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Brazil’s Nubank Continues to Haul in Big Cash, Customers

Brazil’s Nubank has pushed its total funding to $1.2 billion after hauling in a whopping $400 million in its latest round. So reports TechCrunch.

NubankThe company is now valued at $25 billion and boasts 34 million customers. That valuation puts Nubank among the most valuable financial institutions in the region.

It is also the most prolific digital bank on the planet when measuring customers and downloads. “The company is known for reaching the unbanked population in Brazil, especially those who simply weren’t in the financial position to get a credit card,” according to the article.

Read the full article from TechCrunch.

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