 business days depending on currency, alongside MoneyGram and Western Union international money transfers, commercial foreign exchange (Câmbio Comercial) for importers/exporters with forward-contract hedging, a multi-currency Visa TravelMoney prepaid card managed via dedicated Android/iOS app, GTA travel insurance, and an international eSIM/SIM service.

Name

Turcambio

Legal name

Turcambio Corretora de Câmbio

Website

https://turcambio.com.br

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Turcambio is a Brazilian BACEN-regulated currency exchange broker operating 9 retail stores across Santa Catarina and Paraná. It sells physical foreign currency with home delivery, international money transfers, commercial FX for businesses, a multi-currency Visa prepaid card, and related travel services.

Ownership category

akta.pro rank

Product category

Foreign Exchange Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (52221)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

akta.pro secondary industries

Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB), Cross-Border FX, Multi-currency Settlement & Dynamic Currency Conversion (THACAJAF), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Foreign currency exchange
• International money transfers
• Travel prepaid cards
• Commercial exchange services
• Currency hedging solutions

Headquarters

HQ city

Garopaba

HQ country

Brazil

HQ region

Latin America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Currency Exchange Spread: Revenue generated from the spread between the buy and sell exchange rates offered to customers. The spread represents the margin charged on currency exchange transactions, which varies by currency and market conditions. Promotional campaigns with zero spread have been offered for specific currencies.
2. IOF Tax Collection: Collection and remittance of IOF (Imposto sobre Operações de Crédito, Câmbio e Seguros) taxes on foreign exchange transactions. For physical currency purchases, IOF is 1.10% of the total purchase. The tax is included in the quoted price for customers.
3. International Money Transfers (MoneyGram and Western Union): Revenue from international money transfer services offered through MoneyGram (over 200 countries) and Western Union partnerships. Customers pay transaction fees for sending money abroad.
4. Multi-Currency Prepaid Card (Visa TravelMoney): Revenue from the issuance and management of the Turcambio Multimoedas Visa TravelMoney prepaid card, including load fees, reload fees, and ATM withdrawal fees. Card limits apply: $500/transaction ATM, $2,000 daily withdrawal, $30,000 purchase limit, $50,000 maximum balance.
5. Commercial Foreign Exchange (Câmbio Comercial): Revenue from commercial foreign exchange services for businesses, including payment of import invoices and receipt of export proceeds at competitive exchange rates.
6. Travel Insurance (GTA): Revenue from the sale of travel insurance (GTA - GTA Viagens) offered as part of the travel services portfolio.
7. International SIM / eSIM: Revenue from sale of international SIM chips and eSIM plans with global coverage, including plans for Brazil, USA, Global, Asia, Europe, and Latin America.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Turcambio is a Brazilian currency exchange broker (corretora de câmbio) regulated by Banco Central do Brasil that sells physical foreign currencies with home delivery, processes international money transfers via MoneyGram and Western Union, issues a multi-currency Visa TravelMoney prepaid card, provides commercial foreign exchange (import payments, export receipts, hedging/forward contracts) for businesses, and bundles travel-related services including GTA travel insurance and international eSIM/SIM chips.

Product overview

Turcambio is a Brazilian currency exchange broker (corretora de câmbio) offering a comprehensive suite of foreign exchange products. The core offering centers on physical currency sales (moedas em espécie) with home delivery or store pickup, complemented by international transfer services via MoneyGram and Western Union networks. The product portfolio also includes commercial exchange for businesses, multi-currency Visa prepaid travel cards, travel insurance through GTA, and international eSIM chips. The offering operates as a unified service platform with both online (website/app) and physical store channels across Santa Catarina and Paraná states.

Differentiator

Problem solved

Functional benefit

Brands

• Turcambio Multimoedas Visa Travel Money: A prepaid multi-currency travel card branded under Visa, allowing users to load multiple currencies and use them internationally at Visa-accepting merchants and ATMs.
• Chip Internacional Turcambio

Products and services

• Moedas em espécie (Physical Foreign Currency) Purchase of physical foreign currencies for home delivery or in-store pickup. Supports USD, EUR, GBP, JPY, NZD, and South American currencies (Peruvian Sol, Uruguayan Peso, Chilean/Colombian/Argentine/Mexican Peso, Canadian Dollar, Australian Dollar, Swiss Franc). USD delivered within 1 business day, EUR within 3 business days, other currencies within 5 business days. Online transaction maximum of R$10,000 per operation.
• Câmbio Comercial (Commercial Foreign Exchange) Commercial foreign exchange services for businesses, including payment of import invoices and receipt of export proceeds at competitive market exchange rates. Includes currency hedging instruments such as forward contracts (contratos a termo) for businesses to lock in exchange rates for future transactions and protect against exchange rate volatility.
• Transferência Internacional (International Money Transfer) International money transfers for maintaining foreigners abroad or sending gifts/payments to family members internationally. Operationalized through MoneyGram and Western Union agent services.
• MoneyGram International Transfers MoneyGram international money transfers enabling cash sends to over 200 countries, available within minutes at participating agents. No bank account required for the sender. Maximum transfer limit of US$10,000.
• Western Union International Transfers Western Union international remittance services for sending money worldwide with speed and security through one of the global leaders in international transfers, with access to 500,000+ pickup locations globally.
• Turcambio Multimoedas Visa TravelMoney Prepaid Card Multi-currency prepaid Visa travel card accepted worldwide at Visa merchants and ATMs. Supports USD, EUR, GBP, CAD, AUD, and NZD. Limits include $500/transaction ATM withdrawal, $2,000 daily withdrawal limit, $30,000 purchase limit, $30,000 first load/reload limit, $50,000 maximum balance. Managed through a dedicated mobile application (Android/iOS).
• Seguro Viagem GTA (Travel Insurance) GTA travel insurance offering comprehensive assistance services for travelers and companions, providing protection during international trips. Pricing varies based on destination, trip duration, and coverage level.
• Chip Internacional (International eSIM/SIM) International SIM chip and eSIM service for global connectivity while traveling. Available plans include eSim Brasil (from $5.20), eSIM USA (from $3.20), eSIM Global (from $4.16), eSIM Asia (from $2.60), eSIM Europa (from $2.08), eSIM America Latina (from $9.00), and eSIM Copa do Mundo (from $10.05).

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core, supporting and minor.

• MoneyGramcoreChannel Partner/ Reseller/ DistributorTurcambio is an authorized MoneyGram agent, enabling customers to send money to over 200 countries in minutes. No bank account required for sender. Maximum transfer limit of US$10,000. Money available to recipient within 10 minutes of sending.
• Western UnioncoreChannel Partner/ Reseller/ DistributorTurcambio is an authorized Western Union agent offering international remittances. Western Union operates in over 200 countries with more than 500,000 physical pickup locations worldwide.
• Visa (TravelMoney)coreTechnology or IntegrationThe Turcambio Multimoedas Visa TravelMoney card is a Visa-affiliated multi-currency prepaid card accepted at all Visa-accepting establishments and ATMs worldwide. The card supports USD, EUR, GBP, CAD, AUD, and NZD.
• GTA (GTA Viagens)supportingStrategic or Co-development PartnerGTA provides travel insurance services offered alongside Turcambio's financial products. GTA offers a set of assistance services to make travel smoother with more protection for travelers and companions.
• Jobway Tecnologia LtdasupportingTechnology or IntegrationJobway Tecnologia Ltda (CNPJ: 13.242.027/0001-32) is the appointed Data Protection Officer (Encarregado/DPO) for Turcambio under LGPD compliance, serving as the communication channel between the controller, data subjects, and ANPD.
• DS Travel Agência de ViagensminorChannel Partner/ Reseller/ DistributorPartner location in Urussanga, SC offering payment orders for international transfers (MoneyGram). Hours: Monday to Friday 8:30-18:30, Saturday 9:00-12:00.
• FLEX Serviços e Turismo LtdaminorChannel Partner/ Reseller/ DistributorPartner location in Curitiba (2 locations: Rua Marechal Deodoro 344 and 630) offering travel and currency exchange services.
• iCambio TurismominorChannel Partner/ Reseller/ DistributorPartner in Florianópolis offering currency exchange and prepaid travel cards.
• ITA TurismominorChannel Partner/ Reseller/ DistributorPartner location in Itajaí offering currency exchange services. Hours: Monday to Friday 9:00-18:00, Saturday 9:00-13:00.
• JC CâmbiominorChannel Partner/ Reseller/ DistributorPartner location in Florianópolis offering prepaid international travel cards.
• Point Tour TurismominorChannel Partner/ Reseller/ DistributorPartner location in Rio do Sul offering travel services.
• Sidney CâmbiominorChannel Partner/ Reseller/ DistributorPartner location in Curitiba with extended operating hours including Sundays. Hours: Monday to Friday 10:00-21:30, Saturday 10:00-18:00, Sunday 14:00-19:30.
• SINGRATUR Corretora de Câmbio LtdaminorChannel Partner/ Reseller/ DistributorPartner location in Maringá, Paraná, offering currency exchange services. Hours: Monday to Friday 9:00-18:00, Saturday 9:00-12:00.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Itaú Unibanco: One of Brazil's largest banks offering currency exchange, international transfers, and multi-currency products through its retail and commercial channels. Overlaps with Turcambio's commercial FX (Câmbio Comercial) and consumer travel FX, with vastly greater scale and full banking-license capabilities.
• Banco do Brasil: Major Brazilian bank offering currency exchange, international remittances, and travel-related financial products (including its own travel card and insurance). Competes with Turcambio in both consumer travel FX and commercial FX for importers/exporters, with national branch coverage.
• XP Investimentos: One of Brazil's largest retail brokerages offering international FX, US stock investing, and remittance services as part of a broader investment product suite. Competes for the same Brazilian consumer FX and cross-border wallet demand as Turcambio, with materially larger scale and digital infrastructure.

Emerging players

• Banco Inter: Brazilian digital bank with Inter Global offering USD-denominated accounts, international transfers, and a multi-currency debit card. Emerging fintech competitor targeting the same Brazilian consumer cross-border wallet segment as Turcambio with a digital-only model and national reach.
• C6 Bank: Brazilian digital bank offering C6 Global account with USD balances, international transfers, and a Mastercard global card. Comparable to Turcambio's multi-currency card and FX services but distributed through a digital-only platform with national coverage.
• Ebury: UK-headquartered B2B FX and international payments fintech operating in Brazil, serving SMB importers/exporters with currency exchange, hedging, and cross-border payments. Most directly comparable to Turcambio's Câmbio Comercial offering for businesses, with broader international capabilities.

Direct peers

• Confidence Câmbio: Brazilian chain of physical currency exchange houses offering travel currency, prepaid cards, and remittances across multiple states. Most analogous operating model to Turcambio with physical retail footprint, online currency sales, and B2B commercial FX — direct head-to-head competitor in the travel FX segment.
• Avenue Securities: Brazilian investment platform offering international stock investing, currency exchange (USD/BRL), and remittance services for Brazilian residents. Closely comparable to Turcambio's consumer FX and cross-border offering, particularly the multi-currency card and international transfer use cases.
• Nomad: Brazilian digital-first fintech offering a multi-currency account with USD/EUR balances, international transfers, and a Visa debit card for Brazilian residents. Directly competes with Turcambio's multi-currency card and FX services for Brazilian consumers, but with a pure-digital, broader geographic reach.

Regional players

• Wise: UK-headquartered cross-border payments platform operating in Brazil with multi-currency accounts and BRL international transfers at mid-market FX rates. Comparable to Turcambio's international transfer and FX offering, but with a global digital model and no physical presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/turcambiocorretora
• LinkedInlinkedin.com/company/turcambio-corretora-de-c-mbio
• Instagraminstagram.com/turcambio
• Xx.com/turcambio

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turcambio