Tagged: nubank

September 24, 2024 @ 10:28 am By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) announced it has expanded its digital bank financial technology presence in Latin America, having agreed to provide its AxiomSL regulatory reporting solution to Nubank (NYSE: NU), a digital bank with over 100 million customers across Brazil, Mexico, and Colombia. The agreement extends… Read More

September 21, 2024 @ 12:33 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the signing of agreements with the states of Rio de Janeiro and Minas Gerais to expand the offering of payroll loans. With these two new contracts, the company reaches a “total of 11 agreements and expands its total addressable market (TAM)… Read More

September 14, 2024 @ 4:52 pm By Omar Faridi  |  

Ultravioleta, Nubank’s (NYSE: NU) high-income customer experience, launches today a series of Bank Deposit Certificates (CDBs, from the acronym in Portuguese) with more competitive yield rates than those already available in the app. According to the website, Ultraviliot card cashback may grow at twice the… Read More

August 26, 2024 @ 7:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More

August 19, 2024 @ 9:49 am By Omar Faridi  |  

Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company’s international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3… Read More

August 13, 2024 @ 10:06 pm By Omar Faridi  |  

Nu Asset, Nubank’s (NYSE: NU) investment fund manager, takes its first steps into exploring the institutional investor segment. This move is part of a distribution agreement established with Itajubá Investimentos Assessores de Investimentos, a key player focused on wholesale market distribution in Brazil. Nu Asset’s… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

August 4, 2024 @ 8:33 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside Asia, is helping to streamline the way Brazilians interact with the government’s digital services. Since the partnership began in May, over 3.2 million Nubank customers “have obtained a silver… Read More

July 23, 2024 @ 11:11 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the expansion of the cryptocurrency price alert service available on Nubank Cripto, the crypto trading platform on the Nubank app. Throughout August, all of the company’s 92 million customers in Brazil “will have access to the feature.” Through the new tool,… Read More

July 18, 2024 @ 2:36 pm By Omar Faridi  |  

In another step towards contributing to the development of the ETF market in Brazil, Nu Asset Management (Nubank’s investment fund manager) announces two new solutions: the Nu Ibov Smart Low Volatility B3 (LVOL11) and the Nu Ibov Smart High Beta B3 (HIGH11). The two ETFs… Read More

July 12, 2024 @ 5:21 pm By Omar Faridi  |  

Nubank (NYSE: NU) customers across Brazil now have access to a new alternative for fuel payment transactions. Users of the Shell Box app, Shell’s platform for experiences, “can now enjoy the convenience of paying for their fuel using NuPay, an online payment method for Nubank… Read More

June 30, 2024 @ 10:56 am By Omar Faridi  |  

Nubank (NYSE: NU) announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking platforms, “bringing smarter, fairer, and more personalized financial products and services to Nubank’s customers.” Hyperplane, launched in 2022 and… Read More

June 28, 2024 @ 5:43 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform in the world outside Asia, announced on the results of the seventh edition of Nubank Data, this time with the theme Financial Health and Well-Being: Access Beyond Credit. The study focuses on the journey… Read More

June 12, 2024 @ 6:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside of Asia, and Chubb, a global enabler of insurance, announced that they have reached a significant milestone of 2 million active insurance policies in Brazil. Contributing to the success… Read More

May 30, 2024 @ 8:33 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform in the world outside of Asia, announces the launch of its cryptocurrency transfer functionality. Now, customers can send and receive crypto assets “directly from their wallets.” The solution, which is being gradually rolled out,… Read More

May 19, 2024 @ 11:50 am By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), which claims to be one of the world’s largest digital banking platforms, released its First Quarter financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “In May… Read More

May 10, 2024 @ 8:54 am By Omar Faridi  |  

Nubank (NYSE: NU) announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement reportedly comes on “the heels of record 2023 financial results, with over US$1… Read More

April 27, 2024 @ 6:03 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms, announces  the release of Nubank+, which is described as “an evolution of the Nu experience.” From now on, those who join the experience will reportedly “have even more benefits like cashback,… Read More

April 20, 2024 @ 7:51 am By Omar Faridi  |  

Analysis of pseudonymized and aggregated data from 3.6 million Nubank (NYSE: NU) customers illustrates drivers and barriers along the journey to long-term financial health. Recently, Nubank and Mastercard (NYSE: MA) released findings “from a study measuring the financial inclusion impact on individuals, including some who… Read More

April 10, 2024 @ 1:54 pm By Omar Faridi  |  

Nubank Ultravioleta, the seamless experience provider for high-income Nubank (NYSE: NU) customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, which is Wise’s (LSE:WISE) global infrastructure solution for banks and large companies. Starting now,… Read More