Brazilian FinTech Approved to Operate as a Bitcoin Treasury Company
Weekly news up to Wednesday, 21st of May 2025.
👀 NEWS HIGHLIGHT
Méliuz’s executive chairman says his FinTech firm has become Brazil’s first publicly-traded Bitcoin treasury company following shareholder approval, with the firm also announcing it bought $28.4 million worth of Bitcoin to add to its existing stack.
“Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury Company listed in Brazil,” Israel Salmen posted to X on May 15.
For an average purchase price of $103,604, achieving a BTC yield of 600%.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Nubank innovates by allowing card limit to become account balance.
⭐️ PagBank increases quarterly profit and announces first dividend distribution.
⭐️ Banco Neon enters ‘third phase’ and wants to double in size in 2 years.
⭐️ Revolut expects to start operations as a bank in Mexico in the second half of 2025.
🏃♂️ Want to host a local FinTech Run?
We’re growing our global community and looking for new hosts in cities like Singapore, Bangkok, and beyond 🌍
Join us and bring the FinTech Running Club to your local scene — sign up today! ✨
BRAZIL
Brazil’s new crypto regulation framework targets foreign stablecoin transfers. Brazil is making massive strides in the cryptocurrency space, from becoming the first country in the world to launch a spot XRP ETF to planning its stablecoin and embracing a Bitcoin reserve strategy.
Nu Holdings Ltd. reports first quarter 2025 financial results. Nubank reached 118.6 million customers, adding over 4 million in a single quarter. This growth is driven by deepening customer engagement: 98.7 million monthly active users and an activity rate exceeding 83%.
Neon adopts contactless Pix on Android phones. According to the company, users only need to connect their bank account to Google Pay once. The process is practically identical to paying with cards in your digital wallet: access the feature, use the system's authentication, and place your cell phone near the machine.
MEXICO
Koin invests $5 million to strengthen anti-fraud strategy in e-commerce. The investment will be allocated to technological development, operational expansion, and the evolution of its anti-fraud platform, to consolidate a key position in the prevention of digital fraud in the region.
Klar will now enter the SME segment. Klar's founder comments that from the beginning of operations, they always believed that regulation was key and part of the secret recipe for continued growth, and that's why, now as a significant company as a Sofipo, they decided to seek a banking license.
Mexico experiences accelerated adoption of digital payments. The use of digital wallets has quadrupled in the past decade, increasing from 6% of e-commerce transaction value in 2014 to 28% in 2024. This trend is expected to continue, with digital wallets projected to account for 37% of online transactions by 2030.