AbstractThis work aimed to describe Cambeva cauim, sp. nov., endemic to the Rio Iguaçu basin, Brazil and redescribe Cambeva stawiarski using external and internal morphological data through the revision of specimens deposited in fish collections, including the type material. In this process, we have also added comments on the possible type locality of C. stawiarski. C. cauim, sp. nov. and C. stawiarski are mainly diagnosed by the anatomy and number of procurrent caudal‐fin rays in addition to colouration and several meristic and morphometric characters. Both species are compared with other possibly related species and their synapomorphic characters are discussed. C. cauim, sp. nov. and C. stawiarski along with eight other congeners are endemic to the Rio Iguaçu basin, a high impacted freshwater region which could be considered as a biodiversity hotspot to the genus.