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Nubank's Colombia unit gets $150 million loan from US agency

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SAO PAULO, April 8 (Reuters) -Brazilian digital lender Nubank NU.N said on Monday its subsidiary in Colombia has secured a $150 million loan from the U.S. International Development Finance Corporation (DFC).

"With the resources from this loan, Nu Colombia will continue working to reach more Colombians and expand its portfolio", Nubank said in a statement.

Nubank did not disclose more details regarding the loan, such as interest rates and maturity.

Of the more than 93 million customers Nubank reported by the end of 2023, 800,000 were in Colombia, according to the statement. The lender also operates in Brazil, its main market, and Mexico.

The new loan adds to $265 million financing Nubank's Colombia unit had secured last year with the International Finance Corporation, an investment vehicle for the World Bank.

Reporting by Andre Romani; Editing by Paul Simao


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