Fintechs Stung by High Brazil Rates as Big Banks Contain Fallout

(Bloomberg) — Brazil’s massive interest-rate hikes are hampering the business model for financial technology firms including Warren Buffett-backed StoneCo Ltd. and PagSeguro Digital Ltd., who had been offering cheaper loans and services than big banks and growing at a furious clip.

Read the full article at: www.bloombergquint.com

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