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Berkshire Hathaway Invests $500M in Brazilian Digital Bank Nubank

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Berkshire Hathaway, led by renowned investor and bitcoin critic Warren Buffett, has made a $500 million investment in Brazilian digital bank Nubank.

  • In an announcement Tuesday, Nubank said the Berkshire Hathaway investment is an extension of the G Series funding carried out in January. Series G is the eighth fundraising event for a startup.

  • Nubank said in terms of its number of customers it has recently reached 40 million and, in the first five months of the year, it has grown at a pace of more than 45,000 new customers per day.

  • The digital bank has been recognized as an influential company in Latin America by TIME and one of the most innovative by CNBC.

Read more: Bitcoin’s Success Is ‘Disgusting’: Berkshire’s Charlie Munger

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