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Nubank — Startup ProfileThe world's largest independent digital bankHQ: São Paulo, Brazil | Founded: 2013 | Employees: 8,000-9,500 | Stage: Public (NYSE: NU) | Website: https://www.nubank.com.brAboutNubank (legal name Nu Holdings Ltd.) is a Brazilian neobank founded in 2013 by Colombian Stanford MBA David Vélez, Brazilian engineer Cristina Junqueira (ex-Itaú), and American computer scientist Edward Wible (ex-Princeton, Sequoia-scouted CTO). Frustrated by Brazil's concentrated, fee-heavy banking oligopoly, the trio launched a no-annual-fee international Mastercard managed entirely via mobile app on California Street in São Paulo's Brooklin district. From a single credit card, Nubank expanded into NuConta digital accounts (2017), personal loans (2019), business accounts, insurance, and Easynvest (rebranded NuInvest) brokerage, reaching 34M customers by Jan 2021 and 131M by Dec 2025 across Brazil, Mexico and Colombia. Regulated by the Central Bank of Brazil and listed on NYSE and B3 in DKey Metrics

Market Cap (2026): $58B (NYSE: NU)

IPO Valuation: $41.5B (Dec 2021, $9/share)

Total Funding (Private): $2.3B

Revenue: $16.3B FY'25, $9.4B FY'24

Customers: 138.9M (Q2'26), 83.5% active

Headcount: 8,000-9,500 (6 countries)

Funding Rounds

Round: $2M (2013-07-01) — Sequoia Capital, Kaszek Ventures

Round: $14.3M (2014-09-25) — Sequoia Capital

Round: $30M (2015-06-01) — Tiger Global Management

Round: $180M (2018-10-01) — Tencent Holdings

Round: $400M (2019-07-01) — TCV, Tencent, Dragoneer, DST Global

Key People

David Vélez

Cristina Junqueira

Edward Wible

Guilherme Lago

Key Competitors

Itaú Unibanco —

Banco Bradesco —

Mercado Pago (MercadoLibre) —

C6 Bank —

Timeline Highlights

2026-01-15: Conditional US OCC National Bank Charter Approval

2021-12-09: IPO on NYSE (NU) at $41.5B Valuation

2021-06-08: $30B Valuation — Berkshire Hathaway $500M Investment

2017-10-01: NuConta digital account launch

2014-04-01: First Nubank purple Mastercard transaction