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08

Nubank São Paulo

The leading fintech in Latin America, Nubank, is headquartered in São Paulo. The company launched its first product, a fee-free credit card, in 2014 and now has over 6mn users. To date, Nubank has raised in excess of US$420mn, including $180mn from Chinese internet giant Tencent in October 2018. The Tencent investment pushed Nubank’s valuation beyond $4bn, making it the third Latin American company in history to achieve unicorn status.

JUNE 2019