Brazilian digital banking giant Nubank has teamed up with a roster of retailers to add an e-commerce section to its...
Brazilian digital banking giant Nubank has teamed up with a roster of retailers to add an e-commerce section to its app.
'Nu's valuation is not crazy. In fact, they are valuing each customer at about $1,000, whereas U.S. and European neobank valuations put their customers closer to $2,000.'
Brazilian neobank Nubank partnered with Wise to launch a global account. The online lender is targeting the highly affluent in Latin America.
Neobank Nubank announced it has reached 100 million customers among its key markets in Latin America, including Brazil, Colombia and Mexico.
Brazilian Nubank reached 79.1 million customers in Latin America by early April. That is up almost 20 million compared to a year ago.
Brazil based Nubank is launching internationally soon as they plan to launch a credit card product in Mexico by the...
In addition to being listed on the NYSE and the Sao Paulo stock exchange, known as B3, the neobank is also already listed on BIVA and the BMV.
Nubank, the largest neobank in Latin America, nearly doubled its revenue in the first quarter to $1.6 billion, up 87% year-over-year.
Nubank announced it was no longer serving its clients with investment advisory, cutting its headcount by 40.