(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
The post Fintechs Stung by High Brazil Rates as Big Banks Contain Fallout appeared first on LendIt Fintech News.