brazil digital banking

Aug

Nubank is both big and profitable

Brazil’s Nubank is continuing to prove the naysayers wrong. In the second quarter, the massive digital lender nearly doubled its net income from a year earlier to US$487 million. Revenue reached a record US$2.8 billion. It now has 104.5 million customers, including about 60% of Brazil’s adult population. The bank…

Jun

Fintech Research

How has Brazil’s Nubank amassed 25 million customers?

Brazil’s Nubank is growing so fast it’s hard to keep up. In June, Nubank hit the 25-million customer milestone, up from 15 million in October 2019. Most neobanks talk up the need to build scale and grow fast, but Nubank is one that walks the walk. The Sao Paolo-based company…

Dec

Fintech Research

How did Brazil’s Nubank become Latin America’s largest fintech?

Brazil’s Nubank has 15 million customers, making it the largest fintech in Latin America. Backed by heavyweight investors like Sequoia Capital and Tencent, Nubank has been using its sizable war chest – it raised $400 million in July – to embark on a rapid expansion spree in Latin America’s largest…

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brazil digital banking