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 .
10 March 2021