Brazilian digital bank PicPay has renewed its push to list in the United States after reporting a sharp rise in revenue and profit in newly filed IPO paperwork. The Sao Paulo based fintech disclosed that revenue and financial income for the first nine months of 2025 reached 7.26 billion reais, nearly double the level recorded in the same period a year earlier. Net profit for the period rose to 313.8 million reais, compared with 172 million reais previously, reflecting stronger transaction volumes and broader use of its digital financial services. The filing marks PicPay’s second attempt to access U.S. public markets after shelving plans in 2021 amid weak global conditions. The renewed effort comes as investor appetite for growth oriented fintech names shows signs of recovery, following a prolonged slowdown in equity issuance across global markets.
PicPay is controlled by holding company J&F and operates a mobile first platform focused on payments, savings, credit, and money management for individuals and small businesses. The company has benefited from widespread adoption of digital payment tools in Brazil, including real time transfers and QR based transactions, which have supported user growth and higher engagement. Management indicated that proceeds from the offering would be directed toward general corporate purposes such as working capital, operating expenses, regulatory capital needs, and long term investment in its platform. The company plans to list on the Nasdaq under the ticker symbol PICS, positioning itself alongside a growing group of fintech firms seeking international capital as domestic markets mature.
The filing also reflects a broader reopening of the U.S. IPO pipeline after several years of subdued activity. Market participants expect issuance to improve in 2026 as volatility eases and investors regain confidence in growth driven sectors. Fintech and digital finance companies are increasingly viewed as beneficiaries of structural shifts in payments and consumer banking, particularly in emerging markets with high mobile adoption. PicPay’s decision to revive its listing underscores this trend, as companies with scalable digital models look to capitalize on improving market conditions. While global uncertainties remain, the disclosure signals cautious optimism that capital markets may again support expansion focused fintech stories with demonstrated revenue momentum.
