DIGITAL BANKING
“In Latin America, there was significant scarcity [ of entrepreneurs ] compared to the US”
Stanford University, California, United States
DAVID VÉLEZ, CO-FOUNDER & CEO, NUBANK
A Growing Legacy More than a decade after its founding, Nubank has expanded substantially.
Following its December 2021 IPO as Nu Holdings on the New York Stock Exchange, the company continued building upon its customer base, which stood at 70 million in 2022. The company’ s IPO valuation of US $ 45bn reflected its significant growth trajectory.
The company now operates across Brazil, Mexico and Colombia, offering services including credit cards, checking accounts and life insurance – providing financial services to previously underserved populations.
Despite his success, David maintains commitments beyond business. Together with his wife Maria, with whom he has four children, he has pledged to donate the majority of their estimated US $ 6bn fortune to philanthropic causes.
David’ s journey from Medellín to building one of Latin America’ s most successful financial institutions demonstrates how innovation in financial services can create substantial impact.
By challenging established banking practices and embracing technology, Nubank has helped change how millions of people across Latin America access and use financial services.
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