BRAZIL

In Brazil, the five biggest banks controlled everything. They didn't compete with each other because they didn't have to. We gave 200 million people a reason to leave.

Brazil has five banks controlling 80% of the market. That's not competition. That's a cartel with better branding. We built C6 to break that.

We went from zero to 20 million customers in three years. In Brazil, that's not just growth — that's a referendum on how badly people wanted an alternative.

Brazil has the highest interest rates in the world for consumer lending. Banks charge 300% APR on personal loans. That's not banking — that's robbery with a license.

I'm Spanish. I moved to Brazil because I saw the biggest gap between what banks charge and what lending should cost. That gap is a $500 billion opportunity.

Brazilian banks make more profit per customer than almost any banks on earth. That margin is our opportunity. Every percentage point we shave off is billions of reais back to consumers.

215 million Brazilians who love ordering food. This market was made for us.

Brazil has the most talented young people in the world and the worst infrastructure to develop them. That is an opportunity if you look at it right.