The Ledger
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Storonsky: Revolut obtained its Mexican banking license ahead of Nubank
“So we got a banking license in Mexico, a head of new bank.”
Velez: Nubank is redefining itself into a broad consumer platform
“We're in the early days of using these eighty-five million digitally only consumer base to build a marketplace to go beyond financial services and enable our customers to access non-financial services products. So this is almost a redefine of what Nubank is. M…”
Nubank's Growth to $35B Proves Initial Valuation Concerns Wrong
“Like, new bank, At a billion dollars, looked pretty damn expensive. What's it worth now? Like, thirty-five billion dollars? Not so expensive.”
Stebbings: Nubank will expand into the US market
“They're going to enter the U S it's a good bet. They've still got David at the helm. They're growing 28% year on year. I think we, I think new banker incredibly solid.”
Nubank generated nearly $1 billion in profit last year
“I think they made nearly a billion profit last year or something.”
Velez: Nubank reaches 85 million customers in Latin America
“By now we have one of the largest digitally native consumer platform, consumer basis in Latin America with eighty five million customers.”
Velez: Almost 50% of Brazilian adults are Nubank customers
“We're getting to a point where almost 50% of the Brazilian adult population is a customer of Nubank.”
Velez: Nubank holds 15% credit card and 5% personal loan market share
“In credit cards, we have about 15% market share, but in personal loans, we have five percent market share. In investments, we have about two percent. In insurance, we have one percent.”
Duggal: Over 40% of Nubank customers use it as primary bank
“We are well north of 40% of all customers, not of actives, but of all customers. And again, that's part of us holding ourselves to a high bar. So when at, when three years ago, that metric was about 10%. And so we've grown at four X, even as we've grown the cu…”
Nubank, Rappi, and dLocal Mafias Will Build Next LATAM Startups
“Like you've got NewBank, Rappi, Dlocal, right? And so like the kind of mafias from those companies are going to spin out and join the next generation of companies or grow the next generation of companies.”