Reuters is reporting that Softbank is in talks to invest in Nubank, the leading digital bank in Latin America; according to the financial blog Vox Softbank may invest as much as $1 billion valuing the firm at $10 billion; Nubank already has 8.5 million customers in Brazil but it is looking to expand, announcing last month it will open in Mexico soon; Nubank has received $400 million in equity funding to date in seven financing rounds from some of the leading tech investors. Source.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.