BTG Pactual to Acquire Up to 48% of Fintech Meutudo in Retail Lending Push

Overview

• BTG Pactual said it signed an agreement to purchase up to 48% of meutudo, with valuation and price details undisclosed.
• Completion is contingent on approvals from Brazilian regulators.
• Meutudo reports more than R$20 billion in originations to about 19 million clients, including over R$10 billion in private payroll‑deducted credit.
• BTG has funded over 80% of meutudo’s loan originations during their multi‑year partnership.
• The bank presents the deal as a step to scale digital lending to consumers after reporting record fourth‑quarter results.