Nubank

Description

Nubank is the leading digital finance company in Brazil. The company offers a mobile credit card platform with platinum Mastercard credit services. It also provides a mobile app, with which customers can manage their daily transactions, credit limit and expenses in real time. Nubank is committed to fighting complexity and empowering Brazilians to take control of their finances. Over 3 million people have already applied for Nubank's credit card since it was launched on September 2014.

Overview

Type:	Private
Funding Status:	Venture Round
Foundation year:	2013
Location:	São Paulo, Sao Paulo, Brazil
Number of employees:	1001-5000
Founders:	Adam Edward Wible, Cristina Junqueira, David Velez
Website:	https://nubank.com.br/en/

Target geographic market:

Global

Awards:

Best B2C in Latin America 2016, by Latam Founders Network

About Product/Service

Regulators/Compliance	Nubank is licensed under the MIT License

Product cost	-

Key people

David Vélez Founder and CEO

Edward Wible Co-Founder and CTO

Funding rounds

Last Funding Date	Jun 4, 2020
Last Funding Amount	$300M
Last Funding Type	Venture Round
Total Funding Amount	$1.4B
Number of Funding Rounds	11

Financials

Number of investors	15
Number of lead investors	9
Names of lead investors	TCV, Tencent Holdings, DST Global, Fortress Investment Group, Goldman Sachs, Founders Fund, Tiger Global Management, Kaszek Ventures, VenturesSequoia Capital
M&A	Nubank has acquired Easynvest on Sep 11, 2020, Cognitect, Inc. - on Jul 23, 2020, Plataformatec - on Jan 7, 2020

Tech stack

Competitors

Save comparison	Founding Date	Type	Tags
x BankMobile BankMobile is a mobile application that offers a...	2015	Private	fintech, challenger banks
x Fenergo Fenergo is the digital enabler of client and...	2009	Private	Fenergo
x Thinkmoney Think Money is one of the largest and longest-...	2002	Private	Challenger banks, fintech
x Timo Timo provides banking services in Vietnam	2015		Challenger banks, fintech
x Tinkoff Bank Tinkoff Bank is a credit card company and a first...	2006	Private	Challenger banks, fintech