Brazilian used car portal receives $16.6 million in latest funding round

Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…

Brazilian fintech Nubank raises $400 million in 7th funding round

Nubank was valued at more than $10 billion in its latest funding round. In a statement Brazilian fintech startup Nubank stated, it has raised $400 million in a new funding round led by TCV, a U.S. investment firm. Its existing investors include China’s Tencent Holdings Ltd, Ribbit Capital, DST Global, Dragoneer, and Sequoia Capital. Thrive…