About
Nubank is the world's largest neobank by revenue and LatAm's biggest digital bank. Public company (NU) with $11.5B revenue in 2024 (+58% YoY) and $2.2B adjusted net income (nearly doubled YoY). Serves 114M+ customers across Brazil, Mexico, and Colombia. Brazil's 3rd-largest financial institution by customer count. $78B+ market cap. 32% annualized adjusted ROE. 10M+ customers in Mexico, 2.5M in Colombia.
Key Facts
- [1]Founded: Founded in 2013 in Sao Paulo, BR.
- [2]Funding: Total funding: $2.2B. Last round: Dec 2021. Stage: Public.
- [3]Employees: Employee count: 5,000+.
- [4]Revenue: Annual revenue/ARR: approximately $8.0B.
- [5]Company Type: Public company.
- [6]Website: Official website: nubank.com.br.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: Americas (BR).
Founders
David Vélez
Co-founder & CEO
Cristina Junqueira
Co-founder
Edward Wible
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Nubank?
Nubank is the world's largest neobank by revenue and LatAm's biggest digital bank. Public company (NU) with $11.5B revenue in 2024 (+58% YoY) and $2.2B adjusted net income (nearly doubled YoY). Serves 114M+ customers across Brazil, Mexico, and Colombia. Brazil's 3rd-largest financial institution by customer count. $78B+ market cap. 32% annualized adjusted ROE. 10M+ customers in Mexico, 2.5M in Colombia. Nubank is classified in the Banking & Payments segment at the Applications layer of the financial AI stack.
Who founded Nubank?
Nubank was founded by David Vélez (Co-founder & CEO), Cristina Junqueira (Co-founder), and Edward Wible (Co-founder) in 2013 in Sao Paulo, BR. The company has been operating for 13 years. Nubank is now a publicly traded company.
How much funding has Nubank raised?
Nubank has raised $2.2B in total funding, placing the company at the Public stage. The most recent round closed in Dec 2021. Nubank generates approximately $8.0B in annual revenue. Among 38 funded Banking & Payments companies, Nubank ranks #6 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Nubank use?
Nubank primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Banking & Payments segment, 19 companies use this technology.
What market segment does Nubank operate in?
Nubank operates in the Banking & Payments and Lending & Credit and Wealth Management and Insurance market segments. AI-powered banking and payments companies are modernizing the core infrastructure of financial services — how money moves, how accounts are managed, and how banking operations are run at scale. The company also has a footprint in lending & credit and wealth management and insurance, reflecting its cross-functional approach to financial AI.
Where is Nubank headquartered?
Nubank is headquartered in Sao Paulo, BR. The company operates in the Americas region. The team consists of 5,000+ employees.
Who are Nubank's competitors?
Companies similar to Nubank in the Banking & Payments space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Stripe ($9.8B raised), Ramp ($2.3B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Nubank offer?
Nubank builds applications-layer solutions for the financial services industry. The company's core offering: AI-driven digital bank for LatAm. The platform is powered by Predictive ML technology.
Is Nubank publicly traded?
Yes, Nubank is a publicly traded company. Annual revenue is approximately $8.0B.