off as an independent company in 2023. Building on the group's deep relationships with thousands of software houses and hundreds of thousands of merchants, Embed evolved from its roots as a payment technology initiative (including the development of what it considers the first TEF Hub in Brazil) into an open platform for digital services. Today, Embed operates as a pluggable layer on top of ERP systems, enabling software houses to offer their clients a full stack of embedded services: payment processing and multi-acquirer TEF integration, fiscal document emission and XML custody, and financial data intelligence — all through a white-label portal with multi-tenant access controls.