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Nubank raises $400M Series G at $25B valuation
source link: https://fintechranking.com/2021/01/28/nubank-raises-400m-series-g-at-25b-valuation/
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Nubank raises $400M Series G at $25B valuation
Nubank announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion. But even more remarkable, in addition to their new $25 billion valuation (up from $10 billion in 2019), is their customer base of 34 million users, which they’ve built up since the fintech’s launch in 2013, TechCrunch reports.
The new valuation places NuBank as the fourth most valuable financial institution in Latin America and the largest digital bank in the world by the number of customers and app downloads.
Read more: TechCrunch
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