CSU Cardsystem has acquired a minority stake in Fitbank

Company Name

Condere acted as an exclusive strategic and financial advisor to CSU CardSystem (B3 ticker: CARD3) in its first acquisition via the purchase of an equity stake in Fitbank, a fintech providing broad solutions in means of payment infrastructure and Core Banking as a Service - BaaS - partnering with experienced individual shareholders and J.P. Morgan.

Fitbank provides services to a diverse range of 100+ corporate clients, surpassing R$ 1 billion in total monthly payment volume. For CSU, this investment also includes a commercial partnership for joint business opportunities' development, maximizing its offering of technological solutions in means of payment for current and potential customers of both companies, whether traditional banks, digital banks and other financial and non-financial institutions, in various sectors of the economy.

Global M&A Offices
Condere (Global M&A Brazil)
Global M&A Advisory Advisor to the buyer