In June of this year, Nubank registered with the Securities and Exchange Commission - a US correspondent for our CVM - a raise of US $ 300 million reais. This was the 08 round received by the company. Taken together, all of these rounds represent more than $ 1 billion in capital received.
Although funding was not widely disclosed by Nubank, we believe that a large part of the funds should be invested in new acquisitions and to make operations more profitable, already imagining the possibility of an IPO in the future.
Nubank recently reported a loss of R $ 95 million in the first half of 2020. The result was 32% better than that recorded in the first half of 2019.
The company has been negotiating the purchase of broker EasyInvest, as a way to expand the offer of products within the bank.
Fintech announced yesterday that it has completed a fundraising of 1.6 billion reais (about US $ 300 million) in a Series C round led by General Atlantic and which also included the participation of investors such as: BlackRock, PayPal Ventures, Vulcan Capital and Endeavor Catalyst. In addition to investors from previous rounds like Monashees and Flourish Ventures.
Altogether Neon has already received 05 contributions and more than US $ 425 million in investment.
Neon is going to attack on different fronts: acquisitions, product launches, increased credit supply and hiring talent.
In July this year, Neon announced the purchase of Magliano Invest, the first broker in the Brazilian market.
In June of this year, Nubank registered with the Securities and Exchange Commission - a US correspondent for our CVM - a raise of US $ 300 million reais. This was the 08 round received by the company. Taken together, all of these rounds represent more than $ 1 billion in capital received.
Although funding was not widely disclosed by Nubank, we believe that a large part of the funds should be invested in new acquisitions and to make operations more profitable, already imagining the possibility of an IPO in the future.
Nubank recently reported a loss of R $ 95 million in the first half of 2020. The result was 32% better than that recorded in the first half of 2019.
The company has been negotiating the purchase of broker EasyInvest, as a way to expand the offer of products within the bank.
Fintech announced yesterday that it has completed a fundraising of 1.6 billion reais (about US $ 300 million) in a Series C round led by General Atlantic and which also included the participation of investors such as: BlackRock, PayPal Ventures, Vulcan Capital and Endeavor Catalyst. In addition to investors from previous rounds like Monashees and Flourish Ventures.
Altogether Neon has already received 05 contributions and more than US $ 425 million in investment.
Neon is going to attack on different fronts: acquisitions, product launches, increased credit supply and hiring talent.
In July this year, Neon announced the purchase of Magliano Invest, the first broker in the Brazilian market.
