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Brazilian Fintech, Nubank, Receives Massive Investment from Berkshire Hathaway

Brazilian digital banking fintech, Nubank, announced it received a $500 million investment from Warren Buffet’s investment company, Berkshire Hathaway. This investment is an expansion of Nubank’s $400 million Series G that was originally announced in January 2021. Nubank came to be when Columbian businessman, David Vélez, made the decision that he would take action to …

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Brazil’s alt.bank Raises US $5.5 Million, Targets the Unbanked

Another day, another Brazilian Financial Technology company that is on a mission to redesign the landscape for banking in the country. On May 4th Brazilian digital bank or neobank alt.bank announced a US $5.5 million Series A funding round led by Union Square Ventures (USV). Earlier this year, Brazil’s Nubank raised US $400 million in …

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Goldman Sachs Extends Credit Line to Brazilian Fintech

New York-Based Goldman Sachs Group extends credit line for a massive 1.5 billion Brazilian reais or US $270 million to Open Co, a Brazilian Fintech that specializes in making unsecured loans to individuals throughout the country. The major Wall Street bank is providing a billion of the reais while the rest will be raised from …

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New Details Emerge Regarding Walmart’s Future Fintech

The global fintech market is one of the fastest growing and potentially profitable emerging markets over the past few years. Since the spark of the pandemic, the demand for contactless payments and banking activities straight from users’ smartphones and computers rose exponentially, opening the space to innovators to enter this competitive space. The opportunity is …

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Cora Raises €22.6 Million with Ribbit Capital

Latin America is now one of the world’s most sought after and enticing places for fintech innovation. This has been attracting companies like Techstars, whose primary objective is to aid gifted and hard working entrepreneurs obtaining the resources and connections they need to take their ideas to the next level. Cora, which is a São …

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Latin American Fintechs Gain Global Recognition

Over the past decade, and especially during the COVID-19 pandemic, the fintech industry has taken off in ways unforeseen. The need for contactless payment methods and secure ways to invest in digital currencies has led to incredible innovations from nearly all corners of the world. Some regions have even had most prosperity in fintech and …

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