Last July, Thiago Garrides took over as Chief Financial Officer (CFO) of Cactus Gaming. Cactus Gaming is an award-winning Brazilian company, a leader in technology and B2B solutions for the sports betting and online gaming sector in Latin America, and is expanding internationally.
The executive’s arrival marks the beginning of a new cycle of consolidation, innovation, and financial expansion for the company. All of this is aligned with its strengthening in Brazil and growth in regulated international markets.
With a solid international track record, Garrides has over 20 years of experience in corporate finance, risk management, and treasury. He has also led projects focused on operational efficiency, governance, and the structuring of financial services solutions.
Previously, the executive held leadership positions at institutions such as Inter, Stellantis, ArcelorMittal and Mercantil do Brasil, always serving in strategic, high-level leadership positions.
Certified in CGA (ANBIMA Manager Certification), he brings a keen vision of governance, scalability, and sustainability of digital businesses.
Statements from Cactus Gaming’s new CFO
Garrides comments on the responsibility of taking on the new role. “Taking on the role of CFO at Cactus is a great opportunity to contribute to the company’s growth and financial strength. I have 20 years of corporate experience focused on finance and management, where I’ve had the opportunity to build a distinguished career in various sectors with significant results.”
“My mission is to drive the company’s strategic transformation, strengthen financial performance with a focus on revenue diversification, and structure the finance department to operate in new regulated markets, building a globally scalable organization while preserving Cactus’ innovative and entrepreneurial DNA,” adds Thiago Garrides.
Cactus Gaming, like its founder, Nickolas Ribeiro, recognizes the importance of bringing in renowned professionals to strengthen the company.
Nickolas emphasizes: “Thiago’s arrival represents a significant step forward in our executive structure. We are currently consolidating and expanding internationally, and having a CFO with his experience and strategic vision reinforces our commitment to solid, responsible management aligned with the challenges of the iGaming sector.”
Responsible and sustainable ecosystem in iGaming
The new CFO believes that, in iGaming, technology embedded in a responsible and sustainable ecosystem needs to go beyond simply offering games and platforms. He believes the sector must balance innovation, compliance, security, user experience, and social responsibility.
Garrides also comments on the issue of responsible gaming. “With the significant progress of our operations, we reinforce our commitment to building a safe and responsible environment, investing in raising awareness about the responsible use of platforms.”
Cactus is a strategic partner for operators, offering the highest global standards of security, transparency, and innovation. The brand promotes a complete ecosystem of products and services for the market with the confidence of those certified by international standards.
Thiago Garrides discusses the brand’s financial models. “The combination of creating high-performance financial models and the ability to navigate complex regulatory environments ensures my contribution to solid growth, in full compliance and with a focus on sustainable results.”
About Cactus Gaming
Cactus Gaming is a Brazilian technology company specializing in developing innovative solutions for the sports betting and online gaming market. We offer an ecosystem of services for operators seeking high-performance, high-conversion technology solutions.
A certified company that operates within regulatory compliance, reinforcing its reliability and security for operators and users. The company has established itself as a powerhouse in the sector with over 25 years of experience in the digital market. It has also achieved market leadership by combining advanced technology, security, 24/7 support, and local expertise.
Awarded Best Platform of the Year for two consecutive years, winning the “Best White Label” awards at the SiGMA Awards 2024 and “Best Platform” at the BiS Awards 2024 and 2025, and also competing for the C-Level of the Year award, with its Chief Business Officer, Tiago Silva.
With a presence at the main global events in the sector such as ICE, SiGMA Americas, SBC Summit, SiGMA Europe, IGB among others, and in full international expansion, Cactus Gaming reinforces its leadership by expanding its operations in Latin America and other markets.