FinTech Magazine September 2023 | Page 38

Nubank US $ 4.1bn
TOP 10

Nubank US $ 4.1bn

Top on our list of digital banks by total funding is Nubank , with US $ 4.1bn generated in investments since its 2013 founding . With a mission to battle complexity and empower people to get better control of their finances , Nubank is on a path to revolutionise financial services in Latam . Operating across Brazil , Mexico , and Colombia , the fintech currently serves over seventy million customers , leveraging technology and machine learning to innovative business practices and create new financial solutions for SMEs and individuals . Heralded for its efforts in fostering financial inclusion in what are traditionally underserved markets , Nubank was ranked as the best bank in Brazil by Forbes . A digital-only offering , Nubank ’ s services are tied to its mobile app , as it looks to promote financial solutions that are simple , intuitive , empowering , and human .
38 September 2023