Berkshire leads $750 million Nubank funding round, values it at $30 billion


FILE PHOTO: The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank's headquarters in Sao Paulo, Brazil June 19, 2018. Picture taken June 19, 2018. REUTERS/Paulo Whitaker

(Reuters) -Warren Buffett's Berkshire Hathaway invested $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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

SEC agrees to dismiss case over crypto lending by Winklevoss' Gemini
Apple issues urgent warning, millions of iPhone users at risk; update ASAP
Microsoft CEO warns AI needs to spread beyond Big Tech to avoid bubble
The ChatGPT app is getting ads, but Google's Gemini app isn't for now
Google says it fixed a Bluetooth flaw. Researchers claim hackers can still track you
Fidelity settles lawsuit over access to 'business-critical' Broadcom software
Meta halts teens' access to AI characters globally
Tesla to charge subscription fee for some highway driver-assist features in US, Canada
'Jobs, jobs, jobs' the AI mantra in Davos as fears take back seat
UK investigates Meta's compliance with WhatsApp data requests

Others Also Read