Announced
Financials
Sources
Tags
Friendly
fintech solutions
Pending
financial services
Acquisition
Private
Brazil
financial services provider
FinTech
Majority
Single Bidder
Synopsis
Spain’s Banco Santander, a commercial bank and financial services company, is set to acquire Superdigital, a fintech company, from Banco Santander Brasil for $60m. The Brazilian unit said that after the sale, the Spanish group plans to launch Superdigital virtual wallets in more countries. Superdigital, which was acquired by Santander Brasil in 2017, has 1.9m accounts.
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