Brazilian exponential fintech valued at US $ 4bn

return Posted in 11 de October de 2018

Brazilian exponential fintech valued at US $ 4bn

*This article was originally written in portuguese and it was translated automatically

 

On 10/10/2018 fintech Nubank made another millionaire raise. This time, it was the Chinese giant, Tecent, which made a contribution of US $ 180 million through a Nubank valuation of US $ 4 billion. Fintech Brasil, then, becomes the largest closed-source startup in Latin America, according to the US website ‘The Information’.

Nubank was founded in 2013 with a proposal to bring total transparency and excellence in the user experience to its customers. The company started by distributing credit cards with a system of credit analysis, requisition and financial management 100% online and automatic. Since then, the company has grown exponentially, having as one of the pillars of such growth the fundraising capacity of the company. The company is already in its seventh round of funding, or F series.

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