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Brazilian Fintech Startup Nubank Secured $400M In Series G Round, Bringing Total Funding To $1.2 Billion
Summary: Brazilian fintech startup Nubank has received $400 million in Series G round, bringing its total funding to $1.2 billion, as reported by Tech Crunch. New investors include the Government of Singapore Investment Corporation (GIC), Invesco, existing investors Sequoia, Tencent, Dragoneer, and Ribbit also participate in this round. It is reported that the latest fund has made ...
Brazilian fintech startup Nubank has received $400 million in Series G round, bringing its total funding to $1.2 billion, as reported by Tech Crunch. New investors include the Government of Singapore Investment Corporation (GIC), Invesco, existing investors Sequoia, Tencent, Dragoneer, and Ribbit also participate in this round.
It is reported that the latest fund has made the company valued at $25 billion, and NuBank becomes the fourth most valuable financial institution in Latin America and the world's largest digital bank based on customers and application downloads.
Nubank's core products are credit cards and digital savings accounts. David Velez, co-founder and CEO, said that its customers have increased from 12 million in 2019 to the current 34 million. As of September last year, the company added 41,000 new customers every day.
By Mary Liu
Tags: Digital Bank,Dragoneer,Fintech,Fund,GIC,Invesco,Nubank,Ribbit,Sequoia,Tencent
Link: Brazilian Fintech Startup Nubank Secured $400M In Series G Round, Bringing Total Funding To $1.2 Billion [Copy]
