Tagged: david vêlez

Brazil’s Digital Banking Platform Nubank Reports $1B+ Full Year Net Profit

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed “in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” David Vélez, founder and… Read More

Digital Banking: Brazil’s Nubank Reaches 90M+ Customers in LatAm Markets

Nubank (NYSE:NU) has surpassed 90 million customers in Latin America in its operations in Brazil, Colombia, and Mexico, consolidating its position as one of the fastest-growing financial services companies in the world. David Vélez, Nubank’s founder and CEO, at an event for the press and… Read More

Nubank Says Loan from International Finance Corporation Tops $265 million

Nubank (NYSE:NU) says it has received a significant increase in the A/B loan provided by the International Finance Corporation (IFC) – part of the World Bank. Previously, the IFC had committed $150 million. Today, the amount has jumped to $265.1 million which should help fuel… Read More

Digital Banking: LatAm Fintech Nubank Enhances Security with Reporting Channel and Tool for Theft

In one more step to increase security for customers, Nubank (NYSE: NU) announces two new tools: the Reporting Channel, which allows “the reporting of fraud or attempted fraud involving the company, and the Me Roubaram (I was robbed) feature, a site that Nubank customers can… Read More

Digital Financial Services Firm Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2022 Financial Results

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

Nubank Reaches 70M Customers in Latin America

Nubank (NYSE: NU) reached the mark of 70 million customers in Latin America, “with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.” The company, the fifth largest financial institution in Brazil in number of customers,… Read More

LatAm Fintech Nubank Strengthens Global Operations with $650M Credit Line to Support Mexico, Colombia Business Growth

Nubank (NYSE: NU), one of the largest digital financial services platforms globally, recently announced that it strengthened its international operations by obtaining a credit line of $650 million, which will be “invested in the Mexican and Colombian markets, where the company operates under the name… Read More

Nubank Prices IPO at $9 a Share, Will Trade on NYSE Under Ticker “NU” [u]

Nu Holdings or Nubank, will trade on the New York Stock Exchange today under the ticker symbol “NU”. Nubank, based in Brazil, is one of the most successful digital banks in the world. The pricing gives Nubank a valuation of over $40 billion. The company… Read More

Reality Check Before Take-Off: Why a $9 Billion IPO Target Downsizing Won’t Impact Nubank’s Path to the Pinnacle of Fintech

Brazil’s Fintech decacorn, Nubank is all set for a blockbuster IPO on the 8th of December that’s certain to resonate across the world of finance. Whilst the company has been forced to cut its valuation target by around $9 billion to a total of around… Read More

Nubank, a Leading Latin American Neobank, to IPO on NYSE this Week

Nu Holdings (Nubank), a Brazil-based Fintech, is expected to go public this week as shares are set to trade under the ticker symbol “NU” on the NYSE. Late last month, Nubank updated its price range to $8 to$9 per share. If the neobank bank floats… Read More

Latam Fintech Nubank Said to be Planning an IPO in the US

Brazil-based digital bank Nubank is said to be in the early stages of pursuing an initial public offering (IPO) in the US. Earlier this month, it was reported that Nubank had acquired $750 million in capital as part of two extensions of its latest Series… Read More

Digital Banking Fintech Unicorn Nubank Secures $750M as Part of Series G Extensions, Now Valued at $30B

Brazil-based banking challenger Nubank recently revealed that it has secured a total of $750 million in capital as part of two extensions of its latest Series G round. The Fintech firm reports raising $1.15 billion in total. During Nubank‘s first extension, the banking challenger acquired… Read More

Nubank: A LatAm Fintech Valued at $10 Billion and Growing Fast

Last week during LendIt Fintech’s LatAm virtual event, David Velez, founder and CEO Nubank, took to the screen to share some of his experiences in launching a digital bank in Latin America that has now emerged as a hugely successful Fintech. In 2013 following years… Read More

World’s Highest-Valued Challenger Nubank to Introduce Annual Commission-Free Nu Credit Card in Mexico

Brazil-based neobank Nubank is reportedly planning to introduce an annual commission-free Nu credit card to customers in Mexico. There’s already a waitlist of 30,000 potential users, according to TechCrunch.  Mexico was notably the first major market that Nubank expanded to outside of its headquarters in… Read More

Founders of Google Pay India to Launch Neo-Banking Platform in the $2.6 Trillion Economy

Two Indian co-founders of Google Pay are reportedly preparing to launch a neo-banking platform in the Asian country and they have managed to acquire financial backing from three established venture capital funds. Sujith Narayanan, an experienced senior management professional specializing in the payments industry, who… Read More

Brazilian Fintech Nubank Opens New Engineering Office in Berlin

Earlier this week, Brazilian fintech startup Nubank announced it has opened an engineering unit in Berlin. According to CTO Edward Wible, the company is expecting to hire two dozen employees for the new German hub. Founded in 2013, Nubank stated it is committed to fighting… Read More

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