Nubank to invest in Mexican business

Nubank to invest in Mexican business

Equity Funds Latin America Brazil Mexico Capital Markets Technology

Brazilian digital lender Nubank said Tuesday that it plans to spend $330 million to expand operations in Mexico as it adds savings accounts and debit cards to its product lines. The funds "will be invested to finance the expansion of the company's portfolio, increase penetration across market segments and strengthen its operations and long-term commitment in Mexico," Nubank said in a press release. Nu Holding will use equity to fund the investment, a company spokesperson said. "Regarding additio

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