Search results for Nubank
Crypto
Augustus raises $180 million led by Tiger Global, CEO says
Venture capital firm Tiger Global led a $180 million Series B funding round for banking startup Augustus, with Hummingbird, QED and founders of Nubank, Ramp, Circle and Deel also taking part. The company was valued at $1 billion. Augustus plans to use the funds to expand services for fintech firms and banks in Latin America, Southeast Asia, the Middle East and Africa. CEO Ferdinand Davitz said the company aims to improve access to dollars abroad.
Crypto
Ubitt links with Brazil\'s Pix, giving 170 million users access to USDT
Tether-backed payment app Ubitt has integrated with Brazil’s Pix payment system, opening access to USDT for about 170 million Pix users. Users can deposit reais into the Ubitt app, convert them into USDT and hold the stablecoin, then use Pix to make payments. Ubitt adviser Alex Obchakevich said users can send USDT using a Pix key or by scanning a QR code.
AI & Enterprise
AI costs rise, boosting startups that optimize AI spending
PointFive, a startup that optimises AI cloud costs, has raised $60 million in a funding round led by Accel, the Wall Street Journal reported. The company was valued at about $500 million. Founded in 2023, PointFive helps companies identify and reduce unnecessary AI-related cloud spending and suggests cost-cutting steps such as using cheaper AI models. CEO Alon Arvatz said waste can reach millions of dollars annually at large firms.
