June 20, 2022, 10:17AM EDT
• 35 min read

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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