As of April, the Brazilian economy reached the ninth spot as the country with the highest number of unicorn firms.
Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.
Across Latin America, fintech lenders are accelerating profitability strategies amid growing pressure from markets to yield profits.
Nubank executives talk credit strategy in Latam. The fintech has a portfolio of $20 billion comprised of personal and credit card loans.
Nubank announced in October the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm.
Latam neobanks have weathered the capital crisis and reported a strong year of profitability while still growing their customer base.
The world’s most valuable digital bank, Brazil’s Nubank, is launching its Nu credit card in Mexico; the card is available...
Nine months after its IPO with a dual listing on the São Paulo Stock Exchange and the NYSE, Nubank announced that it will no longer be a publicly traded company in Brazil.
LatAm fintechs have a massive advantage over traditional financial companies: a lack of a robust, cost-heavy physical infrastructure that thwarts cross-border expansion.
NuBank started back in 2013 with $2mn in seed capital with the idea of fighting the bureaucracy and complexity of...