After successfully investing in Nubank and Credijusto the bank’s special situations group is looking to invest in fintech start-ups across the region.
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Goldman's Special Situations Group Sets Sights on Latam Fintechs
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The interest in Latin American startups is driven in part by Goldman’s successful investments with Nu Pagamentos SA, widely known in Brazil as Nubank. Founded in 2013, the firm already has 10 million clients and is the fifth-biggest credit-card issuer in the nation, with a valuation of $3.6 billion in a fundraising round last year. Goldman loaned Nubank 200 million reais ($53 million) in 2016, and in August 2017 expanded the credit line to 455 million reais in a deal with Fortress Investment Group.
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