Berkshire Hathaway led the second tranche of the Tencent-backed virtual bank's series G round at a $30bn post-money valuation, bringing it to $1.15bn.
Brazil-based digital bank operator Nubank has secured $750m in an extension led by conglomerate Berkshire Hathaway to increase its series G round to $1.15bn.
Absoluto Partners, Advent’s Sunley House Capital, Canada Pension Plan Investment Board, MSA Capital, Sands Capital and Verde Asset Management also took part in the extension, according to Reuters, and it valued the company at $30bn.
The round’s $400m first close took place in January this year and featured internet group Tencent. It was co-led by…
