FinTech Magazine July 2024 | Page 42

02NUBANK

02NUBANK

REVENUE : US $ 45BN FY2023 EMPLOYEES : 6,000 CEO : DAVID VÉLEZ FOUNDED : 2013
Nubank is the leading digital banking option in Latam . Founded by Cristina Junqueira , who leads the bank ’ s Brazilian arm , and David Vélez , CEO of Nubank in Colombia , Nubank has evolved to challenge traditional incumbents like Itaú . Leveraging a consumer-first approach , Nubank has a customer base exceeding 70 million and continues to leverage cutting-edge technologies like machine learning to drive innovative business practices and deliver new products and services to its personal and business customers . A digital-only bank , Nubank provides its services via its comprehensive app , which aims to deliver financial solutions that are straightforward , intuitive and , most importantly , humancentric . Nubank continues to innovate too , recently partnering with UK fintech Wise as part of its bid to enter the global accounts market .
42 July 2024