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

For more information visit www.XDATA.co

Advertisements

One comment

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s