Nubank (Nu Holdings Ltd.) (NYSE: NU)
Banks - Regional · São Paulo, Brazil · Founded 2013
- Market capitalization: $50.0 billion
- Annual revenue: $8.0 billion
- Net income: $0.01 billion
- Employees: 8,000
- Sector: Financial Services
- Headquarters: São Paulo, Brazil
- Founded: 2013
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Nu Holdings, operating as Nubank, is the world's largest digital bank by customer count, serving over 90 million customers across Brazil, Mexico, and Colombia. The company offers no-fee credit cards, digital savings accounts, personal loans, and insurance—all through a sleek mobile app with no physical branches. Nubank has become a cultural phenomenon in Brazil.
Nubank earns revenue through interchange fees on card transactions, interest income from its growing loan portfolio, and fees from insurance and investment products. The branchless model keeps operating costs dramatically lower than traditional banks.
Colombian-born David Vélez founded Nubank in São Paulo in 2013, frustrated by Brazil's oligopolistic banking sector. The company launched with a no-fee credit card that generated a waitlist of millions. Nubank went public on the NYSE in December 2021 at a $41 billion valuation.
| Market Capitalization | $50.0B |
| Annual Revenue | $8.0B |
| Net Income | $0.01B |
| Profit Margin | 0% |
| Revenue per Employee | $1000000K |
| Stock Exchange | NYSE |
| Ticker Symbol | NU |
Financial data is approximate and based on most recent annual filings.
Warren Buffett's Berkshire Hathaway invested $500 million in Nubank before its IPO—a rare bet on a fintech by the famously tech-skeptical investor. Nubank's customer acquisition cost is reportedly under $5 per customer in Brazil.
Nubank has proven the neobank model can work at massive scale and actually turn a profit—something most Western digital banks have failed to do. Mexico is the next growth engine, and if it replicates the Brazilian playbook there, the stock has significant runway.
What is Nubank (Nu Holdings Ltd.)'s revenue?
Nubank (Nu Holdings Ltd.) generates approximately $8.0 billion in annual revenue.
How many employees does Nubank (Nu Holdings Ltd.) have?
Nubank (Nu Holdings Ltd.) employs approximately 8,000 people worldwide.
What is Nubank (Nu Holdings Ltd.)'s market cap?
Nubank (Nu Holdings Ltd.) (NU) has a market capitalization of approximately $50.0 billion on the NYSE.
When was Nubank (Nu Holdings Ltd.) founded?
Nubank (Nu Holdings Ltd.) was founded in 2013 and is headquartered in São Paulo, Brazil.
Who is the CEO of Nubank (Nu Holdings Ltd.)?
David Vélez is the current CEO of Nubank (Nu Holdings Ltd.).
What is Nubank (Nu Holdings Ltd.)'s website?
Nubank (Nu Holdings Ltd.)'s official website is nu.com.br.
| CEO | David Vélez |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Founded | 2013 |
| HQ | São Paulo |
| Country | Brazil |
| Website | nu.com.br |
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