Category: Nubank

Brazil’s Nubank to acquire instant payment platform Spin Pay

Brazil’s Nubank to acquire instant payment platform Spin Pay

Brazil’s Nubank will acquire Spin Pay, a fintech company that supports retailers accepting payments through the country’s Pix instant payment system.  The acquisition aims to help Nubank boost its e-commerce payment solutions, the company explained in an August 30 press release. Spin Pay, which will remain a separate company after the deal, works with more […]

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Crypto-Friendly Bank Backed by Warren Buffett’s Berkshire Hathaway Plans $2 Billion IPO on Nasdaq

Crypto-Friendly Bank Backed by Warren Buffett’s Berkshire Hathaway Plans $2 Billion IPO on Nasdaq

Nubank, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway, is reportedly planning an initial public offering (IPO) on Nasdaq. Nubank is crypto-friendly and offers investments in a bitcoin exchange-traded fund (ETF). The bank said, “The cryptocurrency ETF can be a way to further democratize access to the crypto market.” Digital Bank Backed by […]

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Brazilian neobank raises $400 million as customer numbers triple

Brazilian neobank raises $400 million as customer numbers triple

Latin American neobank startup Nubank has raised another $400m, bringing its total fundraising to date to $1.2bn. Reports suggest the latest capital injection valued the company at $25bn, making it one of the world’s most valuable fintechs.  New investors in the company include GIC, Singapore’s sovereign wealth fund, and the fund management group Invesco. Existing […]

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