Brazil's Nubank announces $330 million equity capitalization in Mexico

12/06 12:59

According to Reuters, Brazilian digital bank Nubank, Latin America's largest fintech, announced on Tuesday a $330 million equity capitalization in Mexico, as it pushes to expand operations there. The investment adds to the $1 billion the company has previously invested in Mexico, it said in a statement, adding that the move makes it one of the largest foreign investors. Nubank also said that Mexican banking regulator CNBV approved the expansion of its product portfolio, allowing the company to kick off the roll-out of its digital savings account and debit card.
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