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July 1, 2022
Finance Technologies

Brazilian challenger Nubank lands $300m

Nubank, the Brazillian challenger which sailed past the 25 million customer mark in June, has landed $300 million in fresh funding. The equity funding is made up of five new investors – but none are named. This is according to a filing with the US Securities and Exchange Commission (SEC), first spotted by a Brazilian blog. Existing investors include TCV, Tencent, DST Global, Sequoia Capital, and Ribbit Capital. Nubank’s pace of growth in the first quarter of 2020 saw it acquire 42,000 users each day on average Nubank is the second biggest credit card issuer in Brazil, following Itau Unibanco…
Brazilian challenger Nubank lands 0m

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