Tencent invests $180M for partial stake in Nubank

|About: Tencent Holding Ltd. ADR (TCEHY)|By:, SA News Editor

Tencent (OTCPK:TCEHY, OTCPK:TCTZF) invested $180M for an undisclosed minority stake in Nubank, both companies confirm.

The investment includes a $90M capital increase and $90M to purchase the partial stake.

Nubank has issued 5M credit cards and signed up 2.5M to digital payment accounts.  

Previously: Report: Tencent could invest $200M in Brazilian banking app (Oct. 8)

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