Nubank overview

Nubank is a leading financial technology company in Latin America. Its first product, launched in 2014, is a no-fee credit card that is fully managed by a mobile app.  A reported 30 million people have requested the product since launch, and the company has passed the 12 million customer mark. 

In 2017, Nubank launched its proprietary loyalty rewards program (“Nubank Rewards”), as well as a digital account (“NuConta”) that is already used by 8 million people. 

In 2018, four years after the company experiences its first transaction with a Nubank card, Nubank became a unicorn. Less than a year later, the company became a decacorn. 

In 2019, the company began testing its personal loan product and took its first steps in international expansion, opening offices in Mexico and Argentina through a subsidiary called Nu. 

Later in December 2022 started introducing a new coverage option for its banking users following the launch of life insurance and mobile phone insurance. The new coverage will be underwritten by Chubb, and it protects users against unwanted digital transactions when a phone is stolen or if a user is under a threat.

To date, Nubank's investors include TCV, Sequoia Capital, Kaszek Ventures, Tiger Global Management, QED, Founders Fund, DST Global, Redpoint Ventures, Ribbit Capital, Dragoneer Investment Group, Thrive Capital and Tencent. Its most recent round, July 2019's Series F, raised $400m and valued the company at above $10bn.

Cristina Junqueira, David Velez, and Edward Wible founded EO2 Solucoes de Pagamento on May 6, 2013 which became Nubank in on June 25, 2013. It has its headquarters in São Paulo in Brazil, and also has offices in Berlin and Mexico City.

Map showing the location of Nubank

São Paulo, Brazil

Need more insight?

Speak to us about commissioning some bespoke research.

Find out more

Key people

Douglas Leone Board Member
David Velez Founder and CEO
Fernando Czapski Senior Director of Crypto
Meyer Malka Board Member
Nicolas Szekasy Board Member
Gabriel Silva CFO
Cristina Junqueira Co-founder
Mark Johnson Technology and Data Advisor
Val Serra Recruiter
Elliot Geidt Investor & Observer
Renee Atwood Chief People Officer
Bruno Giacomelli Manager of Customer Experience Operations
Alexandre Freire Kawakami Sr. Director of Engineering
Leonardo Trabuco Senior Director of Engineering
Jag Duggal Chief Product Officer
Lindsey Bleimes Vice President Of Engineering
Christianne Canavero Global Head of ESG and Nu Institute
Matt Swann CTO
Edward Wible Co-Founder and Software Engineer
Frank Fumarola Officer, Board of Executive Officers
Santiago Gonzales Staff Product Designer
Catherine Swetel Director Of Engineering
Martin Guelck Director of Product Management