Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
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.
PRODUCTS & SERVICES
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
VALUATION / MARKET CAP:
$10 B in 2019
$10M+ in 2017
The company had a revenue of $170Million+ in 2017
12 Million in 2019
ACTIVE USERS COMMENT:
Almost 30 million people have requested the product since launch in 2017.
Adam Edward Wible
Adam Edward Wible
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
David Vélez (CEO); Gabriel Silva (CFO)
1) David Velez founded Nubank in 2013. Before that he was also the co-founder of General Atlantic's Latin American investment programme. He began his career by working in companies like Morgan Stanley,Goldman Sachs. He has completed his education from Stanford School of Business. 2) Crisitna Junquiera is the Co-Founder,VP of Branding,Business Development at Nubank Brasil. Prior to that she held leadership positions at NameItaú Unibanco,LuizaCred.
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $14.3 M · Sep 2014
SERIES B · $30 M · Jun 2015
SERIES C · $52 M · Jan 2016
SERIES D · $80 M · Dec 2016
SERIES E · $150 M · Mar 2018
SERIES F · $400 M · Jul 2019
SECONDARY MARKET · $180 M · ---
Sign up for a 30- day free trial with MEDICI Inner Circle to follow and track profiles you care about.