This week's list of top stories in fintech:

Brazil’s Nubank raises $2.6 billion in NYSE IPO

• Priced at $9 a share, at the top end of the range
• Raised $2.6b, largest IPO in fintech history
• Valued at $41b, the most of any financial institution in Latin America

Brazil’s Nubank Jumps in Debut After IPO Raises $2.6 Billion

• NU priced at $9, opened at $11.25 and closed the day at $10.33, up 15%
• Nubank is now valued at $48b
• David Velez is now worth $10b, Cristina Junqueira is now a billionaire.

Crypto executives urge light touch as Congress mulls new regulation

• Execs from Coinbase, Circle, FTX, Paxos, Stellar and Bitfury testified before the HFSC.
• Fell mainly along party lines with Republicans supporting the industry, Democrats skeptical
• Execs would welcome regulatory clarity
• Mainly a fact finding exercise.
• Crypto execs were mostly happy with the hearing

Interview with Sergio Furio

• Banks are benefiting from partnering with fintechs
• Expanding into a new country is not a good idea for most companies.
• Created an independent team that can operate autonomously
• Lights a candle and prays for Nubank

LatAm 2021: Credijusto bought a bank, CEO shares experience

• Underestimated how challenging it was going to be, took longer than expected.
• Gain regulatory clarity and cheaper capital
• Can address a broad

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Until next time.