A profile of Brazilian neobank Nubank, which aims to enter the US market within 18 months, growing its 120M+ customers; analysts expect $2.9B in 2025 net income
Michael Pooler in São Paulo — In the race to become the west's most valuable digital bank, Revolut has competition.
Digital bank Tyme Group, which operates in South Africa and the Philippines, raised a $250M Series D led by Brazilian digital bank Nubank at a $1.5B valuation
Bloomberg :
How gambling apps are ravaging Brazil in the wake of legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors
The boom shocked policy makers who are now scrambling to control it — At the headquarters of the United Nations … X: @lucas_shaw , @lpolgreen , @_night_brain__ , @ezraklein , @otis_reid , @pkafka , ...
Analysts raise questions over Brazilian digital bank Nubank's rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank's app
Bloomberg : X: @aldrinzigmundv X: Aldrin Zigmund Cortez Velasco / @aldrinzigmundv : Nubank reported on Aug. 13 that non-performing loans of 90 days or more hit a record 7% in the second quarter, at ...
Latin America digital bank Nubank reports Q2 revenue up 52% YoY to $2.8B, above $2.66B est., a $487M net income, above $418M est., and passes 100M customers
Daniel Cancel / Bloomberg :
Brazilian digital bank Nubank hits a $58.2B market cap, surpassing Itau, previously the most valuable financial institution in Latin America, at ~$56B
Bloomberg :
Brazilian neobank Nubank reports Q4 revenue up 128% YoY to $1.45B and a $58M net income, up from a $66.1M net loss YoY, saying it ended 2022 with 74.6M users
Nu Holdings Ltd (NUN.MX) reported a surge in fourth-quarter gross profit on Tuesday, as customers flocked to the core lending products offered …
Brazilian neobank Nubank closes up 14.78% in its NYSE debut, giving it a $47.6B market cap, after raising $2.6B in its IPO
Riley de León / CNBC :
Brazilian neobank Nubank lowers its IPO range from $10-$11 to $8-$9, targeting a $41.5B valuation and raising up to $2.6B
Michael Pooler / Financial Times :
Brazilian neobank Nubank files for a US IPO and plans to “negotiate a program of Brazilian Depositary Receipts”; Nubank raised $750M at a $30B valuation in June
TechCrunch :