Coming to America: David Vélez and Nubank

Nubank, with 140M+ customers and $60B+ market cap, is launching in the US claiming a 20x cost-to-serve advantage over incumbent banks.

• Scale achieved: Nubank serves 140M+ customers across Brazil, Mexico, Colombia (118M in Brazil, 60%+ adult penetration); Q2 2026 net income topped $1B on ~$6B revenue; market cap exceeds $60B on NYSE since December 2021.
• US launch announced: At an April event at Inter-Miami's stadium, Nubank unveiled US products (high-yield savings, no-fee cashback credit card, fee-free transfers) plus 'Nu Global,' a multi-currency account spanning 35+ countries with crypto trading; conditional US national bank approval came January 29, 2026.

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