Brazil’s Nubank announces seed fund for black startup entrepreneurs

Nubank's focus will be on black-led companies that have already validated their minimum viable product and impact the market through the use of technology.

RIO DE JANEIRO, BRAZIL - Brazil's largest fintech Nubank announced on March 24th the launch of the investment fund Black Seed, which will allocate a total of R$1 million (US$182,000) to Brazilian startups founded by black entrepreneurs.

The focus is on companies that have already validated their minimum viable product and that impact the market in which they operate through the use of technology.

David Vélez, founder and CEO of the digital bank, and Monique Evelle, the company's innovation consultant, were to give more details about the project in a remote event on Wednesday starting . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?