Nubank becomes largest Latin apport startup than Chinese mi $180

The brazilian startup Nubank, known by your credit card purple, announced yesterday that it has received a $ $180 million investment round of China Tencent, one of the largest technology companies in the world. According to the site, The Information, which anticipated the news, the investment makes the Nubank be quoted at $ $4 billion, making it the largest privately-held startup of Latin America. According to the companies, $ $90 million will be invested directly in the company, while other $ $90 million will be used by to buy Asian participation of other shareholders of brazilian startup. In all, the Chinese should have a share of about 5% in the Nubank, said sources close to the matter. Founded in 2013, by David Vélez, Colombian Nubank has registered significant growth in recent months: two weeks ago, have 5 million of your customers credit card application-controlled, 20% more than it did in February. In addition, the company also has 2.5 million users in your bank account, digital NuConta, released about a year ago. "The Nubank project is to be a complete digital Bank. An assessment of $ $4 billion market is consistent with the potential of the company, "says William Horn, Executive Director of the innovation consultancy Accenture. In the view of the expert, the current Nubank the numbers qualify as one of the largest banks in the world, even digital acting only in Brazil-in a recent interview, David Velez denied having plans to expand to Latin America in the short term. To the President of the Brazilian Association of Startups (ABStartups), Amure pine, the investment shows the strength of the Brazilian ecosystem of startups, even amid the crisis. "It's a sign that our internal consumer market has an appetite," he says, noting that the investment will help the Nubank to fight head-on with traditional banking institutions. "The company is shaping up to be the largest issuer of cards in the country soon."