NuBank: Disrupting the Financial Services

Join the K-Latam and the Fintech@Kellogg Clubs to learn how NuBank, a Brazilian Fintech founded by a Kellogg alum, grow up into a $10 billion startup, the largest in Latin America and one of the most innovative in the world, by challenging the traditional banking system.

Nubank is trying to become one of the most valuable financial technology startups in the world by extending credit cards to the unbanked and challenging the financial system of one of the world's biggest markets, Brazil.

About NuBank:
Nubank was founded in 2013 by Colombian David Vélez; Brazilian and Kellogg Alum Cristina Junqueira and American Edward Wible.

Its first product, launched in 2014, is a no-fee credit card that is fully managed by a mobile app. Almost 30 million people have requested the product since launch, and the company has passed the 13 million customer mark. In 2017, Nubank launched its proprietary loyalty rewards program ("Nubank Rewards"), as well as a digital account ("NuConta") that is already used by 10 million people. This year, the company began testing its personal loan product and took its first steps in international expansion, opening offices in Mexico and Argentina.

To date, Nubank has raised around US$ 820 million in seven equity investment rounds from TCV, Sequoia Capital, Kaszek Ventures, Tiger Global Management, QED, Founders Fund, DST Global, Redpoint Ventures, Ribbit Capital, Dragoneer Investment Group, Thrive Capital and Tencent.

Recently, Nubank was elected as the most innovative company in Latin America and ranked no. 36 on Fast Company's 50 Most Innovative Companies ranking.

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Co-hosted with: Fintech@Kellogg