The negotiation had already received approval from the Administrative Council for Economic Defense (Cade) in August of last year.
The values are not revealed by the institutions. At the time, Estadão/Broadcast found that the value of the purchase was approximately R$10 billion, information that JP does not confirm.
According to a note from the institutions, the deal, which has already received the necessary regulatory approvals in the United States and Brazil, should accelerate the growth of C6.
According to the most recent data, C6 has 14 million customers, which places it among the largest digital banks in the country. The purchase positions JPMorgan, the largest US bank in assets, in the neobanks race for deposits and spending on cards by Brazilians.
C6 is among the ten largest digital banks in the country, according to market data. Numbers from the Sensor Tower consultancy compiled by Bank of America showed that in 2021, the digital banking application was the sixth most downloaded by Brazilians in the category of banks and digital wallets. C6 was ahead of Mercado Pago, Inter and Next, as well as some traditional banks, such as Banco do Brasil, Bradesco, Santander and Itaú.
In monthly active users, C6 was ranked ninth, ahead of names like Neon and Next, according to the same data.
This note was published on Broadcast on 02/04/22, at 2:18 pm - Estadao
The negotiation had already received approval from the Administrative Council for Economic Defense (Cade) in August of last year.
The values are not revealed by the institutions. At the time, Estadão/Broadcast found that the value of the purchase was approximately R$10 billion, information that JP does not confirm.
According to a note from the institutions, the deal, which has already received the necessary regulatory approvals in the United States and Brazil, should accelerate the growth of C6.
According to the most recent data, C6 has 14 million customers, which places it among the largest digital banks in the country. The purchase positions JPMorgan, the largest US bank in assets, in the neobanks race for deposits and spending on cards by Brazilians.
C6 is among the ten largest digital banks in the country, according to market data. Numbers from the Sensor Tower consultancy compiled by Bank of America showed that in 2021, the digital banking application was the sixth most downloaded by Brazilians in the category of banks and digital wallets. C6 was ahead of Mercado Pago, Inter and Next, as well as some traditional banks, such as Banco do Brasil, Bradesco, Santander and Itaú.
In monthly active users, C6 was ranked ninth, ahead of names like Neon and Next, according to the same data.
This note was published on Broadcast on 02/04/22, at 2:18 pm - Estadao