Nubank

personal finance managementwealthtech-retailneobanks / digital banksover the top

FOUNDING YEAR: 2013
LOCATION: Brazil
Last Update: 07/02/2021

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MEDICI Analysis

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

COMPANY TYPE:

For Profit

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.

company provided insights

Acquisitions

ACQUIREE NAME

Easynvest

ANNOUNCED DATE

Sep 2020

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

9,573,874

AVERAGE VISITS (6 MONTHS)

10,437,134.15

MONTHLY VISITS GROWTH

-5.44%

VISIT DURATION

156

VISIT DURATION GROWTH

35.57%

PAGE VIEWS VISIT

2.07

PAGE VIEWS VISIT GROWTH

1.84%

BOUNCE RATE

68.72%

BOUNCE RATE GROWTH

0.46%

GLOBAL TRAFFIC RANK

6,925

MONTHLY RANK CHANGE

-306

MONTHLY RANK GROWTH

-4.23%

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