Business • Markets
2021-01-31T12:00:02+00:00

Brazilian fintech Nubank raises $400M Series G

Brazilian fintech Nubank raises $400M Series G
NuBank logo Credit: NuBank

NuBank, a fintech based in São Paulo, Brazil, is valued at $25 billion as the fourth most valuable financial institution in Latin America and the largest digital bank in the world by the number of customers and app downloads.

The round was led by private and public investors including Singapore’s GIC, Whale Rock, and Invesco. Current investors Tencent, Dragoneer, Ribbit Capital, and Sequoia also participated in the round.

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