Two months after rumours began to swirl around a possible US IPO, Brazilian neobanking giant Nubank has filed its listing paperwork. At its last funding round, co-led by Warren Buffett’s Berkshire Hathaway, Nubank reached a valuation of $30bn—although reports around its IPO suggested the bank is now aiming for a price tag in excess of $55bn.
Two fintech behemoths, Klarna and Stripe, have entered into a strategic partnership. Retailers using Stripe can now activate Klarna as the preferred payment method in their checkout.
Global neobank N26 has a vast and record-breaking new round of funding of more than $900m, valuing the company - which was founded just eight years ago - at more than $9bn.
New data from Tech Nation shows that, in the last quarter, VC investment in UK fintechs hit $4.9bn—more than the total raised by UK fintechs throughout the whole of 2020 ($4.57bn).