Nubank

Nubank is the leading financial technology company in Latin America and the largest independent neobank in the world.

Nubank is committed to fighting complexity and empowering Brazilians to take control of their finances.

Nubank was founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible. The company is headquartered in São Paulo, Brazil with engineering offices in Berlin, Germany, Buenos Aires, Argentina, and an office in Mexico City, Mexico.

 

Nubank offers a variety of financial products, including a digital bank account, a debit card, insurance, P2P payment via Pix (the Brazilian equivalent of Zelle), loans, rewards, life insurance and an account and credit card for small business owners.

 

Nubank also offers transparent and hassle-free personal loans, a benefits program with points that don't expire, and a business account tailored for SMBs. In 2020, Nubank acquired digital broker Easynvest and became the leader in self-directed digital investments in Brazil.

 

Nubank has over 36 million customers in Brazil and 38 million customers all over the world. 

 

Nubank is backed by Tiger Global, GIC, Berkshire Hathaway, Goldman Sachs, Sequoia, TCV, Founders Fund, Kaszek, QED Investors, DST Global, Invesco, Morgan Stanley, Citigroup, HSBC, and others. The company raised $650M credit line on Apr 11, 2022. This brings Nubank's total funding to $3.9B to date. Nubank went public on Dec 09, 2021 with a valuation of $41.5B at IPO. Nubank was last valued at $30B from a funding raised in Jun 2021.

 

 

  • Year founded: 2013
  • Funding Info: $3.9B over 14 Rounds (Latest Funding Type: Post-IPO Debt)
  • Yearly Revenue: $963M (2020)
  • Employee Size: 5,001-10,000
  • Business Valuation: Valued $41.5B at IPO as of Dec 09, 2022
  • City/Town: Sao Paulo
  • State: Sao Paulo
  • Country: Brazil
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