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Nubank

Nubank

Nubank is a financial technology company based in Brazil issuing, administrating, processing and transfering payments related to post-paid credit cards and equity investments.

OverviewStructured DataIssuesContributors

Contents

nu.com.ar
nu.com.mx
nu.com.co
nubank.com.br
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Finance
Finance
Neobanking
Neobanking
Technology
Technology
Financial technology
Financial technology
Financial services
Financial services
Microcredit
Microcredit
Credit card
Credit card
Stablecoin
Stablecoin
...
Location
Mexico City
Mexico City
São Paulo
São Paulo
Buenos Aires
Buenos Aires
San Paolo
San Paolo
Brazil
Brazil
Berlin
Berlin
B2X
B2C
B2C
CEO
David Velez
David Velez
Founder
Cristina Junqueira
Cristina Junqueira
Adam Edward Wible
Adam Edward Wible
David Velez
David Velez
AngelList URL
angel.co/nubank
Pitchbook URL
pitchbook.com/profiles.../97782-40
Legal Name
Nu Pagamentos S.A.
Accelerator
Google Launchpad Accelerator
Google Launchpad Accelerator
Parent Organization
‌
Nu Holdings Ltd
Date Incorporated
May 6, 2013
Number of Employees (Ranges)
5,001 – 10,0000
Email Address
todomundo@nubank.com.br
ouvidoria@nubank.com.br0
press@nubank.com.br
meajuda@nubank.com.br0
Phone Number
+558006086236
Number of Employees
9,1670
Full Address
Rua Capote Valente, 39 Sao Paulo, 05409-000 Brazil
Investors
Tess Ventures
Tess Ventures
TCV
TCV
Dragoneer Investment Group
Dragoneer Investment Group
Base Partners
Base Partners
Nicolas Berggruen
Nicolas Berggruen
Redpoint Ventures
Redpoint Ventures
Ribbit Capital
Ribbit Capital
Thrive Capital
Thrive Capital
...
Founded Date
2013
0
Total Funding Amount (USD)
52,594,300,000
Latest Funding Round Date
June 8, 2021
Competitors
Plastc
Plastc
Monzo
Monzo
Swype (company)
Swype (company)
Qvivr
Qvivr
Tranwall
Tranwall
‌
Panamax Inc.
Stratos
Stratos
WePay
WePay
...
Business Model
Transaction processing / marketplace
Stock Symbol
NU
Exchange
New York Stock Exchange
New York Stock Exchange
B3 (stock exchange)
B3 (stock exchange)
CTO
Adam Edward Wible
Adam Edward Wible
Latest Funding Type
‌
Series G round
Latest Postmoney Valuation
10,000,000,000
Motto/Tagline
Help us reinvent what's possible
Wellfound ID
nubank
Country
Brazil
Brazil

Other attributes

Blog
blog.nubank.com.br
Company Operating Status
Active
Strategic Partnerships
cognitect and Nubank strategic partnership
cognitect and Nubank strategic partnership
‌
Amazon Web Services and Nubank strategic partnership
FORTINET and Nubank strategic partnership
FORTINET and Nubank strategic partnership
‌
Tencent and Nubank strategic partnership
Latest Funding Round Amount (USD)
750,000,000
Public/Private
Public
Ticker Symbol
NU
Wikidata ID
Q25422888

Founded in 2013 by David Vélez, Cristina Junqueira, and Edward Wible, to offer banking and credit services in Brazil. They offer their signature purple MasterCard, high-interest savings accounts, personal loans, and debit cards for consumers and small-to-medium enterprises (SMEs).

History

They launched their first product, a MasterCard Platinum credit card managed through Nubank's app, in 2013. The card attracted customers with no fees – afforded by their lower overheads than traditional banks – and lower interest rates than their brick-and-mortar competition. Nubank used their mobile interface to simplify the credit application process as well.

During Brazil's 2016 recession, Nubank introduced rewards programs to their credit card offerings. They were confident their low overhead and conservative credit modelling, built during an economic downturn, would protect them during the recession.

NuConta

Nubank received regulatory approval to operate as a bank in January 2018. They opened their new digital bank accounts – named NuConta – which gave customers access to billpay, account-to-account transfers and the ability to save more than regular savings accounts.

Conta PJ

Similar to their NuConta accounts, Conta PJ are aimed at small businesses as a business account. Offering users free transfers between accounts and banks, bill and taxes payments, deposit via boleto and the "charge money" feature which allows users to send a link to remind others to send them money.

Nubank also offers personal loans which emphasize transparency into their rates. They allow users to run a simulation of their loan to see the impact the fee and payment structure would have on them and allows them to manage their payments.

Funding
Seed Round

In July 2013, Nubank raised $2 million in their seed round. Investors included Sequoia Capital and Kaszek Ventures.

Series A

Nubank raised $14.3 million in their Series A. Sequoia Capital led the round which included QED Investors, Nicolas Berggruen and Kaszek Ventures. The announcement of their Series A funding coincided with their launch of a MasterCard Platinum credit card managed through Nubank's Android or iOS app.

Series B

In June of 2015, Nubank raised $30 million. Tiger Global Management led the round, which included Sequoia Capital, Kaszek Ventures and QED Investors.

Series C

In January 2016, Nubank raised $52 million in financing. Founders Fund led the round which included participation from returning investors Sequoia Capital, Kaszek Ventures and Tiger Global Management. The post-financing valuation of Nubank was $500 million.

Debt Financing

In April of 2016, Nubank recieved $56 million from Goldman Sachs in a debt financing round.

Series D

In December of 2016, Nubank raised an $80 million round. DST Global led the round which included participation from Sequoia Capital, Tiger Global Management, Founders Fund and QED Investors. This financing came during one of Brazil's worst recessions.

Debt Financing

In August 2017, Nubank raised another debt financing. The round was valued at $144 million and involved Goldman Sachs, who increased their current credit to Nubank, and Fortress Investment Group.

Series E

Nubank raised $150 million in March 2018. DST Global Investment led the round, which included participation from Founders Fund, Redpoint Ventures, Ribbit Capital LP, QED Investors, Dragoneer Investment Group and Thrive Capital Partners. This funding came after Nubank received regulatory approval to operate as a bank, its new digital account and announced 13 million Brazilians had applied to be a Nubank customer.

Secondary Market

Nubank announced a $180 million investment from Tencent in October 2018. This brought Nubanks valuation to $4 billion.

Series F

The July 2019 round raised $400 million for Nubank. TCV led the round which included participation from Tencent, DST Global, Sequoia Capital, Dragoneer Investment Group, Ribbit Capital LP and Thrive Capital. The financing came off of Nubank expanding their offerings geographically, opening offices in Mexico and Argentina in May of 2019. This round of financing brought Nubank to a $10 billion valuation.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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Author
Link
Type
Date
No Further Resources data yet.

References

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