Evertec, a Puerto Rican company that provides technology solutions for the financial sector, has completed the acquisition of Sinqia, a Brazilian software provider for the same industry.

Evertec’s CEO, Mac Schuessler, said that the deal will allow the company to expand its products and services in Latin America and become the region’s leading fintech.

Evertec financed the acquisition with a combination of new term loans from Banco Popular de Puerto Rico, FirstBank Puerto Rico and other lenders.