Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
Nubank's shares ticked 4% higher on market opening following a surge in profits during the fourth quarter of 2022.
Nubank and Banco Inter are moving away from the local stock exchange, while other Brazilian fintechs skip the market altogether.
Shares of Nubank have weakened since its initial public offering, losing some $20 billion in market value since it went public.
Making news in fintech this week was the former Silicon Valley Bank CEO, Microsoft, Goldman Sachs, OpenAI, Nubank, Truist,. Jack Henry, FedNow, Ripple, Dave and more.
As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
On the second day of the Fintech Nexus USA conference, Nubank's David Vélez recounted in direct terms the multi-year overnight success.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Brazilian neobank Nubank partnered with Wise to launch a global account. The online lender is targeting the highly affluent in Latin America.
NuBank started back in 2013 with $2mn in seed capital with the idea of fighting the bureaucracy and complexity of...