Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors. The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public. Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.

Source: The Star June 08, 2021 22:54 UTC