BTG Pactual is set to acquire up to 48% of the fintech meutudo, a company that facilitates online credit services in Brazil, subject to regulatory approval.
BTG Pactual has announced its plan to acquire a stake of up to 48% in the Brazilian fintech meutudo, which specializes in providing online credit solutions. This acquisition is strategically aimed at enhancing BTG's presence in the retail banking sector, particularly in serving individual clients. As the demand for digital loans continues to grow, the integration of meutudo's existing infrastructure and expertise is expected to bolster BTG's offerings in this domain.
Founded in 2019 by entrepreneurs Márcio Feitoza, Marcelo Feitoza, and Felipe Oquendo, meutudo has successfully positioned itself within the Brazilian financial technology space, allowing customers to secure loans online. The platform utilizes proprietary systems to assess client profiles, ensuring responsible lending practices. Since its inception, meutudo has issued over R$ 20 billion in loans and has catered to more than 19 million clients across Brazil, indicating significant market penetration and trust from consumers.
The acquisition must receive approval from regulatory bodies before it can proceed, reflecting the necessary compliance measures that financial transactions of this scale must adhere to in Brazil. If successful, this deal could mark a pivotal expansion for BTG Pactual, further consolidating its role in the increasingly competitive fintech landscape of the country and highlighting the ongoing trend of traditional banks diversifying their services through partnering with innovative financial startups.
