The New Paper

June 9, 2021

Nubank raises new capital

Brazilian digital banking company Nubank raised $750M at a $30B valuation, including a $500M investment from Berkshire Hathaway. The investment comes amid intense competition in the online financial services industry (including SoFi’s recently-announced SPAC merger).
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This story is from the June 9, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.