TOP 10 – FINTECH COMPANIES GLOBALLY
David Vélez, CEO,
Nubank
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Manifesto Nubank
NUBANK
Founded: 2013 Headquarters: São Paulo, Brazil CEO: David Vélez
David Vélez’ s nightmare experience opening a Brazilian bank account inspired him to build Latin America’ s first major digital bank. Nubank’ s distinctive purple branding and fee-free approach attracted 90 million customers across Brazil, Mexico and Colombia – proving that transparent banking could succeed in traditionally oligopolistic markets. The company’ s mobile-first design and AI-powered credit assessment enabled it to serve previously underbanked populations whilst maintaining healthy profits. December 2021’ s successful IPO valued Nubank at US $ 45bn, making it Latin America’ s most valuable fintech. With US $ 8bn revenue and consistent growth, David has demonstrated that customer-obsessed banking can achieve massive scale whilst remaining profitable.
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