Finance
JPMorgan-Backed Digital Bank C6 Posts First Quarterly Profit
- Brazilian fintech expects full year profit of 2 billion reais
- C6 CEO Marcelo Kalim speaks in an interview on results
C6 recorded a profit of 461 million reais through March and is projecting a full year gain of about 2 billion reais.
Source: C6 BankThis article is for subscribers only.
Brazilian digital bank, C6, which is backed by JPMorgan Chase & Co., posted its first quarterly profit in the first three months of the year, according to chief executive officer Marcelo Kalim.
The Sao Paulo-based financial technology firm recorded a profit of 461 million reais ($90.1 million) through March and is projecting a full year gain of about 2 billion reais, Kalim said in an interview.