C6 Bank

Overview

C6 Bank is a Brazilian digital bank backed by JPMorgan Chase (46% stake) [1, 2, br-cro]. Founded 2019, C6 grew to 25 million customers by 2024 (from 8M in June 2021 when JPMorgan made initial stake) + R$2.3B ($418M) FY2024 annual profit. H1 2025 profit R$1.049B ($191M, +8% YoY) with 43% return-on-equity — among highest in Brazilian banking. Credit portfolio R$72.4B ($13.2B; +50% YoY) projected to exceed R$80B ($14.6B) end-2025.

Strategic positioning: Wealthier-client focus distinguishes C6 from mass-market Nubank — Brazilian-economic-slowdown shield.

History

2019 — C6 Bank founded [2] by Marcelo Kalim + Carlos Fonseca + Leandro Torres (former BTG Pactual executives).

June 2021 — JPMorgan Chase acquires 40% stake in C6 Bank [3]: Major strategic backing.

2022-2024 — Rapid customer growth (8M → 25M) [1].

2023 — JPMorgan increases stake to 46% [4].

FY2024 — R$2.3B ($418M) annual profit + 25M customers [1].

H1 2025 — R$1.049B ($191M) profit (+8% YoY) + 43% ROE [1].

End 2025 (projected) — Credit portfolio R$80B+ ($14.6B) [1].

Ownership & operator

Operating entity: Banco C6 SA.

Major shareholder: JPMorgan Chase (46% stake; up from 40% initial 2021 acquisition).

Founders: Marcelo Kalim + Carlos Fonseca + Leandro Torres (former BTG Pactual executives).

Regulator: Banco Central do Brasil (BCB) — full Brazilian banking license.

Technical integration

Layer	Description
Channels	C6 Bank mobile app (iOS + Android) + C6 Bank web
Identifiers	CPF + email + phone + card
Brazilian rail	pix
Card networks	Mastercard + Visa (C6-issued cards)
Sub-products	C6 Conta (account) + C6 Carbon (premium black card) + C6 Investimentos + C6 Crédito + C6 Câmbio (FX) + Global Account

Users & growth

FY2024 / H1 2025 [1]:

• Customers (2024): 25 million (from 8M in June 2021)
• FY2024 annual profit: R$2.3B ($418M)
• H1 2025 profit: R$1.049B ($191M; +8% YoY)
• Return on equity (H1 2025): 43%
• Credit portfolio (H1 2025): R$72.4B ($13.2B; +50% YoY)
• End-2025 projected credit portfolio: R$80B+ ($14.6B)

Use cases

Brazilian retail banking (savings + deposits + credit); Pix transfers; C6 Carbon premium black card (wealthy-client-focused); investments (C6 Investimentos); FX trading (C6 Câmbio); Global Account (US dollar); insurance.

Implementations & partners

Operator: Banco C6 SA.

Major shareholder: JPMorgan Chase (46%).

Major Brazilian competitors: [[nubank]] (NYSE: NU; 110M BR customers; mass-market focus), [[banco-inter]] (40M; multi-product), [[picpay]] (65.6M), PagBank.

Regulator: BCB.

Fun facts

• 2019 founded by former BTG Pactual executives Marcelo Kalim + Carlos Fonseca + Leandro Torres.
• June 2021 JPMorgan Chase 40% stake → increased to 46% by 2023.
• 8M (Jun 2021) → 25M (2024) customers — 3x growth in 3 years.
• R$2.3B ($418M) FY2024 annual profit + 43% ROE H1 2025 — among highest profitability in Brazilian banking.
• Wealthier-client focus distinguishes C6 from mass-market competitors (Nubank).
• JPMorgan-backed strategic relationship — substantial international backing.
• Credit portfolio +50% YoY (H1 2025) — substantial credit growth.
• C6 Carbon black card — defining premium-tier product.

Comparison

Feature	C6 Bank	[[nubank]]	[[banco-inter]]	[[picpay]]	PagBank (PagSeguro)
Operator	Banco C6 SA (JPMorgan 46%)	Nu Holdings Ltd (NYSE: NU)	Inter&Co (NASDAQ INTR + B3 INTR)	J&F Investimentos	PagSeguro Digital (NYSE: PAGS)
Type	Digital bank + wealthier-client focus	Mass-market LATAM neobank	Multi-product digital bank	P2P super-app	Digital bank + SMB
Customers (2025)	25M	131M (110M BR)	40M	65.6M	Substantial
Profit FY24 / H1 2025	R$2.3B FY24 / R$1.049B H1 2025 (+8% YoY)	$2.9B 2025	R$287M Q1 2025 (+57% YoY)	Private	NYSE-listed
ROE H1 2025	43%	Major	Healthy	n/a	Healthy
Distinctive	JPMorgan 46% + wealthier-client focus + C6 Carbon black card + 43% ROE	Roxo no-fee credit card heritage + LATAM expansion	Multi-product + Global Account	J&F family + P2P pioneer	SMB merchant focus

Status

Active, JPMorgan-backed Brazilian digital bank with high profitability [1, 3]:

• Banco C6 SA since 2019.
• JPMorgan Chase 46% stake (initial 40% June 2021 → 46% 2023).
• 25 million customers (FY2024) + R$2.3B ($418M) annual profit.
• H1 2025 R$1.049B ($191M) profit (+8% YoY) + 43% ROE.
• Credit portfolio R$80B+ end-2025 projected + wealthier-client focus.

Sources

• 1 C6 Bank profit records — Rio Times
• 2 C6 Bank — official
• 3 JPMorgan 40% C6 Bank — JPMorgan Chase
• 4 JPMorgan 46% C6 Bank — Investing.com
• br-cro In-corpus: reports/countries/BR-brazil.md
• pix-cro In-corpus: reports/standards/pix.md

Source

Biography extracted from c6-bank.md. See matrix.md for standards-support matrix if present.