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Dec

07

DST Global Leads $80 Million Private Investment in Nubank

By Tony Seruga

RIO DE JANEIRO — DST Global, the investment firm started by a Russian venture capitalist, Yuri Milner, has led an $80 million private investment in a Brazilian start-up called Nubank, the company is expected to announce this week. The new financing suggests that despite Brazil’s political and economic upheaval, the financial technology sector remains a bright spot.

Peter Thiel’s Founders Fund, QED Investors, Sequoia Capital and Tiger Global Management, all prior investors in Nubank, also joined the investment round, which closed in late November, David Velez, the company’s founder and chief executive, said in an interview…

DST Global Leads $80 Million Private Investment in Nubank

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