PicPay Bank
With over 12 years of history, PicPay is one of Brazil’s leading digital banks. Founded in Vitória (ES), the company pioneered instant peer-to-peer transactions and QR Code payments—eight years before the launch of Pix. Today, PicPay offers a full range of financial products and services for individuals, including credit, investments, insurance, and cards, as well as solutions for businesses, such as payment terminals and credit lines for SMEs. A leader in AI-driven innovation and Open Finance, the company posted a net profit of R$ 172 million in the first nine months of 2024—a 14-fold increase compared to the same period in 2023. Revenue also surged to R$ 3.8 billion, up 50% year-over-year.