Startup News

Nubank to be the first fintech to conduct a public offering in LatAm

LatAm List – Latin America’s leading fintech company, Nubank, raised over $97.5M (R$375M) in a pioneering operation in Brazil. 

The company conducted a public offering regulated by Letra Financeira Subordinada (LFSN) for just over $19.5M (R$75M). In the same offer, Nubank also raised $77.9M (R$300M) through the issuance of the Letra Financeira Sênior (LFS). 

“This is a result of investors’ confidence in our strategy as well as the intense work of our teams, both business and legal,” stated Gabriel Silva, Nubank’s CFO.

Read more on StartUpi.

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