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New Deal


Announced

Completed

GIC, Whale Rock and Invesco led a $400m Series G round in Nubank.

Financials

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Transaction Value£291m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Completed

Cross Border

Single Bidder

Minority

Acquisition

Private

banking

financial technology

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FinTech

Brazil

Venture Capital

Synopsis

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Private equity firms GIC, Whale Rock, and Invesco led a $400m Series G funding round in Nubank, a digital banking services provider. Current Nubank investors Sequoia, Tencent, Dragoneer and Ribbit also participated in the round. “It’s an honor for us to welcome such a renowned group of private and public equity investors, who have experience backing some of the most innovative and disruptive companies of our time. We are privileged to have their support and learn from their experience to continue growing our business," David Velez, Nubank CEO and Founder.

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