• Nubank is now worth $4 billion after Tencent's $180 million investment

    8 monthes ago - By Tech Crunch

    Nubank , the Brazilian financial services company, has raised $180 million from the Chinese internet giant, Tencent.
    Tencent has long been interested in financial services startups, and with its $90 million direct investment and another $90 million investment in the secondary market the company now has access to what is arguably the largest digital banking company in the world.
    With the $4 billion valuation, it also makes Nubank one of the most highly valued privately held startups in Latin America.
    News of the investment was first reported by The Information , which included the $4...
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