January 29, 2021
Brazilian financial technology firm Nubank said Thursday that it earned $400 million in its seventh fundraising round, bringing the total raised to $1.2 billion and making it one of five largest financial institutions in Latin America in terms of market capitalization.
Nubank will use the money from the Series G round to develop more products for the local market and finance its expansion plans in Colombia and Mexico, the São Paulo-based fintech said in a press release.
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Brazilian fintech raises $400 mln to expand its operations in Colombia and Mexico