PicPay Reignites US IPO Push After Doubling Revenue
Hey FinTech Fanatic!
PicPay disclosed a sharp jump in revenue and profit in new US IPO filings, as the Brazilian FinTech renews its push to list shares in New York.
For the nine months ending September 30, PicPay reported profit of R$313.8M, up from R$172M a year earlier. Revenue and financial income reached R$7.26B, nearly double year over year.
This marks PicPay’s second attempt at a US listing after pulling its IPO plans in 2021 amid weak market conditions. The timing now looks different as public markets slowly reopen.
The company operates a broad financial platform built around payments, savings, and credit, with Pix and QR codes at the core of daily usage for consumers and small businesses.
What’s clear here is the wider signal. IPO momentum is expected to pick up in 2026, with more FinTech and crypto companies preparing to test the market again. PicPay is now firmly back in that group...
Curious where FinTech is heading next? Dive into today’s updates 👇 Back tomorrow with more stories shaping the industry.
Cheers,
Marcel
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OPEN BANKING NEWS
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REGTECH NEWS
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DIGITAL BANKING NEWS
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🇮🇳 Axis Bank launches ‘Safety Centre’ on its mobile banking app to give customers control over key features. The Safety Centre enables customers to tailor security settings based on their usage and comfort, the private sector bank said in a statement.
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
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M&A
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MOVERS AND SHAKERS
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