LatamList – Nubank, the Brazilian neobank, announced a $750M extension to its $400M Series G round in January. The round now totals at $1.15B and values Nubank at $30B.
The funding extension was led by Berkshire Hathaway which contributed $500M. A number of other investors also contributed.
Nubank started out offering free-of-charge credit cards and accounts to underbanked Brazilians. Today, it is the biggest digital bank in the world by number of customers, serving 40 million people.
The fintech offers a variety of financial services to around 30% of Brazil’s population, from digital bank accounts to loans and insurance. Nubank also operates in Colombia and Mexico, although only with its credit card services.
Nubank will use the recent funding to continue making new hires to its team and to further grow the business.
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