Nubank is developing a risk appetite for unsecured loans, while it expects to roll out payroll lending in the following quarters.
On the second day of the Fintech Nexus USA conference, Nubank's David Vélez recounted in direct terms the multi-year overnight success.
David Velez founded Nubank in 2013 with the idea of taking on big banks in Brazil and leveraging technology to change how financial products are served in the country radically.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.
Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.