FinTech Magazine - March 2021

Page 10

GLOBAL NEWS 2

USA

US banks to become climate compliant A new US administration means US banks will submit to climate change and climate risk regulations, a new report suggests. Data shows exposure to the associated risks could lead to destabilisation.

1

LATIN AMERICA

Nubank valued at $25bn A recent US$400m Series G funding round means Nubank has become one of the most valuable digital banks ever, valued at $25bn. The startup was a small venture when it launched in 2013 small startup in São Paulo, 2013, offering a credit card with no annual fee and completely controlled by the app.

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March 2021


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