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Nubank's Colombia unit gets $150 million loan from US agency
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Nubank's Colombia unit gets $150 million loan from US agency
Apr 8, 2024 9:59 AM

SAO PAULO, April 8 (Reuters) - Brazilian digital lender

Nubank said on Monday its subsidiary in Colombia has

secured a $150 million loan from the U.S. International

Development Finance Corporation (DFC).

"With the resources from this loan, Nu Colombia will

continue working to reach more Colombians and expand its

portfolio", Nubank said in a statement.

Nubank did not disclose more details regarding the loan,

such as interest rates and maturity.

Of the more than 93 million customers Nubank reported by the

end of 2023, 800,000 were in Colombia, according to the

statement. The lender also operates in Brazil, its main market,

and Mexico.

The new loan adds to $265 million financing Nubank's

Colombia unit had secured last year with the International

Finance Corporation, an investment vehicle for the World Bank.

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