LatAm List – Brazilian neobank Nubank completed a $400M Series F led by TCV. This investment amounts to a total raised of $820M across seven funding rounds since Nubank was founded in 2013. Tencent, DST Global, Sequoia, Dragoneer, Ribbit Capital, and Thrive Capital also participated in this round.
This funding reflects the increasing interest in Latin America for growth opportunities from private capital investors. The digital bank is now valued over $10B, making it the most highly valued neobank in the world.
Nubank provides its services to more than 12M clients, and this year started operating in Mexico, Argentina, and Colombia.
Read more on The Wall Street Journal or on Reuters.
Learn more about Nubank:
Nubank receives US$180M investment from Tencent, achieves US$4B valuation
