Brazil’s Nubank appoints former Meta executive to board

(Reuters) – Brazilian digital lender Nubank said on Monday it had expanded its board to add David Marcus, former digital wallet executive at Meta Platforms Inc.

Marcus, 49, who headed payments and cryptocurrency operations at Meta, left the social media company at the end of 2021 to launch a crypto-focused startup, Lightspark.

Prior to Meta, he was the president at digital payments company PayPal Holdings Inc for more than two years.

Nubank is one of the most popular financial technology platforms in Latin America, with around 75 million customers across Brazil, Mexico and Colombia.

(Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi)