Fintech Funding: 1.3B raised by 2 Brazilian neobanks

Sao Paulo, Brazil-based challenger bank Nubank announced Wednesday that it has received a post-initial public offering (IPO) infusion of $1 billion from Berkshire Hathaway, which is owned by Warren Buffett. The equity funding was disclosed in a 13F filing with the U.S. Securities and Exchange Commission. It brings the total funding for Nubank to $3.3 […]