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Berkshire Hathaway Just Invested in Another Fintech

·2 min read
Berkshire Hathaway Just Invested in Another Fintech
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Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has had a difficult time finding places to put its money to work in recent years, and this has led to the company branching out into more tech-focused investments. Banking has long been a favorite industry of Buffett's, and that's obvious in the company's massive stock portfolio -- in fact, Bank of America (NYSE: BAC) is Berkshire's second-largest investment. It was reported on Tuesday that Berkshire has invested $500 million in another Brazilian fintech start-up called Nubank, which is best known for issuing credit cards.