Brazilian digital banking leader Nubank files for US IPO
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.
Klarna and Stripe enter ‘strategic partnership’
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.
N26 hits $9bn after $900m series E
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.
Fintechs have raised more than double so far in 2021 than they did in the whole of 2020
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).