Mergers & Acquisitions ·
PicPay (NASDAQ: PICS) has received final regulatory approval from the Central Bank of Brazil (Bacen) to acquire Kovr…
PICSPicS N.V.
PicPay (NASDAQ: PICS) has received final regulatory approval from the Central Bank of Brazil (Bacen) to acquire Kovr Participações S.A. and its subsidiaries. This approval follows previous clearances from CADE and SUSEP, allowing the company to transition from a distribution-led model to a vertically integrated insurance platform. PicPay is a digital bank operating in the financial services industry in Brazil.