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Non-Tech : The Brazil Board

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To: THE ANT who wrote (1878)	6/7/2019 11:14:58 AM
From: elmatador	of 2508

Nubank SoftBank and others are trying to place a bet on the most valuable startup in Latin America. the deal does go through, Nubank will become the second-highest-valued fintech startup in the world, trailing only the payments provider Stripe, which was most recently valued at north of $20 billion. That sort of valuation speaks to just how much Brazil’s startup ecosystem has grown, and how rapacious tech investors with loads of money to spend must now head to emerging markets to find undervalued startups where they can park their cash vox.com The digital bank N26, created in 2013, will soon be in Brazil. The institution has the first digital bank in Europe and is currently expanding to the United States , in addition to operating in 24 countries of the Old Continent. In entering Brazil, N26 will be taking on challenger bank Nubank, which has 5 million customers, the report noted. pymnts.com

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