🔔 The dashboard: Brazil’s benchmark stock index Ibovespa gained 2.46 percent this week. Meanwhile, the Brazilian Real lost 1.59 percent against the U.S. Dollar this week.
- Biggest gains: Locaweb (tech), +17.83 percent.
- Biggest drops: Cogna (education), -8.26 percent.
Fintechs continue bleeding value despite digital finance boom
The number of new digital bank accounts in 2021 topped those opened in bricks-and-mortar banks for the first time ever, according to a survey by Febraban, a federation of banks. Roughly 9.9 million accounts were created through traditional channels, versus 10.8 million digital accounts – a 66-percent increase from 2020.
- The survey also...