|For more information visit www.XDATA.co|
|XDATA – January 8th 2016|
|Nubank raised $52.34 million as part of a fully subscribed non-brokered equity offering. The subscription, which started on December 24th, lured six investors. The company closed three previous unregistered private placements which raised an estimated $46.3 million.
The company is registered in a foreign jurisdiction indicating the amount offered reported may only represent the portion of the placement earmarked by the company for US investors.
|Nubank develops on the Brazilian market a credit card service managed through a mobile application (app). The app provides users full control of their finances on their mobile phones. The company is backed by Sequoia Capital, Kaszek Ventures, QED Investors, and Founders Fund.|
|The company is headquartered in Sao Paulo, Sp Brazil. Nubank elected to keep its revenues undisclosed.
The executive team includes Cristina Zingaretti Junquiera, David Velez, Douglas Richard Scherrer and Manoj Pinnamaneni.
The company has raised an estimated total of $98.64 million via private unregistered security offerings.
Nubank is registered under the name Nu Pagamentos.
Industry: Other Technology
Amount offered: $52.34 million
Amount placed: $52.34 million
SEC filing: Source
First sale: 12-24-2015
Data as of: 01-08-2016