But since Nubank is a Brazillian company, we’re not dealing with GAAP — we’re delving into the world of International Financial Reporting Standard (IFRS). Which is equivalent, mostly.

Nubank, founded in Brazil by Colombian David Vélez, has become one of the largest digital financial services companies in the world. To speed up its international expansion in Mexico and Colombia ...

The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank's headquarters in Sao Paulo, Brazil June 19, 2018. Picture taken June 19, 2018.

The strategy is working: In its Q3 2024 earnings results, Nubank reported a return on equity of more than 30%—a first for the company, and a key measure of a bank’s profitability.

Brazilian financial technology company Nu Pagamentos SA is raising $400 million in a deal that would value the company at more than $10 billion, according to people familiar with the matter.

Nubank, freshly listed on the New York Stock Exchange, ... The company reckons incumbent Brazilian banks make 10 times as much revenue per customer. That’s a source of top-line growth, ...

SÃO PAULO, May 08, 2024--Nubank announced today that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone ...

The firm Nu Holdings, which owns the world's largest neobank Nubank, reported that it confidentially filed an F1 registration application with the United States Securities and Exchange Commission ...

But it could be a $10 billion company, so you should. This moment demands more than headlines In a time of noise, confusion, and spin, we’re committed to clarity, truth, and depth — even when ...

This would explain why Nubank’s demographic is largely people between the ages of 18-35 who make about R$1,000 to R$5,000 a month ($200-$1,000 USD), according to a case study by Harvard Business ...

Brazilian financial technology start-up Nubank now has 15 million clients, ... The company, whose investors also include China's Tencent Holdings Ltd 0700.HK, ...