PicPay reported second quarter 2026 financial results that exceeded guidance, driven by a 67% year-over-year increase in net revenue to R$4.1 billion and adjusted net income of R$283 million. The company surpassed 70 million total accounts, with average revenue per active customer (ARPAC) rising 52% to R$92.0. Net interest income grew 65% year-over-year to R$2.0 billion, supported by a consolidated credit portfolio expansion of 99% to R$31.9 billion. PicPay completed the acquisition of Kovr and launched AI-powered plugins across ChatGPT and Claude ecosystems. The company provided third quarter 2026 guidance projecting managerial revenues of approximately R$4.04 billion and adjusted net income of approximately R$265 million. PicPay operates as a digital bank in Brazil, offering financial products including digital wallets, credit cards, loans, investments, and insurance.

PicPay appointed André Cazotto as Chief Financial Officer effective August 10, 2026. Cazotto previously served as Executive Director of Investor Relations, M&A, and Strategy, succeeding Rodrigo Couto, who will remain as Special Advisor through the end of 2026 to ensure a seamless transition. The company reaffirmed its confidence in delivering previously issued second quarter 2026 guidance and announced it will report financial results on August 24, 2026. PicPay operates one of Brazil's largest digital banking ecosystems, offering financial products including digital wallets, credit cards, loans, investments, and insurance to consumers and businesses.

PicS N.V., the parent company of PicPay Bank, completed its acquisition of Kovr Participações S.A. on August 3, 2026, following satisfaction of all customary closing conditions and prior regulatory approvals from Brazil’s anti-trust regulator CADE, insurance regulator SUSEP, and Central Bank Bacen. The transaction grants PicPay 100% ownership of Kovr and 53% of Estrutural Corretora Assessoria e Consultoria de Seguros Ltda., with a call option on the remaining Estrutural quotas. This move expands PicPay’s digital insurance technology capabilities within its broader financial services ecosystem. PicS N.V. operates in the fintech industry, providing digital banking, payments, credit, investments, and insurance solutions to consumers and entrepreneurs in Brazil.

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.

PicS N.V. filed an amendment to its Form 6-K to restate its unaudited interim condensed consolidated financial statements as of March 31, 2026, and for the three-month periods ended March 31, 2026, and 2025. The amendment corrects the disclosure of consumer loan amounts overdue by presenting the breakdown by delinquency range rather than by maturity date.