{"id":269367,"date":"2021-06-08T19:45:00","date_gmt":"2021-06-08T16:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/berkshire-hathaway-invests-500m-in-brazilian-digital-bank\/"},"modified":"2021-06-08T19:45:00","modified_gmt":"2021-06-08T16:45:00","slug":"berkshire-hathaway-invests-500m-in-brazilian-digital-bank","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/berkshire-hathaway-invests-500m-in-brazilian-digital-bank\/","title":{"rendered":"# Berkshire Hathaway invests $500M in Brazilian digital bank"},"content":{"rendered":"<p>&#8220;<strong># Berkshire Hathaway invests $500M in Brazilian digital bank <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDU4MmViMTctNjJkNC00OWZiLWJmNmYtYTQyMGU2YzE3ZWNlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett.<\/p>\n<p>In an announcement from Nubank on Tuesday, the digital bank <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.nubank.com.br\/nubank-levanta-500-milhoes-dolares-com-berkshire-hathaway\/\">said<\/a> the $500 million investment would be used to continue its international expansion \u2014 the company recently launched in Colombia \u2014 as well as attract new executives from major tech companies. Nubank reported it has more than 40 million customers in Brazil, Mexico and Colombia.<\/p>\n<p>Nubank CEO David V\u00e9lez said the funding would help in \u201cdemocratizing access to financial services\u201d across Latin America. He said that only half the people in the region have bank accounts, with roughly 21% using credit cards. <\/p>\n<p>\u201cNo one thought it was possible to change the financial system, but we were always convinced that there was room for disruption and innovation and, more importantly, that customers deserved better service,\u201d said V\u00e9lez.<\/p>\n<p>Buffett has personally spoken on Bitcoin (BTC) and other cryptocurrencies previously, saying they \u201cbasically have no value\u201d and that he will never own any himself. In a shareholders meeting last month, vice chair Charlie Munger referred to crypto as \u201cuseful to kidn<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ers and extortionists.\u201d<\/p>\n<p>However, over the last year, the multinational conglomerate has invested in more firms related to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and beyond, including cloud technology company Snowflake. Berkshire Hathaway also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/berkshire-hathaway-portfolio\/\">holds<\/a> billions of dollars worth of Apple and Amazon stock as of March 31. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/berkshire-hathaway-invests-500m-in-brazilian-digital-bank\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Berkshire Hathaway invests $500M in Brazilian digital bank &#8221; Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett. In an announcement from Nubank on Tuesday, the digital bank said the $500 million investment would be used to continue its international expansion \u2014 the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDU4MmViMTctNjJkNC00OWZiLWJmNmYtYTQyMGU2YzE3ZWNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[71939,22483,117,73711,70760],"class_list":["post-269367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banks","tag-brazil","tag-business","tag-investments","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269367"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269368"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}