Media Coverage
Source: Daily Journal
Media Coverage
01.12.16
NuBank, a Brazillian financial technology company that has been described as the country’s “hottest start-up,” closed a $52 million Series C financing round on December 24, 2015. Together with a Series B financing in May, NuBank raised $82 million in venture funding during the year.
San Francisco partner Eric Save led the deal team, which also included Brian Wainwright and David Jakopin in Palo Alto. The Pillsbury team helped negotiate the transaction agreements and navigate complicated tax and regulatory issues.
Founders Fund, a San Francisco-based venture capital firm, led the round, which also included existing investors Sequoia Capital, Tiger Global Management LLC and Kaszek Ventures.
NuBank provides customers with a smartphone-controlled MasterCard credit card. Since its launch in 2014, more than 1.6 million people have applied for its credit card. NuBank has customers in all 26 Brazilian states and the Federal District of Brasilia.