#Brazil
Nubank acquires Brazil’s Spin Pay
Acquisition makes Nubank a player in the Pix electronic system
Nubank acquires for an undisclosed amount Brazil’s Spin Pay, a Fintech specialized in facilitating the new Brazilian open bank payment system for the e-commerce market.
Spin Pay works with more than 220 retailers from various sectors, including department stores, electronics, and airlines, helping them accept PIX payments. The move adds another feature to Nubank’s portfolio, which began with a core credit card product and now includes personal lending, life insurance, products for micro entrepreneurs, instant payment services, and investment products.
Short to come, Nubank’s #ipo is expected to take the digital bank to a $55 billion to $100 Billion valuation when it lists in the US.
Pinheiro Neto Advogados acted as legal counsel on this transaction with senior attorney Alessandra Carolina Rossi Martins.
Internally, Nubank’s team had Pedro Frade and Beatriz Outeiro.
Mexico’s Clara Raised $60 Million in Equity Round Led by GGV Capital
Foley & Lardner and Gunderson Deter acted as legal counsel in the transaction
Zuckerberg Invests in Beep Saude Alongside Banco Bradesco
TozziniFreire partners João Busin and Juliana Maluf represented Mark Zuckerberg's CZI and the investors
Agrolend Raises Series-B of $27 Million from Global Fund Lightrock
Agrolend, the Brazilian fintech for rural producers, raises its Series-B backed from global investment fund Lightrock. Lightrock poured in Agrolend...
Fintech Nomad Buys Husky to Close Loop in Providing Global Financial Accounts to Brazilians
The purchase of Husky comes six months after Nomad raised $32 million, in a round led by Manhattan-based Stripes with...
Telecom Vivo Invests in Open Banking Klavi in a $15 Million Round Alongside Iporanga Ventures and Parallax Ventures
Bronstein Zilberberg acted as legal counsel to Klavi. Foley & Lardner LL.P represented Iporanga Ventures
-
#Brazil1 ano agoJe Suis Ukraine
-
#Brazil1 ano agoBrazil Credit Fintech TerraMagna Raised $40 Million Led by Softbank in Its First Entry into Farming
-
#Latinamerica1 ano agoLatin America Stands Out in November Venture Capital and Acquisition Activities
-
#Brazil1 ano ago
Agrolend Raises $14 Million All-Equity Series A Led by Valor Capital
-
#Brazil1 ano agoDigital Private Pension Broker Saks Lands BRL 26 Million Seed Investment from Itaú-Unibanco’s Private Equity Fund Kinea and Canary
-
#Brazil1 ano agoBrazil’s Grão Direto Lands Series-A2 from Agribusiness Powerhouses Cargill, Louis Dreyfus Company, Archer Daniels Midland Company and Amaggi Agro.
-
#Brazil1 ano agoMattos Filho Advised Underwriters in Nubank’s IPO
-
#Brazil1 ano agoBrazil’s Medway Lands Series-A Round of $15 Million Led by Softbank Latin American Fund
-
#Latinamerica1 ano agoHow Fundable is Your Startup
-
#Brazil1 ano agoGoldman Sachs Invests in Unico IdTech and Takes the Brazilian SaaS Startup Valuation above $2,5 Billion
-
#Brazil1 ano agoBBVA Invests in Neon, the Brazilian Digital Bank which is Disrupting the Traditional Banking System
-
#Brazil11 meses agoCarbonext Receives $40 Million from Shell for Carbon Credit Projects in Brazil’s Amazon
Pingback: Sequoia Capital and Brazil’s Neobank Nubank to Team Up • #Latinamerica