Nubank Company Intelligence
Quick Take
- Founded in 2013, Nubank is the largest neobank in Latin America with +50 million users in Brazil, Mexico and Columbia
- After its Series G round in June 2021, Nubank went public in December 2021 – the company raised USD $2.6 billion and was valued at USD $41.5 billion during the time of the IPO
- In 2022, Nubank is focusing on increasing market share in Mexico/Columbia and expanding its product offerings to accelerate growth
- To increase profitability, Nubank should concentrate on increasing the average revenue per active customer (ARPAC) and expanding its credit portfolio to include more lucrative products such as mortgages
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Author: Wendy Hirata
