After cutting a $500m cheque for leading Latin American fintech Nubank in 2021, the Oracle of Omaha has increased his stake in the business to $1bn.
Berkshire Hathaway first invested as part of Nubank’s Series G funding round last June, and was handsomely rewarded during the fintech’s IPO with gains to the tune of $150m.
With Nubnak now floated on the stock market Warren Buffett disclosed in a filing on 14 February that he has invested further in the business, picking up the stake via his company Berkshire Hathaway.
Nubank’s share price leapt nearly 12 per cent as a result of Buffett’s increased backing, while the US investor also disclosed that he had sold off his $1.8bn stake in Visa and $1.3bn stake in Mastercard.
Read more here
