Nubank Expands to Mexico, Eyes Further Latin American Expansion

The Brazilian fintech company is opening an office today in Mexico and it is the first step in what might be further expansion into Latin America; the company has been around for six years and has raised $400 million from investors which include Tencent Holdings, Sequoia Capital, and Tiger Global Management; it plans to use the name “Nu” in Mexico and will issue their first credit cards in the second half of 2019; Nubank currently has 8.5 million customers in Brazil and recently began offering loans. Source

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