Berkshire Hathaway Invests $500M in Brazilian Digital Bank Nubank
- Date: 09-Jun-2021
- Source: Yahoo News
- Sector:Technology
- Country:Middle East
Berkshire Hathaway Invests $500M in Brazilian Digital Bank Nubank
Berkshire Hathaway, led by renowned investor and bitcoin critic Warren Buffett, has made a $500 million investment in Brazilian digital bank Nubank.
In an announcement Tuesday, Nubank said the Berkshire Hathaway investment is an extension of the G Series funding carried out in January. Series G is the eighth fundraising event for a startup.
Nubank said in terms of its number of customers it has recently reached 40 million and, in the first five months of the year, it has grown at a pace of more than 45,000 new customers per day.