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 Safened Safened is a regulated payment institution...	2014	Private
x Pockit Pockit is building the world’s most inclusive...	2014	Private	Challenger banks, fintech
x Cogni Cogni is the people-driven digital banking app...	2018	Private	Challenger banks, fintech
x Doconomy Doconomy is a new company that aims to find...	2018		Challenger banks, fintech
x Jumio Jumio helps organizations meet regulatory...	2010	Private