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Nubank is a mobile-based credit card provider in Brazil. It provides a detailed credit analysis for the consumer. It also helps users to track their finances in real time and provides them with additional features like card blocking, exchange rates etc.
Mobile-based credit card provider. 1) Accounts: It enables users to open online account and manage their day to day expenses, send and receive money in real time to other NuContas and make transfers (TEDs) to all banks without paying fees. 2) Rewards: It enables users to earn points with each purchase which can be used instantly in the same purchase. In addition to flight and hotel, users can use their points to erase frequent expenses, like Uber travel or online monthly service subscriptions. Users can also use these points to erase their invoice expense. 3) Cards: It provides a Nubank Mastercard International Card which can be used by individuals to make payments and transfer money. Users can also request to increase their credit limit through the Nubank Mobile app. 4) It has recently launched personal loan. The company is also planning to launch the digital account services for small and medium size businesses.
Nubank's revenues come from two main sources: 1) interchange revenue paid by the merchants when customers pay their bills with the Nubank card, 2) Interest charged to customers when they finance through their credit card
Retail online customers
$10 B in 2019
$10M+ in 2017
The company had a revenue of $170Million+ in 2017
12 Million in 2019
Almost 30 million people have requested the product since launch in 2017.
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