PicPay wins Brazil central bank approval for Kovr acquisition

PICS•2026-07-23

Brazil central bank clears Kovr deal

PicPay (PICS NV) secured final Central Bank of Brazil clearance to buy digital insurance technology firm Kovr and its subsidiaries.

Antitrust and insurance regulator sign-offs were previously obtained, clearing the way to complete remaining steps to close.

PicPay outlines insurance platform strategy

PicPay aims to shift from insurance distribution to a vertically integrated platform, citing more than 10 million active policies and 68 million customers.

Closing still depends on customary conditions, with full consolidation and integration planned following completion.

Sources

PicPay wins Brazil central bank approval for Kovr acquisition

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PicPay wins Brazil central bank approval for Kovr acquisition

Brazil central bank clears Kovr deal

PicPay outlines insurance platform strategy

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PicPay wins Brazil central bank approval for Kovr acquisition

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