Nubank is Warren Buffett's (pic) second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.
Billionaire Warren Buffett's Berkshire Hathaway Inc invested US$500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.
Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.
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