Nubank Sees Profits Rise with 15% Increase in Customer Base
Profits at Brazilian Nubank surged by 50%, driven by an expanding customer base across Latin America. The digital bank, which operates in Brazil, Mexico, and Colombia, is also eyeing expansion into the United States. In its quarterly earnings report released on February 25, the company announced a 15% increase in its customer count, now reaching […]
Nubank reports higher than expected earnings for Q3, achieving record profits.
Nu Holdings Reports Strong Q3 Profit SAO PAULO, Nov. 13 – Nu Holdings, which operates the Brazilian digital lender NuBank, announced a significant increase in its net profit for the third quarter, surpassing analysts’ expectations. The results were mainly attributed to its operations in Brazil and Mexico. The company reported a net income of $783 […]
Nubank is set to grow its digital banking services in the US.
Nubank announced on Tuesday, September 30, that it has submitted an application for a US National Bank Charter. This move is aimed at exploring opportunities to expand its digital banking services beyond Latin America. The application was made to The Office of the Secretary of the Currency, as stated in a recent press release. David […]
Nubank seeks US bank charter for growth beyond Latin America
Nubank Seeks U.S. National Bank Charter São Paulo, Sept. 30 – Brazilian digital bank Nubank has announced that it has applied for a National Bank Charter to operate in the United States, marking a significant step toward expanding beyond Latin America. The company stated that this move aligns with its goal to explore international prospects, […]
Nubank Selects FinTech Expert Armando Herrera to Oversee Mexican Operations
Nubank has appointed fintech expert Armando Herrera as the CEO of its Mexican operation, effective September 2. Herrera takes over from Iván Canales, who is on parental leave but will continue contributing to Nu Mexico. With 15 years in the financial services sector, Herrera most recently worked as the general manager for Finance products at […]
Nubank sees 42% increase in net profit for the second quarter
Nubank’s Strong Performance and Future Growth SÃO PAULO – NU Holdings, the parent company of Brazilian digital bank Nubank, saw a notable rise of 42% on a foreign exchange neutral basis on Thursday, with its shares climbing over 8% after the market closed. With a client base nearing 123 million in Brazil, Nubank reported a […]
Nubank Helps Digital Lender Tyme Reach $1.5 Billion Valuation – PYMNTS.com
Digital bank based in South Africa time Achieved unicorn status with the help of FinTech colleagues Nubank. company announced On Tuesday (December 17), the company announced that it had raised $250 million in a Series D funding round, valuing it at $1.5 billion. Tyme's investors include Nubank, a Brazil-based digital lender with 110 million members. […]
Brazilian digital lender Nubank invests $150 million in Tyme Group – Yahoo Finance
SAO PAULO/JOHANNESBURG (Reuters) – Brazilian digital bank Nubank has invested $150 million in Time Group, a digital bank with 15 million customers in South Africa and the Philippines, as it expands into Southeast Asia and plans to go public. It was announced that it would be used to raise funds. By 2028. NuBank said in […]