FinTech Magazine May 2026 | Page 37

DAVID VÉLEZ
TOP 10 – CEOS IN BANKING AND FINANCE

08

DAVID VÉLEZ

COMPANY: NUBANK REVENUE: US $ 16.3BN( FY2025) FOUNDED: 2013
Nubank has turned into Latin America’ s fintech juggernaut under David’ s leadership, eclipsing legacy banks with 131 million customers and record FY2025 revenue of US $ 16.3bn. Its ultra-low US $ 0.80 cost-to-serve per user – enabled by AI-driven ops and no-fee model – delivers a peer-leading 33 % ROE. This validates digital-only banking’ s hyperscale potential in emerging markets, blending credit, crypto and payments via seamless super-app innovation. WATCH NOW
Nubank’ s approach to international expansion
David Vélez CEO
Nubank
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