Nubank is in talks with SoftBank to lead a funding round of up to $1bn that could more than double the fintech’s valuation to between $8bn and $10bn as it pursues additional markets.

Brazil-based digital bank Nubank has entered discussion with telecommunications and internet conglomerate SoftBank to lead an up-to $1bn funding round, according to Recode. Nubank is targeting a valuation of $8bn to $10bn, with SoftBank expected to invest through its $5bn SoftBank Innovation Fund. Nubank is also considering a second offer to invest from an unidentified…

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