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Argentina based digital bank Brubank sold 15% of the company to Canadian billionaire David Thomson. Brubank will use the funds to continue growing in Argentina, and is in the process of analyzing expansion opportunities into Mexico, Colombia, or Peru.
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Thomson, the third-generation scion of Canada’s richest family, is investing in digital banking in Latin America for the first time, [Brubank CEO Juan] Bruchou said. His family holding company controls Toronto-based Thomson Reuters Corp. “He’s more than an investor to us, he’s a strategic partner,” chief executive officer Bruchou said by phone. “We share the same long-term vision of a bank that offers a better user experience and technology.”
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