Retail access trumps corporate in the new Brazil

Nubank’s acquisition of Easynvest this month is just one example of how the financial market in Brazil is developing at a dizzying speed.

Nubank’s Easynvest deal, adding 1.5 million clients to the digital bank’s 30 million customers, is an important development in the market, but there have been many others in recent weeks.

Bradesco has launched a payments app called Bitz, BTG Pactual has announced plans to launch a retail bank in 2021 and BR Partners is nearing its IPO. The digital bank Banco Inter followed up its recent equity deal by announcing it now has seven million customers.

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