JPMorgan buys 40% of C6 Bank – 28/06/2021 – Market

JPMorgan Chase has bought a 40% stake in digital bank C6 Bank, financial institutions announced on Monday.

The agreement marks the entry of JPMorgan into Brazilian retail banking.

JP Morgan announced this Monday (28) the purchase of 40% of C6 Bank – Neil Hall/Reuters

Founded in 2019 by former BTG Pactual partners, C6 has 7 million customers, according to a bank statement.

The acquisition price and the “valuation” of the C6 were not revealed.

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