June 30, 2021 |
Brazilian financial technology firm C6 Bank has obtained funding for its expansion plans by selling a 40% stake to US bank JPMorgan Chase for an undisclosed amount, sources told LatinFinance on Tuesday.
"It is pretty clear that they need some capital to grow," said Marcel Campos, a financial analyst at local brokerage firm XP Investimentos.
According to Verena Fornetti, a partner at C6 Bank, the São Paulo-based fintech will use the investment to add to its portfolio of financial products and exp
Brazilian fintech plans to roll out "more innovative products" with money from the investment, partner says