"Berkshire Hathaway Just Invested in Another Fintech:
"Berkshire's latest fintech investment It was reported on Tuesday that Berkshire has invested $500 million in another Brazilian fintech start-up called Nubank, which is best known for issuing credit cards. Nubank, which is private, raised a total of $750 million in new funding (including Berkshire's) at a valuation of $30 billion.
Nubank currently has 40 million customers and plans to expand its operations into Mexico and Columbia, and there have previously been rumors that the company is eyeing a U.S. IPO in the not-too-distant future.
StoneCo has been a highly successful investment for Berkshire, up by about 160% from the $24 share price Berkshire paid at the time of the fintech's late-2018 IPO, and Berkshire is clearly hoping for a repeat of its initial success in the Brazilian fintech market."