Articles from Nubank

Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company's international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits. These figures exceed those of Brazil at the same stage of operations: in the company’s home country, there were 7.7 million customers and less than $1 billion in deposits in Q1’19.

Nubank announced today the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking platforms, bringing smarter, fairer, and more personalized financial products and services to Nubank's customers.

Nubank announced today that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit and over US$8 billion in revenues, which attest to the solidity, efficiency, and scalability of Nubank’s business model.

Nubank's credit strategy is characterized by technological agility, large-scale data analysis, customized risk management, innovation, and high levels of satisfaction. This unique combination allows the company to offer competitive rates to its more than 90 million customers and maintain a strong performance in credit, with NPL rates better than the industry average, even in challenging economic conditions.

Nubank, one of the world's largest digital financial services platforms, reached on the first week of April 2023* the milestone of 80 million customers in Latin America, where it maintains operations in Brazil, Mexico, and Colombia.

Nubank, one of the world's largest digital banking platforms, announces that David Marcus has been appointed as a member of its Board of Directors. Mr. Marcus is the CEO and co-founder of Lightspark and has an extensive career in leadership positions in technology companies including Meta and PayPal. Marcus also has a strong entrepreneurial background, having built three startups over the past three decades. As a Board member, Marcus will play a fundamental role in Nubank’s journey as the company expands in its multi-country, multi-product, and multi-segment strategy.

Nubank, one of the world’s largest financial services platforms, today announced the appointment of US executive, Alex Ceballos, as Chief Corporate Development Officer. With a 16-year career at Amazon, Ceballos will play a key role in the company's expansion strategy, focusing on the development of new business and markets, through M&As, partnerships, and strategic investments. This is a newly-created position in the company, and Ceballos will report directly to David Vélez, founder and CEO of Nu Holdings.