Nubank, a Brazilian fintech company, is fueling its expansion in Mexico and Colombia with a $650 million line of credit. Morgan Stanley, Citi, Goldman Sachs, and HSBC Bank are participating in the funding of the new three-year credit line. The funding will be used for technology and product growth as well as expanding their consumer base. Nubank is one of two Brazilian fintech backed by Warren Buffett’s Berkshire Hathaway, the other being StoneCo.
Fintech Nubank nets $650 mln credit line for Mexico, Colombia expansion | Reuters