Netflix reports Q3 revenue up 17% YoY to $11.51B, matching est., and an operating margin below est. due to Brazilian tax dispute expense; NFLX drops 8%+
Shares of Netflix plummeted as much as 7% after the company posted a third-quarter earnings miss after the closing bell Tuesday.
Digital bank Tyme Group, which operates in South Africa and the Philippines, raised a $250M Series D led by Brazilian digital bank Nubank at a $1.5B valuation
Bloomberg :
Analysts raise questions over Brazilian digital bank Nubank's rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank's app
Bloomberg : X: @aldrinzigmundv X: Aldrin Zigmund Cortez Velasco / @aldrinzigmundv : Nubank reported on Aug. 13 that non-performing loans of 90 days or more hit a record 7% in the second quarter, at ...
Brazilian digital bank Nubank hits a $58.2B market cap, surpassing Itau, previously the most valuable financial institution in Latin America, at ~$56B
Bloomberg :
Brazilian banking-as-a-service startup QI Tech raised a $200M Series B led by General Atlantic, for $262M in total funding, and reports $21M H1 2023 net revenue
Mary Ann Azevedo / TechCrunch :
Brazilian neobank Nubank reports Q4 revenue up 128% YoY to $1.45B and a $58M net income, up from a $66.1M net loss YoY, saying it ended 2022 with 74.6M users
Nu Holdings Ltd (NUN.MX) reported a surge in fourth-quarter gross profit on Tuesday, as customers flocked to the core lending products offered …
A look at Modulo Capital, a mysterious multi-strategy hedge fund founded in 2022 and based in Albany in The Bahamas, which received $400M from Alameda Research
Tracy Wang / CoinDesk : Tweets: @smtuffy , @hsakatrades , @founderannie , @fxmacro , @mattwalshinbos , @0x_tracy , @jcoviedo6 , @hsakatrades , and @smtuffy Tweets: Sean Tuffy / @smtuffy : SBF launder...
São Paulo-based Creditas, which operates an online consumer loans service, announces plans to raise $200M and buys a Brazilian banking license
Tatiana Bautzer / Reuters :
Brazil-based Creditas, which operates an online consumer loans service, raises $200M, bringing its total funding to $830M, and buys a Brazilian banking license
Tatiana Bautzer / Reuters :
Source: Brazilian e-commerce startup Vtex, which has an $820M market cap, cut ~200 jobs, or 13% of its workforce; Mexican crypto exchange Bitso cut 80+ staff
Isabela Fleischmann EN / Bloomberg Línea :