China’s internet giant Tencent Holdings Limited has reached an agreement to invest US$180 million for an undisclosed minority stake in Brazilian financial technology company Nu Pagamentos S.A. Tencent is investing in Nu Pagamentos S.A., shortly known as Nubank, through a US$90 million capital increase, said Reuters citing Nubank’s chief executive David Velez. The Chinese giant […]
Chinese Internet Giant Tencent Invests $180M In Brazil’s Fintech Start-Up Nubank appeared first on China Money Network.