Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.
Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
Nubank announced in October the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm.
Nubank executives talk credit strategy in Latam. The fintech has a portfolio of $20 billion comprised of personal and credit card loans.
Nubank's shares ticked 4% higher on market opening following a surge in profits during the fourth quarter of 2022.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.
OCR Labs Global claims it is the first company to independently verify that its identification verification software has been certified bias-free.
The EIF has committed backing to October's newest SME fund, which focuses on promoting sustainable practices.
In the west we take it for granted that the vast majority of people have internet access. But that is not true in the developing world. For digital payments to take off there we need to develop robust offline payments infrastructure.