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Pagbank Raises r$1.07 Billion in the Market and Aims for Banking Expansion.
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The digital bank PagBank – owned by the UOL Group, belonging to the Frias family – raised R$ 1.07 billion in its 3rd public issuance of LFs (financial letters). This fundraising reinforces the institution's strategy of diversifying its funding sources and expanding its banking division. The bank seeks to move beyond the payments segment, expanding its offering of credit and financial services. In 2025, the group's loan portfolio totaled R$ 4.6 b…
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