About Nubank
Nubank is a company based in Sao Paulo (Brazil) founded in 2013.. Nubank has raised $2.27 billion across 12 funding rounds from investors including Tencent, Goldman Sachs and Berkshire Hathaway. The company has 8,720 employees as of December 31, 2024. Nubank has completed 7 acquisitions, including Cognitect, Easynvest and Hyperplane. Nubank offers products and services including Cartão Nubank, Cartão Ultravioleta, and Cartão Nu Empresas. Nubank operates in a competitive market with competitors including Revolut, albo, Cora, Banco BV and Conta Simples, among others.
- Headquarter Sao Paulo, Brazil
- Employees 8720 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nu Holdings Ltd.
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Annual Revenue
$10.33 B0as on Dec 31, 2024
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Net Profit
$1.97 B0as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$2.27 B (USD)
in 12 rounds
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Latest Funding Round
$750 M (USD), Series G
Jun 08, 2021
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Investors
Tencent
& 23 more
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Employee Count
8720
as on Dec 31, 2024
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Investments & Acquisitions
Cognitect
& 6 more
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IPO & Listings of Nubank
Nubank is a publicly listed company on the NYSE with ticker symbol NU in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Nubank
Nubank offers a comprehensive portfolio of products and services, including Cartão Nubank, Cartão Ultravioleta, and Cartão Nu Empresas. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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Funding Insights of Nubank
Nubank has successfully raised a total of $2.27B across 12 strategic funding rounds. The most recent funding activity was a Series G round of $750 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series G — $750.0M
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First Round
First Round
(17 Jul 2013)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series G - Nubank | Valuation | Berkshire Hathaway , Sands Capital | |
| Jan, 2021 | Amount | Series G - Nubank | Valuation | GIC , Invesco | |
| Aug, 2020 | Amount | Series F - Nubank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nubank
Nubank has secured backing from 24 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, Goldman Sachs and Berkshire Hathaway. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech companies are invested in by MSA venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital and private equity are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nubank
Nubank has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cognitect, Easynvest and Hyperplane. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based data platform is utilized for financial institutions' personalization.
|
2022 | ||||
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Payers and receivers are connected via a payment network.
|
2018 | ||||
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Personal finances are managed and optimized by AI-driven insights.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nubank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nubank Comparisons
Competitors of Nubank
Nubank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Revolut, albo, Cora, Banco BV and Conta Simples, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Internet-first banking for retail and business customers is provided.
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| domain | founded_year | HQ Location |
Digital banking services are offered to small and medium businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nubank
Frequently Asked Questions about Nubank
When was Nubank founded?
Nubank was founded in 2013.
Where is Nubank located?
Nubank is headquartered in Sao Paulo, Brazil.
Is Nubank a funded company?
Nubank is a funded company, having raised a total of $2.27B across 12 funding rounds to date. The company's 1st funding round was a Series F of $300M, raised on Jul 17, 2013.
How many employees does Nubank have?
As of Dec 31, 2024, the latest employee count at Nubank is 8,720.
What is the annual revenue of Nubank?
Annual revenue of Nubank is $10.33B as on Dec 31, 2024.
What does Nubank do?
Nubank was established in 2013 in Sao Paulo, Brazil, within the fintech sector. Online banking accounts are provided for sending, receiving money, and scheduling transfers. Consumer loans, bill payments, and NFC-enabled credit cards are available for online and offline transactions. The mobile application operates on iOS and Android platforms, serving users in the region.
What products or services does Nubank offer?
Nubank offers Cartão Nubank, Cartão Ultravioleta, and Cartão Nu Empresas.
Is Nubank publicly traded?
Yes, Nubank is publicly traded on NYSE under the ticker symbol NU.
How many acquisitions has Nubank made?
Nubank has made 7 acquisitions, including Cognitect, Easynvest, and Hyperplane.
Who are Nubank's investors?
Nubank has 24 investors. Key investors include Tencent, Goldman Sachs, Berkshire Hathaway, CPP Investments, and Ribbit Capital.
What is Nubank's ticker symbol?
The ticker symbol of Nubank is NU on NYSE.
What is Nubank's valuation?
The valuation of Nubank is $30B as of Jun 2021.