Brazil: 8.92M consumers hold simultaneous bank and fintech debt, up from 1.96M in 2019

Serasa Experian data shows 8.92 million Brazilians had debts with both banks and fintechs as of July 2026, a sharp rise from 1.96 million in December 2019. This indicates rapid growth in fintech credit penetration and potential rising consumer financial stress. The trend suggests increased credit risk in the Brazilian consumer lending sector.