Brazilian Nubank reached 79.1 million customers in Latin America by early April. That is up almost 20 million compared to a year ago.
With payroll lending, Nubank blazes a trail into secured lending, an asset that bears less risk than credit cards and individual loans.
Nubank's shares ticked 4% higher on market opening following a surge in profits during the fourth quarter of 2022.
Nubank announced in October the creation of the digital currency, which is part of its new blockchain and crypto-assets initiative in LatAm.
These numbers consolidate Nubank as the fifth-largest financial company in Brazil by customers.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.
Nubank, the largest digital bank in Latin America, officially launched Nucoin. It is a free-of-charge token that rewards the most loyal users.
Fintechs in Brazil are taking a more cautious approach to credit in the face of rising delinquencies and inflation.
Nubank announced it was no longer serving its clients with investment advisory, cutting its headcount by 40.
Nubank announced a $150 million loan from the International Finance Corporation as it seeks to strengthen its presence outside of Brazil.