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The forecast is that the modality will be in the air in October. When contacted, the digital bank limited itself to saying, through the press office, that it will not disclose details about the new product yet.
The bet is on a market that is currently around R$12 billion, but has the potential to inject R$500 billion into the economy, and has been attracting more and more fintechs (see Credits, CashMe, CrediHome, LendMe and others).
Instead of establishing a partnership, the C6 is developing the product in-house, and has hired Vivere, Accenture's specialized mortgage company, to help design the new solution, Finsiders found out.
Founded by former BTG Pactual partners in 2019, C6 has been growing its base at an accelerated pace and adding new products and services to the digital platform. In the first five months of the year alone, the bank's user base grew by 79%.
With more than 7 million customers, the digital bank offers a multi-currency account, debit and credit cards, a loyalty program, an investment and credit platform for individuals and companies, among other services. Recently, it announced that it reached all Brazilian municipalities.
No wonder C6 attracted J.P. Morgan, which struck a deal at the end of June to buy 40% of the digital bank. According to a Bloomberg report at the time, depending on the evolution of the business, the American bank may acquire 100% of C6 in the future.
According to the latest financial data released, C6 ended the first half of 2020 with a net loss of BRL 124.4 million, against losses of BRL 88.5 million in the same period in 2019. Equity, in turn, was of R$459.3 million in the first six months of 2020, compared to R$335.6 million registered in the same period of the previous year.
The forecast is that the modality will be in the air in October. When contacted, the digital bank limited itself to saying, through the press office, that it will not disclose details about the new product yet.
The bet is on a market that is currently around R$12 billion, but has the potential to inject R$500 billion into the economy, and has been attracting more and more fintechs (see Credits, CashMe, CrediHome, LendMe and others).
Instead of establishing a partnership, the C6 is developing the product in-house, and has hired Vivere, Accenture's specialized mortgage company, to help design the new solution, Finsiders found out.
Founded by former BTG Pactual partners in 2019, C6 has been growing its base at an accelerated pace and adding new products and services to the digital platform. In the first five months of the year alone, the bank's user base grew by 79%.
With more than 7 million customers, the digital bank offers a multi-currency account, debit and credit cards, a loyalty program, an investment and credit platform for individuals and companies, among other services. Recently, it announced that it reached all Brazilian municipalities.
No wonder C6 attracted J.P. Morgan, which struck a deal at the end of June to buy 40% of the digital bank. According to a Bloomberg report at the time, depending on the evolution of the business, the American bank may acquire 100% of C6 in the future.
According to the latest financial data released, C6 ended the first half of 2020 with a net loss of BRL 124.4 million, against losses of BRL 88.5 million in the same period in 2019. Equity, in turn, was of R$459.3 million in the first six months of 2020, compared to R$335.6 million registered in the same period of the previous year.