Nubank

personal finance managementwealthtech-retailneobanks / digital banksover the top

FOUNDING YEAR: 2013
LOCATION:
Last Update: 04/07/2020

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About

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.

Focus

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.

REVENUE MODEL

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

MAIN CLIENTS

Retail online customers

Traction

VALUATION / MARKET CAP:

$10 B in 2019

VALUATION COMMENT:

$10Billion

REVENUE

$10M+ in 2017

REVENUE COMMENT:

The company had a revenue of $170Million+ in 2017

ACTIVE USERS:

12 Million in 2019

ACTIVE USERS COMMENT:

Almost 30 million people have requested the product since launch in 2017.

People

FOUNDERS

David Velez

Adam Edward Wible

Cristina Junqueira

Adam Edward Wible

BOARD MEMBERS AND ADVISORS

Nicolas Szekasy

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Digital Sky Technologies.

DST Global

DST Global

Fortress Investment Group

Founders Fund

Founders Fund

Gene Lockhart

Goldman Sachs

Goldman Sachs

KaSZek Ventures

Nicolas Berggruen

QED Investors

RedPoint Ventures

Ribbit Capital LP' QED

Sequoia Capital

Sequoia Capital

Tencent Holdings

Tencent Holdings

Tiger Global Management

KEY EMPLOYEES:

David Vélez (CEO); Gabriel Silva (CFO)

COMMENT:

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.

Momentum

FUNDED

YES

TOTAL FUNDING

$818.3 M

DATE OF LAST FUNDING

Jul 2019

SEED & PRIOR FUNDING

$2 M

FUNDING SERIES

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  · $240 M  · Oct 2018

SERIES F  · $400 M  · Jul 2019

DEBT FUNDING

$56.4 M

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Views:

468 VISITORS | 842 VIEWS
LATEST FUNDING ROUND

$818 M

TOTAL EMPLOYEES
1000+

About

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.

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People+
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