Investors buy $13.79 million worth of Nubank’s equity

XDATA – August 27th 2014

nubank Nubank disclosed placing 96% of its $14.3 million non-brokered equity. Based on the filing, four investors started to subscribe to the $13.79 million first close on August 13th. Until this disclosure Nubank had raised an estimated $2 million in unregistered securities via one previous financing round.
The amount offered reported to the SEC represents the portion of the placement earmarked by the company for US investors.

Nubank develops and markets a credit card controlled by a mobile application, that also provides users full control of their finances on their mobile phones. The company is backed by Sequoia Capital and Kaszek Ventures.

The company was registered in 2013 and has its headquarters located in Sao Paulo, Brazil. Nubank elected to keep its revenues undisclosed.
The executive team includes David Velez Osorno.

The company has raised an estimated total of $15.79 million via private unregistered security offerings.

Nubank is registered under the name Nu Pagamentos.

Offering recap
Status: First close
Company: Nubank
Industry: Other Technology
Amount offered: $14.3 million
Amount placed: $13.79 million
First sale: 08-13-2014
Data as of: 08-13-2014

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One comment

  1. Pingback: Nubank, David and Goliath | Random Research

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