Digital banking service Nubank has raised $180m from Tencent at a $4bn valuation, increasing its overall equity funding to about $505m.

Internet group Tencent invested $180m in Nu Pagamentos, the Brazil-based operator of digital bank Nubank, yesterday at a valuation reported by The Information to be about $4bn. The deal consists of $90m of new shares being issued to Tencent and $90m of secondary share purchases from existing shareholders, though Nubank did not reveal the identity…

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