Project Notice |
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| PNR | 41550 |
| Project Name | Financial Inclusion Partnership - Nubank |
| Project Detail | Nu Financeira is part of a leading financial technology group (“Nubank”) based in Brazil that issues, administrates, processes, and transfers payments for post-paid credit cards as well as loans to individuals and Micro, Small and Medium-Sized Enterprises (“MSMEs”). The proceeds of the Project will be to increase its lending portfolio in MSMEs. This proposed transaction consists of a senior secured financing for Nu Financeira of up to the equivalent in Brazilian reais of up to US$75 million with a three-year tenor. |
| Funded By | Inter-American Development Bank (IADB) |
| Sector | Forestry |
| Country | Brazil , All Region |
| Project Value | BRL 75,000,000 |
Contact Information |
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| Company Name | Nu Financeira S.A. – Sociedade de Crédito, Financiamento e Investimento (“Nu Financeira”) |
| Address | Name: Guilherme Lago Title: Finance Vice-President Email: guilherme.lago@nubank.com.br |
| Web Site | https://www.idbinvest.org/en/projects/financial-inclusion-partnership-nubank |
