Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.
Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
Brazilian digital bank will trade on the BIVA through the SIC after a $2.6 bln IPO on the NYSE in December
Nubank announced in October the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm.
Nubank executives talk credit strategy in Latam. The fintech has a portfolio of $20 billion comprised of personal and credit card loans.
Nubank's shares ticked 4% higher on market opening following a surge in profits during the fourth quarter of 2022.
The trading and custody service is being provided by blockchain infrastructure company Paxos.
Many of these firms have aimed to go public in the vague "end of 2021/ early 2022/ when we have enough money" time frame while participating in increasingly rare-letter funding rounds.
Chime raised $1.1 billion in an August series G, at a cool $25 billion valuation. From January through June, Nubank raised a whopping $1.1 billion series G to match $30 billion V.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.