Nubank, the Brazilian digital bank and Latin America’s largest fintech company, announced on Tuesday a $330 million equity investment in Mexico to fuel its expansion in the country.

According to a statement from Nubank, this move, combined with a previous $1 billion investment in Mexico, makes it one of the largest foreign investors and one of the best-capitalized financial institutions in Mexico. Ivan Canales, general manager of the digital bank's Mexican unit Nu Mexico, said in a statement that the investment and regulatory approval are a growth opportunity for Nubank, which may launch new products such as personal loan services. (Reuters)