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Tencent buys US $180M in NuBank share

11 Oct, 2018

Tencent buys USD $180M in NuBank share

Nubank, a fintech shop out of Brazil, just raised $180 million from Tencent at a valuation of $4 billion. It’s the most recent in a string of mega-deals backed by the Chinese Internet giant in the past couple months, including four in October alone.

With the $4 billion valuation, it also makes Nubank one of the most highly valued privately held startups in Latin America. News of the investment was first reported by The Information, which included the $4 billion figure.

Tencent buys USD $180M in NuBank share < News

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