Nubank Reaches 100 Million Customers in Brazil
- 12 Nov, 2024
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 | - |
|---|
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
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x Current Current's CEO Stuart Sopp founded Current with... | 2015 | Private | challenger banks, fintech |
x Fiinu Millions of adults do not have access to an... | 2017 | Private | fintech, challenger banks |
x DUedil DueDil is a company intelligence platform that... | 2011 | Private |
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