Technology

Nubank reaches 15 million clients in Brazil

The largest Latin American fintech increased by 25% its customer base in the country

  • In August, Nubank had already reached the mark of 12 million customers, becoming the largest digital bank worldwide
  • With 25% growth, the fintech has now more than 15 million clients in Brazil
  • The credit card remains the king with more than 10 million specific customers

The $10 billion fintech has a new achievement for the list: the mark of 15 million customers in Brazil, according to Nubank‘s CEO statement during the event Brazil Investment Forum, held in São Paulo. 

In August, the company had announced the achievement of becoming the largest digital bank worldwide with 12 million customers and in a little bit more than a month Nubank increased by 25% its customers’ total number. 

The credit card keeps being the product with the biggest number of users as well as the most attractive to new users, 10 million of all costumers use specifically this product. Nonetheless, the company is investing in increasing its portfolio to keep growing. “We opened many new business fronts in the last 12 months and we are growing fast”, said David Vélez, Nubank’s CEO, during the event. 

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Latin America is now the company’s next target. The fintech already arrived in Argentina but is in Mexico that Nubank plans to put all the efforts to scale the operation first.