Nubank

Nubank is a financial services startup based in Brazil, offers customers a no-fee, low-interest credit card that customers can manage with their iOS and Android devices.

Nubank is the leading fintech in Latin America. Using bleeding-edge technology, design and data, Nubank is committed to fighting complexity and empowering Brazilians to take control of their finances.

Nubank was founded in 2013 by Colombian David Vélez, Brazilian Cristina Junqueira and American Edward Wible. The company is based in Pinheiros region of São Paulo, São Paulo, Brazil with an engineering office in Berlin, Germany, and an office in Mexico City, Mexico.

Nubank challenged an outdated and bureaucratic system by building a simple, safe and 100% digital environment that addresses Brazilian customer's needs- with no paperwork, bank branches or inefficient call centers.

Nubank created a 100% free-of-charge credit card that has been requested by over 16 million people so far, and the company passed the 4 million active customer mark in 2017.

Nubank is dedicated to create an inclusive, international and challenging work environment. The company is constantly looking for skilled, globally minded and result-oriented team members who are not afraid to challenge the status quo.

Nubank is backed bby top tier investors including Sequoia Capital, TCV, Founders Fund, Kaszek Ventures, Tiger Global Management, Goldman Sachs, QED Investors and DST Global and many others. The company raised $400M in it's latest funding of a "Series F" round on Jul 26, 2019. This brings Nubank's total funding to $1.1B to-date.

 

Nubank was valued at a gigantic $10B during it's latest financing on Jul 26, 2019, which is more than doubled from it's previous $4B on Oct 8, 2018. This new valuation puts them to the list of one of the most valuable fintech in the world.

 

Nubank was named as the most innovative company in Latin America, in 2019 by Fast Company. The company was also ranked 36th among the 50 Most Innovative Companies of the world.

 

 

  • Year founded: 2013
  • Funding Info: $1.1B in 10 Funding Rounds (Last Funding Type: Series F)
  • Yearly Revenue: $550M-$600M (2018)
  • Employee Size: 1000-5000
  • Business Valuation: Valued at $10B as of Jul 26, 2019
  • City/Town: Sao Paulo
  • State: Sao Paulo
  • Country: Brazil
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