C6 Bank gets growth capital from JPMorgan deal

C6 Bank gets growth capital from JPMorgan deal

M&A Equity Technology Brazil United States

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

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