Nubank, a Brazil-based FinTech that has amassed more than 40 million clients in Latin America in part by looking for business among constituencies ignored by traditional banks, could be worth more than $55 billion when it holds a planned initial public offering (IPO), Reuters reported.
When Warren Buffett’s Berkshire Hathaway recently invested in Nubank, the deal carried a valuation of $30 billion, according to the report.