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Nubank bags IFC loan

Nubank bags IFC loan

January 18, 2023
Brazilian digital lender borrows $150 mln to expand its operations in Colombia

Loans Debt International Financial Institutions World Bank Colombia Brazil

Brazilian digital lender Nubank lined up a $150 million loan from the International Finance Corporation (IFC) to fund the expansion of its operations in Colombia. IFC, which is the World Bank's private sector lending division, said the three-year, local-currency loan represents its first investment in a Latin American digital bank. The loan will expand access to payment systems for the population while fostering competition in the financial sector, IFC said in a statement. "Greater financial inc

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