Founded in 2013 by David Vélez, Cristina Junqueira, and Edward Wible, Nubank entered the financial landscape with a mission to challenge traditional banking norms. The neobank quickly gained attention by offering low-limit credit cards and user-friendly mobile apps. In 2018, Nubank achieved unicorn status with a valuation of $1 billion, and in 2021, it went public with an IPO valuation of $45 billion. As of 26 Feb 2024, its Market valuation stands at $50.8B.
Nubank 2024: Soaring Valuation, Customer Growth, and Super App Aspirations
Updated: Mar 8, 2024