PicPay, the Brazilian mobile payments platform, files for an IPO on Nasdaq

Brazilian mobile payments app PicPay filed an F-1 with the Securities and Exchange Commission (SEC) for an IPO valued at up to $100 million on Wednesday. The company plans to list on the Nasdaq under the ticker symbol PICS. PicPay operates largely as a financial services platform that includes a credit card; a digital wallet similar to that of Apple Pay; a Venmo-style P2P payments element; e-commerce, and social networking features. “We want to transform the way people and companies interact, make transactions, and communicate in an intelligent, connected, and…

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