RIO DE JANEIRO, BRAZIL - U.S. bank J.P. Morgan has acquired a 40% stake in Brazilian digital bank C6 Bank for an undisclosed amount. Founded in 2019 by former BTG executives, C6 has more than 7 million customers and is present in every municipality in Brazil.
"We are excited to partner with one of the fastest growing digital banks in Brazil," Sanoke Viswanathan, CEO of international retail banking at J.P. Morgan, said in a statement. "We admire C6 Bank's strategy and management. With an impressive platform of products and services, they are well positioned to continue their . . .