Buffett-backed Nubank posts record revenue on strong user growth
(Reuters) – Brazil’s Nubank on Tuesday reported record revenue for the second quarter as the Warren Buffett-backed digital banking firm logged a surge in new customers. The Brazilian lender has been so…
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…
Brazil’s Nubank announces $330 million equity capitalization in Mexico
MEXICO CITY (Reuters) – Brazilian digital bank Nubank, Latin America’s largest fintech, announced on Tuesday a $330 million equity capitalization in Mexico, as it pushes to expand operations there. The investment adds…
Brazil’s Nubank rolls out Mexican savings accounts, debit card
By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks to scoop up market share in a…
Buffett-backed Nubank reaches 70 million clients
SAO PAULO (Reuters) – Brazil’s Nubank has reached 70 million clients across its three operating countries, Latin America’s largest financial technology company said on Monday. The digital bank, backed by investors including…
Buffett-backed Nubank growing faster than expected in Mexico -CEO
By Tatiana Bautzer SAO PAULO – Nubank, Latin America’s largest fintech, is growing faster than expected in Mexico, Chief Executive David Velez said in an interview. “We thought it would be hard…
Interest policy will help Nubank lower funding costs, say analysts
SAO PAULO – Nubank Holdings Ltd’s announcement that Brazilian customers’ deposits will not yield interest in the first 30 days was seen by analysts as an important step toward reducing the digital…
Shares in Brazil’s Nubank rise as central bank rules seen as less onerous
– Brazilian fintech Nubank said on Monday that new central bank rules for digital banks will bring lower capital requirements than originally expected next year and in 2024, with the announcement lifting…
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