Category: Nubank

Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet

Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading […]

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Brazilian fintech Nubank is now publicly listed in the US and Brazil

Brazilian fintech Nubank is now publicly listed in the US and Brazil

Brazilian fintech unicorn Nubank listed on the New York Stock Exchange (NYSE) and Brazil’s B3 this week, starting its journey as a public company. Nubank listed on the NYSE (NU) and Brazil’s B3 exchange (NUBR33) on Dec. 9, after announcing tentative dates last month. According to Reuters, Nubank is now the most valuable listed bank […]

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Fintech unicorn Nubank expects twin public listings next month, invites app users to become partners

Fintech unicorn Nubank expects twin public listings next month, invites app users to become partners

Nubank has revealed expected dates for when it will go public in the U.S. and Brazil as part of its upcoming initial public offering (IPO). In a Portuguese-language blog post, Nubank said it estimates Dec. 9 and 10 as the dates when its parent Nu Holdings will list on the New York Stock Exchange (NYSE) […]

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Brazil’s Nubank submits filing for proposed IPO

Brazil’s Nubank submits filing for proposed IPO

The parent company of Brazil fintech unicorn Nubank announced on Wednesday that it has submitted filings to regulators in the U.S. and Brazil regarding a proposed initial public offering (IPO).  Nu Holdings Ltd. said in a press release that it “confidentially submitted a draft registration statement” with the U.S. Securities and Exchange Commission (SEC), via […]

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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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