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  • Article
     | 
    JUN 23, 2022
  • Article
     | 
    MAY 23, 2022

    Some to watch include Brazil-based Nubank, US-based Chime, and Germany-based N26. Some neobanks may never attain profitability and will ultimately dissolve or turn their focus elsewhere. We’ve seen this in Australia, where neobank Xinja collapsed completely, and Volt shifted to a banking as a service model. Neobanks may also become acquisition targets.

  • Article
     | 
    MAR 29, 2022

    This amount, PitchBook noted, was buoyed by companies like Robinhood, Coinbase, and Nubank going public. The figure, PitchBook added, was greater than the cumulative exit amount for the prior 10 years, which is $132.4 billion. Meanwhile, the number of exits jumped by about 76% YoY, from 217 to 383. Funding falls by year-end: PitchBook pointed out that the VC investing boom cooled off late in Q4 2021:.

  • Article
     | 
    JAN 31, 2022

    Brazil-based Nubank, which also operates in Mexico, unveiled a remittances feature in July 2021 that’s designed to work in over 100 countries. A remittances-first push can still benefit Revolut if it’s nimble in developing and releasing the product’s features. Its current product enhancement suggests that it’s willing to invest in a challenging market entry.

  • Article
     | 
    JAN 25, 2022

    Latin America’s biggest fundraise of 2021 was $1.15 billion, which went to the Brazilian neobank Nubank. When Nubank began trading on the New York Stock Exchange in December 2021, its valuation topped $40 billion. Next was the Brazil-based payment technology provider eBanx, with $430 million from Advent International.

  • Article
     | 
    JUN 28, 2022

    Neobanks: Digital banks such as Revolut and Inter competitor Nubank excel in customer centricity and partnerships, but their prospects of becoming super apps are weaker due to their unprofitability. The big takeaway: Inter describes its approach to the US market as a pyramid, with banking services at the base.

  • Article
     | 
    DEC 22, 2021

    Nubank raised $2.6 billion for its IPO earlier this month at a valuation in the $41 billion ballpark, multiple media outlets reported. The figure came close to the top end of the Brazil-based neobank’s revised pricing range, which it lowered from a previous filing. Its IPO funding came on top of $1.1 billion in Series G funding that it brought in during H1 2021.

  • Article
     | 
    JUN 9, 2021
  • Article
     | 
    DEC 10, 2021

    Brazil-based Nubank bagged $2.6 billion for its IPO this week and hit a valuation in the $41 billion range in doing so, per multiple news reports. The figure hovered around the high end of the company’s pricing range, which it revised downward last week. In October 2021, Germany-based N26 brought in over $900 million with a valuation above $9 billion.

  • Article
     | 
    JUL 9, 2021
  • Article
     | 
    APR 12, 2021
  • Chart
     | 
    JAN 12, 2022
  • Article
     | 
    NOV 3, 2021

    With an eye toward its customers’ potential earnings, Nubank can also take steps now to cultivate their loyalty by leveraging its product lineup—for example, with its Ultravioleta paid account. Primary banking data which demonstrates recurring usage of Nubank accounts for customers’ wages gives a glimpse into how the neobank can make this happen.

  • Article
     | 
    OCT 29, 2021

    Brazilian neobank Nubank raised $400 million in a Series G round in January, then extended that round by another $750 million in June for a staggering total of $1.15 billion. Germany’s N26 raised more than $900 million earlier this month, carrying its valuation to more than $9 billion. UK neobank Revolut closed an $800 million Series E funding round in July that valued the company at $33 billion.

  • Article
     | 
    OCT 18, 2021

    Nubank also has more room to run with respect to monetization and overseas operations:. In July 2021, the neobank launched Ultravioleta, its first-ever paid account, with a monthly price of BRL$49 ($9.50). The roll out signaled another push by Nubank toward monetizing its users and boosting profits.

  • Article
     | 
    OCT 19, 2021

    Nubank holds the crown as world’s largest neobank with 40 million users, according to TechCrunch. However it only has active footprints in Brazil, its home market, plus Mexico and Colombia. Chime is a major US-based neobank and, per Insider Intelligence forecasting, will be the biggest by customers: it’s slated to jump from 13.1 million in 2021 to 22.7 million in 2025.

  • Report
     | 
    NOV 22, 2021

    Brazil’s Nubank (neobank), Colombia’s Rappi (ecommerce delivery), and Mexico’s Kavak (used-car sales) are three of the most highly valued startups in the region, all of which are creating new consumer experiences. Additionally, like many other Latin American companies, these startups are all finding growth outside of their home markets in other countries in the region.

  • Article
     | 
    NOV 17, 2021

    LATAM consumers are rapidly shifting to fintech solutions, with lockdown measures encouraging millions to download apps like neobank Nubank for easier access to financial services.

  • Article
     | 
    NOV 16, 2021

    LATAM consumers are rapidly shifting to fintech solutions, with lockdown measures encouraging millions to download apps like neobank Nubank for easier access to financial services.

  • Article
     | 
    SEP 10, 2021

    Brazilian neobank Nubank added $750 million to its Series G funding round in June, and the new investments brought its valuation to a staggering $30 billion, according to Reuters. Varo’s biggest US competitor, Chime, announced in August that it raised $750 million in a Series G funding round that spiked its valuation to $25 billion.

  • Article
     | 
    JUL 29, 2021

    A remittance feature will help Nubank build its brand awareness both within existing markets—the neobank also does business in Mexico and Colombia—and with transfer recipients who live outside of its current service area. The latter group could one day become Nubank customers if the neobank ever opts to expand into their home countries.

  • Article
     | 
    MAY 27, 2021

    Current players include Brazil-based Nubank, which disclosed last month that it is building out its presence in the market. Since its 2019 debut with a commission-free card offering, Nubank has acquired 1.5 million users. Other examples include Albo, which has reached almost 500,000 customers, and Fondeadora, which offers a debit card. In contrast, the banking market for Mexico’s SMBs is underserved.

  • Article
     | 
    AUG 19, 2021

    Local consumers have become incredibly receptive to digital solutions during the pandemic, with Nubank acquiring 41,000 new customers a day in September, while trading volume through the crypto exchange Mercado Bitcoin was higher in H1 than all previous years combined.

  • Article
     | 
    MAY 26, 2021

    Some of Kaszek’s notable investments include neobank Nubank, alt lender Creditas, and crypto company Bitso. And given that its existing investments in the segment are doing well—Nubank is the largest neobank globally, with 34 million customers—Kaszek will likely try to replicate this success with further investments in fintechs.

  • Chart
     | 
    JUN 9, 2020
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