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Latin America’s best digital bank: Nubank - Brazil’s Nubank is the momentum story in global banking. In 2023, the bank added 19 million clients (to a total of 93.9 million), and it now can claim to bank 53% of the adult population of Brazil. It is also now seeing a positive operating leverage effect from the growth in its client base. In the fourth quarter of 2023, it recorded revenue of $2.4 billion (Nubank is listed on the NYSE and all its earnings are reported in dollars), which was up 57% on an annual basis. Net income jumped 489% to $360.9 million, with a return on equity of 23%.
Nu’s main competitive advantage is its culture, clearly defined since the foundation of the company, which has just reached 100 million customers. This is the topic discussed by David Vélez, founder and CEO, in the third episode of the Nu Videocast. CFO Guilherme Lago interviews Vélez about how customer centricity is the basis of everything Nu has built so far, and how it plays a key role in the long-term plans.
Nu Mexico receives Merco Talento 2024 recognition. Nu Mexico climbs 138 positions in the Merco Talento Ranking. Nu went from the 170th place to the 32nd in this list that measures companies by their ability to attract and retain talent.
Building the bench: Hiring the best product team at Nubank - Delve into the intricacies of hiring top talent and fostering a culture of trust, agility, and innovation.
Nubank acquires Hyperplane to accelerate AI-first strategy. AI technology will power Nubank's platform, providing deeper insights into customer needs and creating hyper-personalized digital financial services; Hyperplane's systems will integrate seamlessly, with immediate benefits
Nu Holdings Ltd. Reports First Quarter 2024 Financial Results: "Our results for Q1'24 show how our business model is also fueled by expanding revenue and stable cost per customer, generating growth in revenue to $2.7 billion and in net income to $379 million", said David Vélez, founder and CEO
Nubank surpasses 100 million customers. We are the first digital banking platform to surpass this milestone outside of Asia and we are honoring our customers in Brazil, Mexico, and Colombia with a tech-first campaign
Why Nubank was listed among Brazil’s LinkedIn Top Companies in 2024
AI and beyond: insights and impacts from the TDC Summit São Paulo 2024
Fast Company recognizes Nu as the Most Innovative Company in Latin America
