Fintech Nubank nets $650 million credit line for Mexico, Colombia expansion
Brazil’s Nubank , Latin America’s most valuable fintech, is fueling its expansion in Mexico and Colombia with the investment of a $650 million line of credit, according to Reuters.
The new funds are a three-year credit line in Mexican and Colombian pesos, financed by Morgan Stanley, Citigroup Inc, Goldman Sachs, and HSBC, institutions that were underwriters of Nubank’s initial public offering (IPO) in December 2021.
