RIO DE JANEIRO, BRAZIL - São Paulo-based Nubank's market value now reaches US$25 billion. To have an idea of the digital bank's growth, in June 2019 it was valued at US$10 billion.
As a result, Nubank has become the fourth largest financial institution in Latin America, in terms of market value, behind Itaú Unibanco (ITUB4), Bradesco (BBDC4) and Santander Brasil (SANB11).
This account was reported by Eduardo Rosman and Thomas Peredo of BTG Pactual (BPAC11) based on a new capital contribution of US$400 million, announced by the press on Thursday morning, January 28th.
The . . .