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Brazil’s fintechs confident they will ride out current storm

by 198 Mexico News

July 18, 2022

in BUSINESS NEWS FROM AROUND THE WORLD

Reading Time: 1 min read

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Jul 18, 2022 10:42 4 min read

Once hailed as a Brazilian success story, the trajectory of fintech Nubank could be about to become a cautionary tale instead. The digital bank went public on the New York Stock Exchange last December with an IPO that pushed its value past USD 52 million and made it Latin America’s most valuable financial institution. Half a year on, things do not look so rosy: Nubank’s share prices are now valued at around 30 percent of their post-IPO quote.

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Rising costs may halt Brazil’s credit deconcentration process

As The Brazilian Report explained in the first edition of its Market Roundup in May, this trend is not restricted…

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‘You hit this glass ceiling’: Undocumented US students returned to Mexico struggle to continue their college studies

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