Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam Alerts!
Earn up to 36% APY on cryptocurrency deposits!
BanksDaily on Twitter BanksDaily on FaceBook BanksDaily on LinkedIn BanksDaily on Instagram

Press Release :: Nubank

Logo NubankNubank reached the mark of 70 million customers in Latin America, with 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400 thousand in Colombia.

The company, the 5th largest financial institution in Brazil in number of customers, has a team of more than 7,000 people in 6 offices located in the countries where it operates, including technology and talent hubs in the United States, Germany, and Argentina.

In Brazil, Nubank continues to grow on other business fronts, such as investments, where it already has more than 6 million active customers, with emphasis on its fund manager, Nu Asset Management, which has more than 1 million shareholders. These milestones position the company as the largest digital investment platform in the country and the sixth largest investment fund manager in number of shareholders.

“Our accelerated growth is driven by an ongoing search for efficiency, which balances expansion, new products, and increased revenue per customer. Nubank is a project for the next decades and we remain firm in our purpose of freeing all people from any complexity in financial services in Brazil, Mexico, and Colombia”, says David Vélez, CEO and founder of Nubank.

One week after announcing the availability of Caixinhas (Money Boxes) to its entire user base in Brazil, Nubank reached the mark of more than 1.7 million active customers who have joined the financial planning and organization tool. There were more than 2.25 million Boxes created during the period. The functionality currently has two investment options, including the fixed income fund Nu Reserva Imediata, which is already one of the largest investment funds in Brazil in number of shareholders and which recorded a performance of 108% of the CDI (equivalent to 167% in savings) from February, when it was launched, to the end of August.

Another experience that registered fast growth was Nubank Cripto, which allows the purchase, maintenance, and sale of cryptocurrencies. Available to all Brazilian customers since the end of July, with more than 1.8 million having made at least one cryptocurrency purchase via the Nubank app.

The company continues to invest in a platformization strategy, seeking to go beyond the core of the credit card and digital account business, with the purpose of having a complete offer of financial services that meets and satisfies the real needs of its customers. In addition to the recent launch of Nubank Cripto and Caixinhas, Nubank started testing Nunos, the new free customer relationship program that offers rewards, and joined Open Finance to give more autonomy to customers in their financial life. Currently, there are more than 30 financial products available to customers.

Source: Nubank
Date: 27.09.2022
Financial and Banking News
 Why is a white label digital bank the best solution for your business in 2022

In the era of media and technology, everything around us is digitized. After the COVID-19 breakout traditional banking actions were replaced or complemented with fintech services. According to the latest Harris polls and Plaid's survey, it has become paramount for 88% of American consumers' financial lives.

 JPMorgan becomes first major bank in the metaverse, opens lounge in Decentraland

JPMorgan has become the world’s first bank to set up shop in the metaverse. The largest bank in the US has opened a lounge in the blockchain-based world Decentraland.

 5 Tips to Make You Stay On Your Holiday Budget

Budgeting, in general, is a challenging task. We tend to go astray with our budgeting and end up overspending instead. The challenge of budgeting becomes more complicated during the holiday season when sales are everywhere.

 Public-Private Partnership project value exceeds US$223 bn in MENA as delegates gear up to discuss opportunities at the PPP MENA Forum

As many as 242 public-private partnership projects worth US$223 billion (Dh818 billion) are under development in the Middle East and North Africa region, according to recent reports, which is set to go up as project execution picks up with return to normalcy and higher oil price that will fuel economic growth in the Middle East – pushing public-private partnership sector. 07.01.2022 | Source: Great Minds Event Management

 UK bank bans cryptocurrency amid fraud concerns with Binance and Kraken

TSB Banking Group Plc. is set to ban more than 5 million customers from buying cryptocurrencies amid fears over "excessively high" fraud rates on trading platforms, according to a report by the U.K.’s Telegraph newspaper.

 📰 News Archive

2007-2022 © BanksDAILY.com | All Banks in One place