This is PicPay's strategy after the IPO, according to the CEO.
In an interview with Bloomberg Line, Eduardo Chedid discusses the bank's priority initiatives for growth in the Brazilian market after raising US$434 million.
Chief Executive Officer and Executive Director, PicS N.V.
Search every verified Eduardo Chedid interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a February 2026 interview with Bloomberg Line, Eduardo Chedid discussed PicPay's strategy following its initial public offering, which raised US$434 million. He attributed the timing of the IPO to a combination of a receptive market window and the company's increased maturity, citing its break-even achievement in 2021-2022, acquisition of a multiple bank license in 2022, and expansion into a full digital bank with credit and investment products by 2023. Chedid stated that the majority of the IPO capital would be directed toward growing operations, including recent initiatives such as bus ticket purchases, and that the company aims to serve all income segments, including a product called Epic focused on higher-income customers. Regarding credit expansion, Chedid described the company's policy of maintaining a balanced portfolio between collateralized and non-collateralized products, using a metric called the loss absorption rate with a target range of 40% to 60%. He explained that aiming near 50% would allow the company to absorb double its expected losses while remaining at break-even, serving as a cushion against volatility. For the person-to-person (PJ) segment, Chedid said the strategy focuses on small and medium-sized businesses, emphasizing banking services rather than acquirer activities as the primary function, and aims to address broken customer journeys through digital experiences.
In an interview with Bloomberg Line, Eduardo Chedid discusses the bank's priority initiatives for growth in the Brazilian market after raising US$434 million.
I travel to Sao Paulo for an interview with Eduardo Chedid, CEO of PicPay, a Brazilian fintech giant that has quietly become one of the most important financial companies in Latin America. With 60 million customers and handling 11% of all Pix payments transactions in Brazil, PicPay has achieved profitability while maintaining hyper-growth—posting 61% revenue growth and 7× higher profits in 2024. Spotify: https://spoti.fi/3GVZSj6 Apple: https://apple.co/4j25VjO Miguel Armaza is Co-Founder & General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas…
I travel to Sao Paulo for an interview with Eduardo Chedid, CEO of PicPay, a Brazilian fintech giant that has quietly become one of the most important financial companies in Latin America. With 60 million customers and handling 11% of all Pix payments transactions in Brazil, PicPay has achieved profitability while maintaining hyper-growth—posting 61% revenue growth and 7× higher profits in 2024. Spotify: https://spoti.fi/3GVZSj6 Apple: https://apple.co/4j25VjO Miguel Armaza is Co-Founder & General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas…
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Watch É Negócio this Sunday, July 21, 2024, with Eduardo Chedid, CEO of PicPay #CNNBrasil Subscribe to CNN Brasil's YouTube channel. ALSO FOLLOW CNN BRASIL ON OTHER PLATFORMS: Podcasts: https://www.cnnbrasil.com.br/podcasts/ Newsletters: https://newsletter.cnnbrasil.com.br Facebook: / cnnbrasil Twitter: / cnnbrasil Instagram: / cnnbrasil
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