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6/8, 5:03 PM (Source: TeleTrader)
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Nubank closes Series G at $30B valuation

Brazilian digital bank Nu Pagamentos SA, better known as Nubank, announced on Tuesday that it closed an extension of its Series G at a $30 billion valuation.

Berkshire Hathaway Inc. led the funding round with a $500 million investment, while various other investors provided an additional $250 million in financing.

The capital will be used to expand the bank's product offering and to maintain the pace of accelerated growth, as well as to support international expansion and attract global talent, Nubank said.

Breaking the News / MD