Nubank, the Brazilian neobank, obtained a $265M loan from the IFC to expand its operations in Colombia, surpassing the initial commitment of $150M.
This loan also marks the IFC’s first investment in a regional digital bank.
“The IFC’s increased loan shows they trust Nu’s leadership in digital financial services in Colombia. We’ve issued over 300,000 cards in the last ten months, providing more people in the country with financial services,” said Marcela Torres, General Manager of Nu Colombia.
Nubank gained over 700,000 customers in Colombia in two years, reaching 80% of the country’s municipalities.
Read more on startupi