JPMorgan Chase and C6 Bank announced that they have entered into a strategic agreement, whereby JPMorgan Chase will take a 40% ownership stake in the full-service Brazilian digital bank, subject to regulatory approvals. Financial terms of the transaction were not disclosed. “We’re excited to be partnering with one of Brazil’s fastest growing digital banks,” said Sanoke Viswanathan, CEO of International Consumer for JPMorgan Chase. “We’ve admired C6 Bank, its management team and their strategy for some time. With an impressive platform and product suite, they are well-positioned to sustain their growth trajectory and build a strong franchise. We look forward to supporting C6 Bank in its aspiration to be a long-term winner in the Brazilian banking market.” “Partnering with JPMorgan Chase, a global leader in financial services and a trusted name in retail banking, is a game-changer,” said Marcelo Kalim, CEO and co-founder of C6 Bank. “With their support, we will invest and scale our business in a way that continues to provide Brazilian customers with best-in-class digital banking products to help them accomplish their goals.”

https://www.businesswire.com/news/home/20210628005666/en/JPMorgan-Chase-Takes-40-Stake-in-Brazil%E2%80%99s-C6-Bank