JPMorgan-Backed Digital Bank C6 to Double Loans to Midsize Firms
- Brazilian lender plans more hiring after adding 2,300 in 2022
- Bank ‘won’t shy away’ from the business, founding partner says
This article is for subscribers only.
C6 Bank, the Brazilian digital lender backed by JPMorgan Chase & Co., is planning to double its loan portfolio to midsize firms as it diversifies beyond retail clients.
By the end of next year, C6 hopes to increase its loan book to such companies to more than 3.5 billion reais ($675 million) from about 1.8 billion reais now, according to founding partner Adriano Ghelman. Midsize firms are those with annual revenue of at least 30 million reais.