PicPay files for USD 100 mln US IPO

Thursday 22 April 2021 14:19 CET | News

Brazil-based mobile payments app operator PicPay filed with the SEC to raise up to USD 100 million in an initial public offering.

PicPay is a digital ecosystem that allows users to transact, communicate, and access financial services. PicPay's key offerings include social networking, digital wallets, financial services, and ecommerce. The company also plans to offer ads to merchants and banks in the future. Active users increased from 6.4 million in 2019 to 28.4 million in 2020.

The Sao Paulo, Brazil-based company was founded in 2012 and plans to list on the Nasdaq under the symbol PICS. BTG Pactual, Bradesco BBI, Santander, and Barclays are the joint bookrunners on the deal.

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Keywords: PicPay, IPO, mobile payments
Categories: Payments & Commerce
Countries: Brazil
This article is part of category

Payments & Commerce